Company Announcements

PALO ALTO, Calif., April 04, 2024 (GLOBE NEWSWIRE) -- Mega Matrix Corp. (“Company”) (NYSE American: MPU) is pleased to announce the successful completion of Investor Day event. The media, Grit Daily and Smartech published articles, after attending our Investor Day, spotlighting FlexTV as an innovator in the entertainment industry. FlexTV is operated by Yuder Pte, Ltd., an indirect majority-controlled subsidiary of us.

Grit Daily

“Transforming Screen Time: How FlexTV and Short-Form Content Are Redefining Streaming”

The report believes that FlexTV is redefining the streaming platform. According to the article, the streaming industry's market share is $544 billion, with forecasts indicating it will reach $19.02 trillion by 2030, demonstrating a paradigm shift in content consumption. Even within this industry, a revolution is occurring, with traditional movies and TV facing a strong opponent: short-form content.

FlexTV has identified this market and entered decisively. This is because there has been a significant change in viewers' habits, shifting from long videos to short videos of a few minutes or 30 minutes. Additionally, there has been a change in the way content is delivered.

Modern audiences have increasingly shorter attention spans and prefer multitasking, a change that is profound. This shift has given platforms like FlexTV the opportunity to focus on fast-paced content and emotional impact.

The article link is: https://gritdaily.com/how-flextv-short-form-content-redefining-streaming/

Smartech Daily

“Bridging Worlds: How FlexTV is Globalizing Short-Form Content in the Streaming Era”

Streaming media is considered the only continuously growing industry in the entertainment industry, with multiple platforms competing to become leaders. In capturing viewers' attention, short-form video content is becoming a significant player. YouTube Shorts and TikTok have defined this trend, attracting millions of users.

FlexTV, which integrates streaming media and short content, has found a new market space by turning user-created short content into professional content, utilizing AI, data analysis, and other professional methods to create high-quality content that users love.

You can find the article link here:https://smartechdaily.com/how-flextv-is-globalizing-short-form-content/ (https://smartechdaily.com/how-flextv-is-globalizing-short-form-content/)

The Company CEO, Yucheng Hu said, “These articles provide a comprehensive and thorough analysis of FlexTV, enabling readers to clearly understand what products we offer, as well as our business model and technological innovations. MPU will continue to work hard to attract more viewers and gain more market share.”

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.

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, including the Company's latest annual report on Form 10-K, 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.

Contact:

Info@megamatrix.io