In the after-market session on Friday, Mega Matrix Corp. (NYSE: MPU) witnessed a commendable recovery, with its stock surging by 3.24% to reach $3.19. This positive movement helped the company partially offset the 16.49% loss incurred during the regular session, ultimately closing at $3.09. The notable uptick in MPU stock was attributed to a recent strategic expansion move.
Mega Matrix (MPU) announced that its short drama streaming platform, FlexTV, has secured a coveted position among the top ten in the Apple App Store Entertainment Top Charts (Free Apps, U.S.). This achievement, reported as of January 21, 2024, places MPU just four spots behind industry giant Netflix.
The recognition signifies a noteworthy milestone for FlexTV, highlighting its increasing influence in the burgeoning realm of short drama streaming services. FlexTV’s ascent to the top ten free entertainment apps on the Apple App Store underscores the platform’s popularity and strong user engagement.
MPU has consistently gained momentum in the dynamic landscape of digital entertainment. As of the early morning of January 21, 2024, FlexTV held its place among the most downloaded and highly-rated free apps in the Apple App Store’s entertainment category (U.S.).
FlexTV’s standing was alongside prominent names such as TikTok, Netflix, Amazon Prime Video, Peacock TV, Max (HBO), Hulu, YouTube TV, Roku, and others. This remarkable feat is not only a triumph for MPU but also mirrors the evolving preferences of consumers in the ever-changing world of online streaming.
FlexTV, renowned for its innovative short drama content and user-friendly interface, has evidently resonated with audiences, propelling it to the upper echelons of the Apple App Store. The platform’s success can be attributed to its diverse content library, user customization features, and responsive customer support.
Industry analysts are closely monitoring the rapid development of short drama, recognizing its potential ripple effects on the overall streaming landscape. FlexTV was holding the eighth position in the Apple App Store’s entertainment category, solidifying its status as a significant player in the digital entertainment space.
