Mega Matrix Announces FlexTV's Surge to Top 7 on the App Store's Entertainment Chart (Free Apps, France) as of July 31, 2024
Rhea-AI Summary
Mega Matrix Corp. (NYSE American: MPU) announced that its short drama streaming platform, FlexTV, has achieved a significant milestone by ranking No. 7 on the App Store Entertainment Chart (Free Apps) in France as of July 31, 2024. This achievement highlights FlexTV's growing popularity in the European market and demonstrates MPU's global operational capabilities.
FlexTV, operated by MPU through Yuder Pte. , distributes short drama content to over 100 countries worldwide in six language versions: English, Japanese, Korean, Portuguese, Spanish, and Arabic. The platform offers a diverse range of high-quality original short dramas across various genres, including modern stories, thrillers, comedies, and more. FlexTV's success in France, a highly competitive app market, underscores its appeal to international audiences and its commitment to enhancing user experience and expanding its content library.
Positive
- FlexTV ranked No. 7 on the App Store Entertainment Chart (Free Apps) in France
- FlexTV distributes content to over 100 countries worldwide
- Platform available in six language versions
- Offers a diverse range of high-quality original short dramas
Negative
- None.
News Market Reaction – MPU
On the day this news was published, MPU gained 4.95%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The strong performance in the European market showcases the MPU and FlexTV team's operational capabilities on a global scale, demonstrating their strategic insight and execution capabilities in understanding and adapting to market demands across different regions.
FlexTV is committed to continually enhancing user experience and expanding its content library to bring more exciting original short drama content to global audiences. The entertainment app rankings on the App Store are based on factors such as download numbers, user reviews, and overall engagement. Achieving 7th place underscores FlexTV's popularity in one of
MPU operates the world's leading short drama streaming platform FlexTV through Yuder Pte. ltd, currently distributing short drama content to over 100 countries worldwide, covering six language versions including English, Japanese, Korean, Portuguese, Spanish, and Arabic. The platform offers a rich variety of high-quality original short dramas, including modern, bossy presidents, revenge plots, thrillers, time travel, comedy, and other popular themes, allowing users to freely choose according to their personal preferences and enjoy high-definition and smooth streaming services anytime, and anywhere. For more exciting content, please visit https://www.flextv.cc/.
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
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 execute the strategic cooperation with TopReels, 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.
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.
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SOURCE Mega Matrix Corp.
FAQ
What ranking did FlexTV achieve on the App Store Entertainment Chart in France?
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