New USD 100 mn ADGM-based drama fund: UAE-based 9YardsCommunication subsidiary 9Yards Cinema Production and FlexTV operator MegaMatrix agreed to set up a joint venture (JV) to establish a USD 100 mn investment fund dedicated to short drama productions in Abu Dhabi, according to a press release. The fund, based in ADGM, will support global acquisitions and investments focusing on short-form content and AI-driven productions.

What they said: The partnership “mitigates risks in cross-border collaborations, ensures standardized production processes, and streamlines global distribution,” Mega Matrix CEO Yucheng Hu said.

About the companies: Meta Matrix operates short-video streaming platform FlexTV, producing and distributing short dramas, including English and Thai dramas. 9Yards Cinema Production is headquartered in Abu Dhabi, with a strategic and creative hub in London, UK, opened in January this year, and an extensive partner network for talent, spanning North America and Europe to Asia, according to a separate press release.

Tags: