Through Yuder, FunVerse now operates FlexTV, a short drama streaming platform based in
Management Commentary
Mr.
FlexTV’s expertise in producing English and Thai dramas, combined with our expanded resources, sets the stage for a transformative impact on the market. This year is all about leveraging our strengths to not just meet but exceed business and artistic aspirations.
We are deeply committed to this vision and believe that this acquisition is a pivotal step towards reshaping the media landscape and generating robust returns for our shareholders."
About Mega Matrix:
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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 occurrence of any event, change or other circumstances that could affect the Company’s ability to continue successful development of its digital assets staking business model; 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
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MEGA MATRIX CORP. ANNOUCED THAT IT HAS SUCCESSFULLY CLOSED THE ACQUISITION OF 60% OF THE PARENT OF FLEXTV, A SHORT DRAMA STREAMING PLATFORM
The interface of FlexTV app we acquired.
2024 GlobeNewswire, Inc., source