Mega Matrix shares fall 12.07% in premarket after FlexTV platform announcement.

Mega Matrix Inc. plunged 12.07% in premarket trading, following the announcement of its FlexTV streaming platform, which offers membership and recharge streaming services, supporting multi-country subscription users to watch short dramas and complete daily tasks to earn tokens, using a content pay model. The company also utilizes AI technology to establish an intelligent script library, automated translation system, and content production knowledge base, completing 15 language subtitles and content production within 22 hours, enhancing global short drama deployment efficiency and data-driven decision-making.