Mega Matrix and Snail Games Partner for AI-Enhanced Short Drama Production

Mega Matrix Subsidiary Yuder PTE. LTD. Signs MOU with Snail Games (Nasdaq: SNAL) for Joint Short-Drama Development - Snail (NASDAQ:SNAL), Mega Matrix (AMEX:MPU)

SINGAPORE, April 21, 2025 /PRNewswire/ -- Mega Matrix Inc. MPU announced that Yuder Pte. Ltd. ("Yuder"), a indirectly wholly owned subsidiary of it, has signed a Memorandum of Understanding (MOU) with Interactive Films LLC ("Interactive Films"), a subsidiary of Snail, Inc. SNAL ("Snail Games"), a leading global independent developer and publisher of interactive digital entertainment. Under this MOU, both parties will leverage their respective strengths to establish a comprehensive collaboration framework for the joint development, production, and global distribution of short dramas, further enhancing their presence in the entertainment industry. Mr. Yucheng Hu, CEO of MPU, also commented, "This partnership marks an important step for MPU as we expand our content portfolio and strengthen our presence in the global short-drama industry. Short dramas are seeing increasing popularity, with audience demand for binge-worthy, serialized content on the rise. With Snail Games' growing integration in artificial intelligence (AI) in its development pipeline and its track record of immersive, story-driven digital entertainment, combined with MPU's established production and distribution capabilities, we believe this collaboration has the potential to deliver engaging content that resonates with global audiences". Snail Games SNAL is a leading, global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs and mobile devices. Mr. Hai Shi, Chairman and Co-CEO of Snail Games, commented, "Today's announcement marks the official launch of our short-drama business. According to WiseGuyReports, the global mini-program short drama market is projected to expand from USD 5.66 billion in 2024 to USD 25.68 billion by 2032, reflecting a strong CAGR of 20.81%. North America, a key market for short-form content, is expected to generate USD 1.89 billion in revenue in 2024, driven by the rapid adoption of streaming services and the growing presence of major industry players. This upward trend underscores the increasing consumer demand for short-form video content, presenting a timely opportunity for our collaboration with MPU to deliver engaging short dramas to audiences worldwide." Under the non-binding, non-exclusive MOU, through Yuder and Interactive Film, MPU and Snail Games will explore collaboration on the creative direction and script development of short dramas, production and global distribution of short-form dramas. Leveraging its experienced in-house team and extensive expertise in short-drama production, MPU will oversee outsourced production and post-production to ensure high-quality content. Additionally, Snail Games' expertise in AI and interactive technologies, honed through game development, may be integrated into personalized recommendations and interactive storytelling, delivering a next-generation immersive viewing experience for audiences. Although the MOU is non-binding, it reflects the parties' shared intention to explore co-development of a pipeline of short dramas. By utilizing their well-established international distribution channels in gaming and micro-drama markets, these productions will quickly reach audiences across North America, Southeast Asia, and other global regions, further amplifying both companies' influence in the global entertainment sector. Under the terms of the MOU, the parties intend to enter into definitive agreement within 45 days. This strategic partnership marks a significant step of the short drama business for Snail Games and a significant milestone in MPU's expansion within the entertainment industry. By aligning with Snail Games, MPU can integrate both parties' strengths in content creation and technology while leveraging MPU' global distribution resources to accelerate the worldwide rollout of short dramas. This collaboration is expected to accelerate Snail Games' entry of the short drama market while providing audiences with a diverse selection of high-quality short dramas. 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. About Snail Games: Snail Games SNAL, is a leading, global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs and mobile devices. For more information, please visit: https://snail.com/ 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: that Yuder and Interactive Films will enter into definitive agreements; that the mini-program short drama market will continue to expand as anticipated; 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 20-F, filed with the SEC on March 28, 2025, 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: [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/mega-matrix-subsidiary-yuder-pte-ltd-signs-mou-with-snail-games-nasdaq-snal-for-joint-short-drama-development-302432279.html SOURCE Mega Matrix Inc. MPUMega Matrix Inc$0.8980-2.39%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentum11.22Growth-Quality-Value66.00Price TrendShortMediumLongOverviewSNALSnail Inc$1.075.94%Market News and Data brought to you by Benzinga APIs

Mega Matrix and Snail Games team up for short dramas By Investing.com

SINGAPORE - Mega Matrix Inc. (NYSE American: MPU), a $37.4 million market cap company currently trading at $0.92 per share, has announced a strategic partnership with Interactive Films LLC, a subsidiary of Snail, Inc. (Nasdaq: SNAL), to co-develop and distribute short dramas globally. According to InvestingPro analysis, the company maintains a strong financial position with more cash than debt on its balance sheet. The Memorandum of Understanding (MOU) signed by Yuder Pte. Ltd., a wholly owned subsidiary of Mega Matrix, and Interactive Films, aims to combine the strengths of both companies in the entertainment sector. Mr. Yucheng Hu, CEO of MPU, emphasized the increasing popularity of short dramas and the potential of this partnership to meet the rising demand for serialized content. Snail Games, known for its integration of artificial intelligence in game development, brings expertise in immersive storytelling to the collaboration. The MOU, while non-binding and non-exclusive, sets the stage for joint efforts in creative direction, script development, production, and distribution. MPU will manage outsourced production and post-production, ensuring high-quality content. With a current ratio of 2.78, InvestingPro data shows the company has ample liquidity to fund its operations, though it's worth noting the company is not yet profitable over the last twelve months. Snail Games' AI and interactive technology may enhance personalized recommendations and interactive storytelling, offering audiences an immersive viewing experience. Chairman and Co-CEO of Snail Games, Mr. Hai Shi, highlighted the growth potential of the short drama market, citing projections of a significant increase in market value by 2032, with North America being a key revenue driver. The partnership is poised to leverage international distribution channels in gaming and micro-drama markets, potentially amplifying both companies' influence in the entertainment industry. The parties intend to enter into definitive agreements within 45 days, marking a significant milestone in MPU's expansion and Snail Games' entry into the short drama business. Mega Matrix Inc. operates FlexTV, a short-video streaming platform, through its subsidiary Yuder Pte, Ltd., and is headquartered in Singapore. Snail Games is a global developer and publisher of interactive digital entertainment with a portfolio of premium games for various platforms. The collaboration is expected to accelerate the worldwide rollout of short dramas, catering to a growing audience demand for high-quality short-form content. Despite recent market volatility, with the stock showing a strong return over the last month, InvestingPro analysis suggests the stock may be undervalued at current levels. Subscribers can access 8 additional ProTips and comprehensive financial metrics to better evaluate MPU's growth potential. This news is based on a press release statement. In other recent news, Mega Matrix Inc. and 9Yards Cinema Production have announced a joint venture to create a $100 million investment fund. This fund is dedicated to producing short dramas for television and film. The collaboration will be based in the Abu Dhabi Global Market, a prominent international financial center in the UAE. The partnership aims to combine the expertise of both companies to support acquisitions and capitalize on global investment opportunities, particularly in the short drama production sector. This move is also focused on leveraging the expanding use of artificial intelligence in media projects. The CEOs of Mega Matrix and 9Yards have described the joint venture as a pivotal step in their global entertainment strategies. The initiative marks a significant expansion into the entertainment sector for both companies. The joint venture aligns with a broader industry trend of media companies seeking partnerships to enhance their production capabilities in a competitive market.