Group 1 - Fox Entertainment has made a strategic investment in Holywater, an AI short drama company, to expand its creative content portfolio and audience reach [1][3] - Holywater, based in Ukraine, operates four core applications: My Drama, FreeBits, My Passion, and My Muse, focusing on short dramas and e-books [3] - As part of the agreement, Fox Entertainment Studios will produce over 200 vertical screen works for My Drama over the next two years, with initial projects including "Billionaire Blackmail" and "Bound by Obsession" currently in production [3] Group 2 - My Drama ranked first in the DataEye overseas short drama product rankings in September 2025, with a material investment volume of 202,000 sets [6] - The overseas short drama market is witnessing a wave of investment and mergers, with several companies, including StoReel and CreativeFitting, securing significant funding for content development [7] - The investment trend indicates a shift in the overseas short drama market from land-grabbing to a merger and acquisition phase, particularly with traditional media giants like Fox Entertainment entering the space [7][8] Group 3 - The competition in the overseas short drama market is intensifying, with a "burning money" strategy leading to the elimination of several micro-short drama apps [8] - Traditional media giants are recognizing the potential of micro-short dramas as an emerging sector, indicating a growing interest in this market [9] - The influx of capital and the competitive landscape suggest that the overseas short drama market is entering a new phase of investment and heightened competition [9]