Mega Matrix Inc. and 9 Yards Cinema Production establish JV ahead of $100M ‘Short Drama Investment Fund’ launch
Held at a grand signing ceremony in Guangzhou, China, earlier this week, Mega Matrix Inc. “MPU” (NYSE American: MPU) and 9Yards Cinema Production (9Yards) have announced the signing of a joint venture (JV) that will see the establishment of a USD100 million investment fund dedicated to the production of short drama for TV or film.
Attended by key executives from both partners, Hussam Almulhem, CEO of 9Yards, was joined by MPU’s CEO, Yucheng Hu, along with 9Yards’ Deputy CEO, Omar Sarieddine, MPU’s CFO, Carol Wang, and the VP of Operations for FlexTV, Tang Jian.
With the MoU signing marking the official establishment of their strategic partnership. under this agreement the two parties will jointly establish and manage the JV, which will be based in Abu Dhabi Global Market (ADGM) – the international financial center of the UAE capital.
The launch of the USD100 million short drama investment fund intends to leverage each of the partners’ combined strengths, with the aim of supporting acquisitions and seizing global investment opportunities, so as to foster growth in the pan-entertainment sector, particularly in short drama production and, increasingly, projects related to the application of AI in short drama.
9Yards Cinema Productions, a subsidiary of 9Yards Communications, itself part of NG9 Holding (NG9), is a fully multimedia and cinema production company that brings together creative talent from its international network of offices. This includes a strategic and creative hub in London, UK, opened in January this year, as well as its partner network, which stretches from North America and Europe to Asia.
9Yards Communications provides a wide range of services including integrated marketing strategies, event management, public relations, digital media services, along with multimedia and cinematic production capabilities. 9Yards is a key component within NG9 – a diversified industry sector holding company with business interests in energy, real estate, alternative investments, technology and AI, aviation, maritime, and healthcare sectors.
Commenting on today’s signing, CEO of 9Yards, Hussam Almulhem, said: “Today’s agreement allows us to clearly define the rights and obligations of both parties within the joint venture, outlining a clear framework and operational procedures to ensure the fund’s smooth establishment and efficient management.
“Undoubtedly, this will lay a solid foundation for deeper engagement in the short drama and pan-entertainment industries – in the MENA region and internationally.”
CEO of MPU, Yucheng Hu, added: “This signing marks a pivotal step in MPU’s global pan-entertainment strategy, as the joint venture model mitigates risks in cross-border collaborations, ensures standardized production processes, and streamlines global distribution.
“Leveraging ADGM’s strategic location, MPU aims to accelerate its expansion into emerging markets across the Middle East and North Africa (MENA), further strengthening our presence on the global landscape.”
