SINGAPORE, Nov. 14, 2024 /PRNewswire/ — Mega Matrix Inc. ("MPU" or the "Company") (NYSE American: MPU), today announced that during the 45th American Film Market (AFM), MPU was invited to participate in the FlexTV International Forum, held in Las Vegas on the afternoon of November 7 (Pacific Standard Time). MPU joined executives and industry experts from various companies and platforms to discuss the theme "Short Dramas: Where Entertainment Meets the Internet." The forum focused on trends in the market, new forms of IP exchange with existing television and film, ways to enter the short drama industry, and new and emerging technology. HTTV NEWS L.A. provided full coverage of the event.
AFM, owned and operated by the Independent Film & Television Alliance (IFTA), stood as a premier global event for film acquisition, development, and networking, attracting hundreds of finance, production, sales, and distribution companies, along with thousands of industry professionals each year. With more than $1 billion in distribution and financing deals concluded annually, AFM remained a crucial event for the film industry. FlexTV, operated by MPU, is a leading global streaming platform specializing in short drama. FlexTV’s influence in the North American short drama market and its dedication to high-quality, diverse content earned MPU the honor of having the forum named "FlexTV" in its recognition.
During the forum, Chief Strategy Officer of MPU, Songtao Jia, delivered a keynote that highlighted the revolutionary impact of short drama as an emerging entertainment format. Showcasing MPU’s most popular short drama Mr. Williams! Madame Is Dying, he illustrated how the short drama model adapted to shorter audience attention spans and vertical viewing trends, and through data analytics, how MPU precisely identified audience preferences, aligning content with viewer demand.
Executives from other short drama platforms and industry leaders further examined the rise of short drama in North America, observing that shifts in internet technology and evolving audience habits were driving a transformation in traditional film and television. With its concise storytelling, the short drama format proved cost-effective and well-suited to the fast-paced modern lifestyle. Localization of short drama emerged as a notable trend in the North American market, even drawing the attention of Hollywood.
Industry experts at the forum discussed the impact of short drama on traditional film and television, recognizing how the format allowed for rapid market testing, financial risk mitigation, and new avenues for creativity and narrative development. This balance between user-generated content and professional production represented not only an industry shift but also a new engagement platform for audiences and creators. Filmmakers were encouraged to treat short drama as an art form while interacting with audiences to understand and meet their needs, exploring innovative content formats that could support the transformation of the film industry.
As the only company listed on the U.S. stock exchange focused exclusively on short drama, MPU led new trends in the pan-entertainment industry with its innovative business model and deep consumer insights. Following this event, MPU anticipated further collaboration with film and television professionals within the short drama industry, shaping the future of pan-entertainment through innovation and partnership.
About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd., an indirect wholly owned subsidiary of the Company. Mega Matrix Inc. is a Cayman Islands corporation headquartered in Singapore. For more information, please contact [email protected] or visit: http://www.megamatrix.io.
Key Metrics
The numbers for our key metrics, which include our total active users (TAU), total paying users (TPU), average membership and top-up streaming service revenue per active user (ARPU), and average membership and top-up streaming service revenue per paying user (ARPPU), are calculated using internal company data based on the activity of user accounts. We define an active user as a user who has downloaded and opened the FlexTV app at least once. We define a paying user as a user who has registered for a membership or has topped up, provided a method of payment, and is entitled to access FlexTV services (this membership or topping up does not include participation in free trials or other promotional offers extended by FlexTV to new users). We define ARPU as average membership and top-up streaming services revenue generated by each active user in one quarter. We define ARPPU as average membership and top-up streaming services revenue generated by each paying user in one quarter. We use these metrics to assess the growth and health of the overall business and believe that ARPU best reflects our ability to attract, retain, engage and monetize our users, and thereby drive revenue. While these numbers are based on what we believe to be reasonable estimates of our user base for the applicable period of measurement, there are inherent challenges in measuring usage of our products across large online and mobile populations around the world. In addition, we are continually seeking to improve our estimates of our user base, and such estimates may change due to improvements or changes in technology or our methodology.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company’s profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company’s future results of operations are subject to additional risks and uncertainties set forth under the heading "Risk Factors" in documents filed by the Company with the Securities and Exchange Commission ("SEC"), including the Company’s latest annual report on Form 10-K, as amended, filed with the SEC on August 19, 2024, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company’s inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company’s assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.
Disclosure Channels
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The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.
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