PALO ALTO,Calif.,Aug. 21,2024 -- Mega Matrix Corp. ("MPU" or the "Company") (NYSE American: MPU),today announced that it launched its highly anticipated short drama "The Billionaire's Rescue" on August 21st at FlexTV. In this short drama,we not only witness a touching love story,but also feel the warm moments in life,those sudden moments of redemption when you are most helpless,those unwavering support when you are most confused. The story seems to be interpreting that there is that one shining moment in everyone's life,that special someone who will come for you.

Emily is a college student who has not been able to focus on academic life. Because she must rely on part-time jobs to arduously support her studies. Luke,as the heir of his family,possesses wealth,status,and power. The coincidence of fate brought him to Emily's most helpless moment,and he decided to protect this girl whose life trajectory was completely different from his own. Luke's blatant favoritism and concrete actions have fulfilled his promise to Emily,giving her a long-awaited sense of security. Although Emily felt inferior due to the gap between the two,Luke's sincerity shattered her defenses and gradually made her accept this cross-class love…

In "The Billionaire's Rescue",the director intricately crafts this love story with a unique filming style. When presenting Emily's predicament,he employs a realistic approach,using exaggerated lighting and camera techniques to highlight her hardships and evoke a strong emotional response from the audience. With Luke's entrance,the tone of the narrative shifts noticeably. The director skillfully uses soft and romantic visual effects,along with slow-motion,close-up,and telephoto shots,to present the romance between the two characters in a dreamlike manner,imbuing the love story with a captivating quality.

MPU operates the world's leading short drama streaming platform FlexTV through Yuder Pte. Ltd.,its indirect majority-controlled subsidiary,currently distributing short drama content to over 100 countries worldwide,covering multiple language versions such as English,Japanese,Korean,Portuguese,Spanish,Frenchand Arabic. It has won the favor of audiences around the world with its high-quality short dramas and excellent user experience. "The Billionaire's Rescue" was released on FlexTV on August 21. In an era of rampant materialism,people inevitably question whether love can truly take root and flourish between two individuals from vastly different social classes,shining with genuine brilliance. How can it transcend the constraints of reality to reveal its purest form? Against this backdrop,Emily and Luke's story presents a heartfelt and moving portrayal of love. Their actions demonstrate that love is not just about sweet words,but also about standing by each other through the most challenging times.For more exciting content,please visit https://www.flextv.cc/.

#Romance# #Short Drama# #FlexTV# #MPU#

About Mega Matrix:Mega Matrix Corp. (NYSE AMEX: MPU) is a holding company and operates FlexTV,a short-video streaming platform and producer of short dramas,through Yuder Pte,Ltd.,an indirect majority-controlled subsidiary of Mega Matrix. Mega Matrix is a Delaware corporation headquartered in Palo Alto,CA. For more information,please contact info@megamatrix.io or visit:http://www.megamatrix.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release,the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance,conditions or results,and involve a number of known and unknown risks,uncertainties,assumptions and other important factors,many of which are outside the Company's control,that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors,among others,are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to execute the strategic cooperation with TopReels,ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company's profitability; litigation involving patents,intellectual property,and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; ; the possibility that the Company may not succeed in developing its new lines of businesses due to,among other things,changes in the business environment,competition,changes in regulation,or other economic and policy factors; and the possibility that the Company's new lines of business may be adversely affected by other economic,business,and/or competitive factors. The forward-looking statements in this press release and the Company's future results of operations are subject to additional risks and uncertainties set forth under the heading "Risk Factors" in documents filed by the Company with the Securities and Exchange Commission,including the Company's latest annual report on Form 10-K,and are based on information available to the Company on the date hereof. In addition,such risks and uncertainties include the Company's inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company's assets. The Company undertakes no obligation to update or revise any forward-looking statements,whether as a result of new information,future events or otherwise,except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements,which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

X (f/k/a Twitter):

twitter.com/MegaMatrixMPU

Facebook:

facebook.com/megamatrixmpu

facebook.com/flextvus

LinkedIn:

linkedin.com/company/megamatrixmpu

TikTok:

tiktok.com/@flextv_english

YouTube:

youtube.com/@FlexTV_English

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly,investors should monitor these social media channels in addition to following our website,press releases,SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.