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ABU DHABI - Mega Matrix Inc. (NYSE American: MPU), a $21 million market cap company with a healthy current ratio of 2.67, and 9Yards Cinema Production have established a joint venture to launch a $100 million investment fund aimed at producing short dramas for television and film. The joint venture, announced earlier this week, will be based in Abu Dhabi Global Market, the international financial center of the United Arab Emirates.
The partnership between the two companies is expected to leverage their combined expertise to support acquisitions and capitalize on global investment opportunities, particularly in the short drama production sector and the expanding use of artificial intelligence in such projects. According to InvestingPro data, Mega Matrix generated $26 million in revenue over the last twelve months, maintaining strong liquidity with cash holdings exceeding debt obligations.
9Yards Cinema Production, a subsidiary of 9Yards Communications and part of NG9 Holding, operates across a wide range of media and marketing services, including event management and digital media services. It has a strategic and creative hub in London and a network that extends from North America and Europe to Asia.
Mega Matrix Inc., headquartered in Singapore, operates FlexTV, a short-video streaming platform, through its subsidiary Yuder Pte, Ltd. The company is looking to accelerate its expansion into emerging markets, particularly in the Middle East and North Africa region, by leveraging the strategic location of ADGM.
The CEOs of both companies, Hussam Almulhem of 9Yards and Yucheng Hu of MPU, highlighted the joint venture as a pivotal step in their global pan-entertainment strategies, emphasizing the benefits of standardized production processes and streamlined global distribution.
This initiative marks a significant move into the entertainment sector for both companies and is based on a press release statement. The joint venture aligns with the broader industry trend of media companies seeking partnerships to diversify and strengthen their production capabilities in the competitive global market. While MPU’s stock has faced challenges, declining over 70% in the past year, InvestingPro analysis suggests the company is currently undervalued, with 12 additional exclusive insights available to subscribers, including detailed financial health metrics and growth projections.
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