SINGAPORE, Nov. 19, 2024 /PRNewswire/ -- Mega Matrix Inc. ("MPU" or the "Company") (NYSE American: MPU), today announced that the English version of the emotional short drama When My Son Choose His Wife is now available on FlexTV, its world-leading short drama streaming platform. Set against the glamorous backdrop of a wealthy family, a meticulously planned wedding unveils hidden truths beneath the surface.
Hazel, a prominent business magnate in Jiangcheng, postpones her medical treatment for her son Evan's wedding, only to be drawn into an elaborate scheme orchestrated by her future daughter-in-law, Layla. Mistaking Hazel as a threat to her marriage, Layla publicly confronts her during the wedding, leaving Hazel humiliated. Swayed by Layla's sweet words, Evan misunderstands his mother deeply, causing their relationship to deteriorate to an all-time low.
As Hazel's health worsens, she longs for her son's understanding and support but is met with Evan's indifference. Manipulated by Layla, Evan continually disappoints Hazel until she decides to sever ties with her son and cut off his financial support. Stripped of his wealthy status, Evan finally sees Layla's true colors and regrets his actions.
MPU operates the world's leading short drama streaming platform FlexTV, currently distributing short drama content to over 100 countries worldwide, covering multiple language versions such as English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. It has won the favor of audiences around the world with its high-quality short dramas and excellent user experience. The English version of When My Son Choose His Wife premiered on November 19, exploring profound themes of family, love, and humanity. This gripping drama delves into love and pain, trust and betrayal, where every choice shapes destinies. To discover more exciting series, please visit https://www.flextv.cc/.
#Family #Relationships #Wealth #ShortDrama #FlexTV #MPU
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 info@megamatrix.io 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
We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:
X (f/k/a Twitter):
twitter.com/MegaMatrixMPU
Facebook:
facebook.com/megamatrixmpu
facebook.com/flextvus
LinkedIn:
linkedin.com/company/megamatrixmpu
TikTok:
tiktok.com/@flextv_english
YouTube:
youtube.com/@FlexTV_English
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.
For inquiries, please contact: Info@megamatrix.io
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Mega Matrix Announced that the English Version of Short Drama "When My Son Choose His Wife" Premiered on FlexTV on November 19
HONG KONG, Nov. 19, 2024 /PRNewswire/ -- The 2024 Weibo Brand Impact Summit, held on November 13, brought together industry leaders, corporate representatives, and brand managers to discuss emerging trends in social media marketing and explore innovative solutions for local brands in the Greater Bay Area. Under the theme "Activating Business Potential in the Greater Bay Area," the event highlighted the region's vibrant market opportunities and the critical role of social media in brand development. The discussions promised to pave the way for sustained, quality growth in brand effectiveness, ensuring a robust future for regional brands.
Economic Growth and Market Challenges in the Greater Bay Area
The Guangdong-Hong Kong-Macao Greater Bay Area (GBA), known for its robust economic growth and as a focal point for Chinese brands aiming to go global, has seen its economy exceed RMB 14 trillion (approximately US$ 1.94 trillion) in 2023. With projections of over 5% growth in 2024, the area continues to demonstrate its immense growth potential.
The GBA acts as both a gateway connecting China with the global market and a stage for Chinese brands to display their cultural and strategic prowess. This strategic positioning offers vast opportunities for brands to flex their strengths, though it also brings unprecedented challenges.
On one hand, the consumer demographic is evolving, with significant shifts in consumption preferences and habits. This raises the question: how can brands effectively engage with the younger generation of consumers? On the other hand, the fragmentation of channels and the dispersion of attention pose another challenge - how can brands leverage social media effectively to maintain a consistent presence and voice in this complex landscape?
Weibo's Influence: Connecting Brands with Consumers
As brands navigate this dynamic market landscape, Weibo's influence in connecting brands with consumers has been a major topic, with Senior Vice President of Weibo Marketing Jingdong Ge discussing how the platform has become integral to marketing strategies that resonate with the youngest and most active online communities. "Weibo marketing is essentially marketing through trending topics," said Ge.
Today, the popular social platform serves not only as a channel for information dissemination but also as a vibrant social network connecting hundreds of millions of users through shared emotions, opinions, and interests. The platform can rapidly amplify trending events, allowing brand narratives to resonate deeply with audiences. Each interaction on Weibo can provide an opportunity to forge emotional connections between brands and consumers.
Weibo functions as both the launchpad for buzzworthy events and a discussion aggregator, with its trending searches often seen as indicators of hot topics. Yan Kong, Director of Weibo Marketing Operations, describes the platform as a mirror of contemporary culture, particularly appealing to the youngest and most active users. In today's digital age, Weibo's strategic relevance is underscored by its ability to engage users, its robust communicative capabilities, and its significant impact on the digital ecosystem.
Weibo's Strategic Role in the Global Market
In the current competitive landscape, brands face numerous hurdles, including dwindling follower counts, reduced visibility on social media platforms, content deficiencies, and stalled revenue growth. Wanlin Wang, Planning Manager of Weibo's Commercial Ecology Management Department, pointed out that addressing these challenges hinges on strategically accumulating and leveraging a brand's social assets. He highlighted Weibo's role as a trailblazer in recognizing and leveraging these assets to enhance brand equity and market position.
Over the years, Weibo has established a formidable array of offerings through sustained collaboration with global agencies and brand owners. This has been achieved through relentless research and development and continuous enhancement of its services. MiuMan Fung, Channel Manager of Weibo Hong Kong, detailed how the platform offers robust, targeted, and comprehensive resource support for brands seeking to make inroads into the mainland market or connect with consumers in Hong Kong.
In today's era of global integration, brand competition within the GBA extends beyond the domestic consumer market to encompass the global stage. An increasing number of international brands are eager to tap into the opportunities presented by the GBA. Simultaneously, as a strategic frontline, the area is witnessing an inevitable trend of Chinese brands expanding internationally.
Against this backdrop, Jinfang Gu, General Manager of Weibo's Commercial Ecology Management Department, attended the meeting alongside several respected industry experts. They included Hao Shen, Professor of Marketing at the Chinese University of Hong Kong Business School; Annie NG, Co-Founder and Executive Director of Ding Sauce Foods; Li Ma, Brand Director of Guangdong Genius Technology Co., Ltd; and Dick Wei, Senior Advisor at Nan Fung Trinity (HK) Limited (NF Trinity). Together, these participants explored strategies to enhance brand power by fostering deeper emotional connections with consumers. They also discussed how to capitalize on emerging marketing and growth opportunities within this dynamic market.
The 2024 Weibo List of Influential Brands in the GBA Unveiled
Since the 1970s, the Lion Rock spirit has defined the cultural ethos of Hong Kong, embodying hard work, diligence, innovation, flexibility, and self-improvement. This spirit is not only a source of pride for its people but also shapes the business landscape, where local companies are celebrated for their adaptable business strategies, global perspective, and innovative mindset.
To foster stable and sustainable long-term partnerships with brands and organizations in the GBA, Weibo concluded the meeting by unveiling the 2024 Weibo List of Influential Brands in the GBA. The initiative aims to recognize and encourage partners demonstrating business potential, breakthrough innovation, emerging influence, and exceptional impact.
The GBA Influential Brands accolade exemplifies the spirit of innovation and social responsibility. It not only recognizes outstanding business practices but also aims to motivate companies across the Greater Bay Area to drive economic growth and foster social advancements both locally and globally.
The 2024 Weibo GBA Partners for Business Potential honor was awarded to the following companies: Nativex, Buzz PR & Company Ltd, Ace Access Consulting Limited, AsiaPac Net Media Ltd, Ridgetree International Limited, and IZEA.
The recipients of the 2024 Weibo GBA Influential Brands for Breakthrough Innovation accolade included: Link Asset Management Limited, VistaJet, Lisboeta Macau, Lingnan University, the Shenzhen Research Institute of Shanghai Jiao Tong University, Drinking Fun, Candymama, Mason Tang Photography, Merry Mary, Solutions Health Care Products & Services Limited, Kingfa Sci. & Tech. Co., Ltd, Guangdong Genius Technology, Sirius Cultural and Creative Planning, Ding Sauce Foods, and Excelsior College.
The 2024 Weibo GBA Emerging Influential Brands title was granted to the following entities: The University of Macau, M+, Games of the Future, Moon Shadow Lighting Technology (Guangdong) Co., Ltd., and the Federation of Hong Kong Brands.
The recipients of the 2024 Weibo GBA Influential Brands for Excellence distinction included: The Hong Kong Polytechnic University, Darry Ring, Macau Maia Technology Co., Ltd., Saudi Arabia's Royal Commission for Alula, Friendly Dog (Shanghai) Business Management Co., Ltd., Richard Mille, Hotmaxx, Air Macau, and Guangzhou Interest Island Information Technology Co., Ltd.
The summit not only reinforced industry connections across different regions and sectors but also sparked a rich exchange of ideas, providing valuable insights and broader perspectives for marketers. Looking ahead, Weibo is committed to continuing invigorating the advertising industry by uncovering more untapped potential.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
2024 Weibo Brand Impact Summit: Unlocking Business Potential in the Greater Bay Area
2024 Weibo Brand Impact Summit: Unlocking Business Potential in the Greater Bay Area
