SINGAPORE and ABU DHABI , UAE , Nov. 21, 2024 /PRNewswire/ -- Mega Matrix Inc. (NYSE American: MPU) today announced the signing of a memorandum of understanding ("MOU") with 9Yards Cinema Production ("9Yards Cinema Production"), a subsidiary of 9Yards Communications ("9Yards"), a fully integrated marketing and media agency headquartered in Abu Dhabi , UAE, to jointly establish an investment fund focused on the development of global short drama and pan-entertainment sector.
9Yards, part of NG9 Holding, is a 150-member agency and creative powerhouse, headquartered in the UAE capital, Abu Dhabi , and home to some of the world's best creative talents in the fields of advertising, public relations, digital, events, and multimedia production. NG9 Holding is a diversified holding company with interests across multiple industry sectors, including tourism and hospitality, energy, real estate, AI, aviation, alternative investments, technology, and healthcare. The MOU provides for a joint-venture for the purpose of establishing a USD100 million investment fund that aims to support acquisitions, capture global investment opportunities, and promote the development of the pan-entertainment sector, including short dramas production and distribution network worldwide.
The proposed joint venture will establish a wholly owned company to serve as the general partner to manage the investment fund, overseeing the execution and production of the fund's investments, and ensuring the successful impl.