Core Viewpoint - Mega Matrix Inc. and 9Yards Cinema Production have established a joint venture to create a USD 100 million investment fund aimed at producing short dramas for TV and film [1][3]. Group 1: Joint Venture Details - The joint venture will be based in Abu Dhabi Global Market (ADGM), which is the international financial center of the UAE capital [2]. - Key executives from both companies attended the signing ceremony, including CEOs and other senior management [2]. Group 2: Investment Fund Objectives - The fund aims to leverage the combined strengths of both partners to support acquisitions and seize global investment opportunities in the pan-entertainment sector, particularly in short drama production [3]. - There is a growing focus on projects related to the application of AI in short drama production [3]. Group 3: Company Backgrounds - 9Yards Cinema Productions is a subsidiary of 9Yards Communications, which is part of NG9 Holding, and operates as a multimedia and cinema production company with a global network [4][5]. - Mega Matrix Inc. operates FlexTV, a short-video streaming platform and producer of short dramas, and is headquartered in Singapore [8].
Mega Matrix Inc. and 9 Yards Cinema Production established JV ahead of $100M 'Short Drama Investment Fund' launch