Mega Matrix Inc. and 9 Yards Cinema Production established JV ahead of $100M 'Short Drama Investment Fund' launch

, /PRNewswire/ -- At a grand signing ceremony earlier this week, Mega Matrix Inc. (NYSE American: MPU) and 9Yards Cinema Production (9Yards) announced the signing of a joint venture (JV) that will see the establishment of a USD100 million investment fund dedicated to the production of short dramas for TV or film.Attended by key executives from both partners, Hussam Almulhem, CEO of 9Yards, was joined by MPU's CEO, Yucheng Hu, along with 9Yards' Deputy CEO, Omar Sarieddine, MPU's CFO, Carol Wang, and the VP of Operations for FlexTV, Jian Tang. With the MoU signing marking the official establishment of their strategic partnership. under this agreement the two parties will jointly establish and manage the JV, which will be based in Abu Dhabi Global Market (ADGM) – the international financial center of the UAE capital. The launch of the USD100 million short drama investment fund intends to leverage each of the partners' combined strengths, with the aim of supporting acquisitions and seizing global investment opportunities, so as to foster growth in the pan-entertainment sector, particularly in short drama production and, increasingly, projects related to the application of AI in short drama.9Yards Cinema Productions, a subsidiary of 9Yards Communications, itself part of NG9 Holding (NG9), is a fully multimedia and cinema production company that brings together creative talent from its international network of offices. This includes a strategic and creative hub in London, UK, opened in January this year, as well as its partner network, which stretches from North America and Europe to Asia.9Yards Communications provides a wide range of services including integrated marketing strategies, event management, public relations, digital media services, along with multimedia and cinematic production capabilities. 9Yards is a key component within NG9 – a diversified industry sector holding company with business interests in energy, real estate, alternative investments, technology and AI, aviation, maritime, and healthcare sectors.Commenting on today's signing, CEO of 9Yards, Hussam Almulhem, said: "Today's agreement allows us to clearly define the rights and obligations of both parties within the joint venture, outlining a clear framework and operational procedures to ensure the fund's smooth establishment and efficient management."Undoubtedly, this will lay a solid foundation for deeper engagement in the short drama and pan-entertainment industries – in the MENA region and internationally."CEO of MPU, Yucheng Hu, added: "This signing marks a pivotal step in MPU's global pan-entertainment strategy, as the joint venture model mitigates risks in cross-border collaborations, ensures standardized production processes, and streamlines global distribution."Leveraging ADGM's strategic location, MPU aims to accelerate its expansion into emerging markets across the Middle East and North Africa (MENA), further strengthening our presence on the global landscape."About 9Yards Cinema Production: 9Yards Cinema Production is a subsidiary of 9Yards Communications, a fully integrated media and marketing agency headquartered in Abu Dhabi, United Arab Emirates. Established in 2017, the agency has rapidly grown into a creative powerhouse, offering a wide array of services designed to elevate brands and foster meaningful connections with their audiences with a focus on multimedia production. For more information, please visit: https://9yardscomms.com.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 its subsidiary, Yuder Pte, Ltd. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact [email protected] or visit: http://www.megamatrix.io.Forward-Looking StatementsThis 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 execute the strategic cooperation with TopReels, ability to obtain additional financing in the future to fund capital expenditures; ability to establish the investment fund with 9Yards Communications under the memorandum of understanding; 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 "Risk Factors" in documents filed by the Company's predecessor, Mega Matrix Corp., with the Securities and Exchange Commission, including the Company's latest annual report on Form 10-K, as amended, 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 ChannelsWe 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: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.SOURCE Mega Matrix Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Mega Matrix Inc. and 9 Yards Cinema Production established JV ahead of $100M 'Short Drama Investment Fund' launch

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