PALO ALTO, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- Reaching a remarkable $2 million USD in top-up fees within a week, the short drama 'Mr. Williams! Madame Is Dying' has captivated audiences. The production company behind this compelling piece, FlexTV, is now garnering public attention. Recently, an article from the MIT Technology Review was published, spotlighting the rise of short dramas, particularly highlighting FlexTV, which is operated by Yuder Pte, Ltd., an indirect majority-controlled subsidiary of Mega Matrix Corp., a company listed in NYSE American with the ticker symbol MPU.
The article admirably introduced and thoroughly analyzed the emerging market of short dramas, providing valuable insights into this innovative industry's potential. You can find the article here: https://www.technologyreview.com/2024/02/27/1088980/chinese-short-drama-tiktok-flextv/
Short dramas are new in the United States, and they offer a new form of streaming video entertainment tailored for mobile phone users. Short dramas aim to capture the essence of narratives within concise time frames, typically formatted vertically for optimal viewing on mobile phones, ranging from 1 to 3 minutes per episode. Each episode seamlessly integrates into a series, where complete story-lines unfold across 40 to over 100 episodes. FlexTV's business model combines top-up fees and subscription fees. Initially, they offer the first 10 episodes for free viewing. If viewers become engaged, they can choose to pay for access to the subsequent episodes or opt for monthly subscription fees.
Yucheng Hu, the CEO of Mega Matrix Corp., shared his thoughts, stating, "The article in MIT Technology Review provides invaluable insights into the burgeoning market of short dramas, shedding light on its rapid growth and promising future. The only aspect I'd like to add is that while the article used the term 'short soap opera,' short dramas actually transcend traditional soap opera formats, embracing a multitude of genres commonly found in feature-length films. Short Drama may indeed a future trend.”
About Mega Matrix: Mega Matrix Corp. (NYSE AMEX: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd., an indirect majority-controlled subsidiary of Mega Matrix. Mega Matrix is a Delaware corporation headquartered in Palo Alto, CA. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.
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Contact: Info@megamatrix.io
