{"id":839319,"date":"2025-04-21T08:12:59","date_gmt":"2025-04-21T12:12:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/snail-games-subsidiary-interactive-films-llc-signs-mou-with-mega-matrix-inc-nyse-american-mpu-for-joint-short-drama-development\/"},"modified":"2025-04-21T08:12:59","modified_gmt":"2025-04-21T12:12:59","slug":"snail-games-subsidiary-interactive-films-llc-signs-mou-with-mega-matrix-inc-nyse-american-mpu-for-joint-short-drama-development","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/snail-games-subsidiary-interactive-films-llc-signs-mou-with-mega-matrix-inc-nyse-american-mpu-for-joint-short-drama-development\/","title":{"rendered":"Snail Games Subsidiary Interactive Films LLC Signs MOU with Mega Matrix Inc. (NYSE American: MPU) for Joint Short-Drama Development"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">CULVER CITY, Calif., April  21, 2025  (GLOBE NEWSWIRE) &#8212; <strong>Snail, Inc. (Nasdaq: SNAL) (\u201cSnail Games\u201d or the \u201cCompany\u201d),<\/strong> a leading global independent developer and publisher of interactive digital entertainment, announced that its wholly owned subsidiary, Interactive Films LLC (\u201cInteractive Films\u201d), has signed a Memorandum of Understanding (MOU) with Mega Matrix Inc. (NYSE American: MPU). Under this MOU, both parties will leverage their respective strengths to establish a comprehensive collaboration framework for the joint development, production, and global distribution of short dramas, further enhancing their presence in the entertainment industry.<\/p>\n<p align=\"justify\">Mr. Hai Shi, Chairman and Co-CEO of Snail Games, commented, \u201cToday\u2019s announcement represents a strategic step forward in advancing Interactive Films\u2019 short-drama business line and expanding our growing portfolio of original short dramas alongside MPU. According to WiseGuyReports<sup>1<\/sup>, the global mini program short drama market is expected to grow at a strong 20.81% CAGR to $25.68 billion by 2032. North America particularly is a key market for short-form content driven by the rapid adoption of streaming services and the growing presence of major industry players. This accelerated momentum and rising global appetite for short dramas presents a compelling opportunity for us to further diversify our content portfolio, deepen production capabilities, and capitalize on our unique strengths in artificial intelligence and immersive storytelling. With a shared vision, both parties look forward to leveraging its respective platforms and proprietary apps to deliver a slate of innovative short films to audiences worldwide.\u201d<\/p>\n<p align=\"justify\">Mr. Yucheng Hu, CEO of MPU, also commented, \u201cThis partnership marks an important step for MPU as we expand our content portfolio and strengthen our presence in the global short-drama industry. Short dramas are seeing increasing popularity, with audience demand for binge-worthy, serialized content on the rise. With Snail Games\u2019 expertise in artificial intelligence (AI) and immersive storytelling, combined with MPU\u2019s established production and distribution capabilities, we believe this collaboration has the potential to deliver compelling content that resonates with global audiences.\u201d<\/p>\n<p align=\"justify\">Under the MOU, Interactive Films and MPU will collaborate on the creative direction and script development of short dramas, jointly overseeing production progress and budgeting. The content will be distributed globally through both companies\u2019 platforms. Leveraging its experienced in-house team and extensive expertise in short-drama production, MPU will oversee outsourced production and post-production of the short drama to ensure high-quality content. Additionally, Snail Games\u2019 expertise in AI and interactive technologies, honed through game development, may be integrated into personalized recommendations and interactive storytelling, delivering a next-generation immersive viewing experience for audiences.<\/p>\n<p align=\"justify\">Over the next 12 months (unless the MOU is earlier terminated upon 60 days\u2019 written notice to the other party), Interactive Films and MPU have committed to co-developing at least 10 short dramas. By utilizing their well-established international distribution channels in gaming and micro-drama markets, the Company believes these productions will quickly reach audiences across North America, Southeast Asia, and other global regions, further amplifying both companies\u2019 influence in the global entertainment sector.<\/p>\n<p align=\"justify\">This strategic partnership marks a further expansion of Snail Games\u2019 short drama business and represents a significant milestone in MPU\u2019s expansion within the entertainment industry. Through this collaboration, both companies can combine their strengths in content creation and technology, while leveraging MPU\u2019s global distribution network to accelerate the global rollout of the short dramas. This collaboration is expected to accelerate Interactive Films\u2019 business and short film portfolios while providing audiences with a diverse selection of high-quality short dramas.<\/p>\n<p align=\"justify\">\n        <sup>1<\/sup>https:\/\/www.wiseguyreports.com\/reports\/mini-program-short-drama-market<\/p>\n<p align=\"justify\">\n        <strong>About Mega Matrix Inc.<\/strong>\u00a0<br \/>Mega Matrix Inc. (NYSE American:\u00a0MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd. Mega Matrix Inc. is a Cayman Island corporation headquartered in\u00a0Singapore.\u00a0For more information, please contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=k3sN7o3TDNL-_9ZUilHHF0WzffZUJCm-MgOE-yUcXexWwM3-Dx4kBD_SkLvkFyoiT8rs5j1UhF_89JprswjH431zSQ2GEWWjidtQ5AUMExI=\" rel=\"nofollow\" target=\"_blank\">info@megamatrix.io<\/a>\u00a0or visit:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=T8dRMKOqDa5PeQ-3rthE9NR7muZwM091fMqE_mp_HAA8zjPxCPU6Rzts6vuBfGjHPE0uh1_EaXleIthpemzeylL8s1GhbJm9bAOjmSSs9ds=\" rel=\"nofollow\" target=\"_blank\">http:\/\/www.megamatrix.io<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>About Snail Games<\/strong><br \/>\n        <br \/>Snail Games (Nasdaq: SNAL), is a leading, global independent developer and publisher of interactive\u00a0digital entertainment for consumers around the world, with a premier portfolio of premium\u00a0games designed for use on a variety of platforms, including consoles, PCs and mobile devices. For more information, please visit: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sPIOZsdgK06bR9oFcZHsj3MBRsyMBwJouk1Xn30Z5VHe3j6Ve5soNoEUiwaxMBHKLLHrDdUAV37f-crfFGHAWQ==\" rel=\"nofollow\" target=\"_blank\">https:\/\/snail.com\/<\/a><\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong><br \/>\n        <br \/>This press release contains statements that constitute forward-looking statements. Many of the\u00a0forward-looking statements contained in this press release can be identified by the use of\u00a0forward-looking words such as &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;could,&#8221; &#8220;expect,&#8221; &#8220;should,&#8221; &#8220;plan,&#8221; &#8220;intend,&#8221;\u00a0&#8220;may,&#8221; &#8220;predict,&#8221; &#8220;continue,&#8221; &#8220;estimate&#8221; and &#8220;potential,&#8221; or the negative of these terms or other\u00a0similar expressions. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding the respective strengths of Snail and MPU to establish a comprehensive collaboration framework for the joint development, production, and global distribution of short dramas; however, the MOU is not fully binding on either party and may be terminated upon 60 days\u2019 written notice to the other party. You should carefully\u00a0consider the risks and uncertainties described in the &#8220;Risk Factors&#8221; section of the Company&#8217;s\u00a0Annual Report on Form 10-K for the fiscal year ended\u00a0December 31, 2024, which was filed by\u00a0the Company with the SEC on\u00a0March 26, 2025\u00a0and other documents filed by the Company from\u00a0time to time with the SEC, including the Company&#8217;s Forms 10-Q filed with the SEC. The\u00a0Company does not undertake or accept any obligation to release publicly any updates or\u00a0revisions to any forward-looking statements to reflect any change in its expectations or any\u00a0change in events, conditions, or circumstances on which any such statement is based.<\/p>\n<p>\n        <strong>Contacts:<\/strong><\/p>\n<p>Investors:<br \/>John Yi and Steven Shinmachi<br \/>Gateway Group, Inc.<br \/>949-574-3860<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0T0DQ4NYpMzJPC0oCR2PHrm5QJ6JdDs3k8qIWbhVqOjfFp6V7FmsC4ug3gmxwg9pypPdzL43T8mWZyKXMXfJ4-ritKsoXcfeGNYpudfVdkk=\" rel=\"nofollow\" target=\"_blank\">SNAL@gateway-grp.com<\/a><\/p>\n<p>Press:<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hKUaWi8kLfdApx6y96ps0nm2votVK4JuNdnWwpy_HaWjMlBBYEsKUIoQU1nYwC6cpOOp6KPPiZUFTdy1fuFlIaZE3Sd1iMmcpcXYhgzGc0_e1OEtCXf7hbZ6fGxJwxG8\" rel=\"nofollow\" target=\"_blank\"><strong><u>press@snailgamesusa.com<\/u><\/strong><\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQzNTM1NSM2ODk1MDk2IzIyNDc5MDQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NmUzN2JkNjMtNmU0Yy00NGY5LTg0MjgtZDJhMmRmYmE0YTc0LTEyNTk0NTctMjAyNS0wNC0yMS1lbg==\/tiny\/Snail-Games-USA-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CULVER CITY, Calif., April 21, 2025 (GLOBE NEWSWIRE) &#8212; Snail, Inc. (Nasdaq: SNAL) (\u201cSnail Games\u201d or the \u201cCompany\u201d), a leading global independent developer and publisher of interactive digital entertainment, announced that its wholly owned subsidiary, Interactive Films LLC (\u201cInteractive Films\u201d), has signed a Memorandum of Understanding (MOU) with Mega Matrix Inc. (NYSE American: MPU). Under this MOU, both parties will leverage their respective strengths to establish a comprehensive collaboration framework for the joint development, production, and global distribution of short dramas, further enhancing their presence in the entertainment industry. Mr. Hai Shi, Chairman and Co-CEO of Snail Games, commented, \u201cToday\u2019s announcement represents a strategic step forward in advancing Interactive Films\u2019 short-drama business line and expanding our growing portfolio of original &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/snail-games-subsidiary-interactive-films-llc-signs-mou-with-mega-matrix-inc-nyse-american-mpu-for-joint-short-drama-development\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Snail Games Subsidiary Interactive Films LLC Signs MOU with Mega Matrix Inc. (NYSE American: MPU) for Joint Short-Drama Development&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-839319","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Snail Games Subsidiary Interactive Films LLC Signs MOU with Mega Matrix Inc. (NYSE American: MPU) for Joint Short-Drama Development - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/snail-games-subsidiary-interactive-films-llc-signs-mou-with-mega-matrix-inc-nyse-american-mpu-for-joint-short-drama-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Snail Games Subsidiary Interactive Films LLC Signs MOU with Mega Matrix Inc. (NYSE American: MPU) for Joint Short-Drama Development - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CULVER CITY, Calif., April 21, 2025 (GLOBE NEWSWIRE) &#8212; Snail, Inc. (Nasdaq: SNAL) (\u201cSnail Games\u201d or the \u201cCompany\u201d), a leading global independent developer and publisher of interactive digital entertainment, announced that its wholly owned subsidiary, Interactive Films LLC (\u201cInteractive Films\u201d), has signed a Memorandum of Understanding (MOU) with Mega Matrix Inc. (NYSE American: MPU). Under this MOU, both parties will leverage their respective strengths to establish a comprehensive collaboration framework for the joint development, production, and global distribution of short dramas, further enhancing their presence in the entertainment industry. Mr. Hai Shi, Chairman and Co-CEO of Snail Games, commented, \u201cToday\u2019s announcement represents a strategic step forward in advancing Interactive Films\u2019 short-drama business line and expanding our growing portfolio of original &hellip; Continue reading &quot;Snail Games Subsidiary Interactive Films LLC Signs MOU with Mega Matrix Inc. 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(Nasdaq: SNAL) (\u201cSnail Games\u201d or the \u201cCompany\u201d), a leading global independent developer and publisher of interactive digital entertainment, announced that its wholly owned subsidiary, Interactive Films LLC (\u201cInteractive Films\u201d), has signed a Memorandum of Understanding (MOU) with Mega Matrix Inc. (NYSE American: MPU). Under this MOU, both parties will leverage their respective strengths to establish a comprehensive collaboration framework for the joint development, production, and global distribution of short dramas, further enhancing their presence in the entertainment industry. Mr. Hai Shi, Chairman and Co-CEO of Snail Games, commented, \u201cToday\u2019s announcement represents a strategic step forward in advancing Interactive Films\u2019 short-drama business line and expanding our growing portfolio of original &hellip; Continue reading \"Snail Games Subsidiary Interactive Films LLC Signs MOU with Mega Matrix Inc. 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