Prnewswire·2025-04-21 12:00Core Viewpoint - Mega Matrix Inc. (MPU) has signed a Memorandum of Understanding (MOU) with Interactive Films LLC, a subsidiary of Snail Games, to collaborate on the development, production, and global distribution of short dramas, aiming to enhance their presence in the entertainment industry [1][2][4]. Company Overview - Mega Matrix Inc. operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary Yuder Pte. Ltd. [7] - Snail Games is a leading global independent developer and publisher of interactive digital entertainment, with a portfolio of premium games across various platforms [3][8]. Market Potential - The global mini-program short drama market is projected to grow from USD 5.66 billion in 2024 to USD 25.68 billion by 2032, reflecting a strong compound annual growth rate (CAGR) of 20.81% [4]. - North America is expected to generate USD 1.89 billion in revenue in 2024 for short-form content, driven by the rapid adoption of streaming services [4]. Collaboration Details - The MOU is non-binding and aims to explore co-development of a pipeline of short dramas, leveraging both companies' strengths in content creation and technology [5][6]. - MPU will oversee outsourced production and post-production to ensure high-quality content, while Snail Games will integrate its expertise in AI and interactive technologies into the storytelling process [4][6]. Strategic Importance - This partnership is a significant step for MPU in expanding its content portfolio and strengthening its position in the global short-drama industry [2][6]. - The collaboration is expected to accelerate Snail Games' entry into the short drama market and provide audiences with a diverse selection of high-quality content [6].