PRODUCT RESEARCH
FlexTV
This research note is kept separate from the app profile so the main page stays focused on ranking data.
One-line positioning
FlexTV is a vertical micro-drama streaming platform operated by Yuder Pte. Ltd. of Singapore and now wholly owned by NYSE American-listed Mega Matrix Corp. (ticker MPU). It combines original English and Thai dramas with multi-language dubbed content and monetizes through a paid model of free preview episodes, VIP subscriptions, and per-episode coin unlocks, reaching users in more than 100 countries with a focus on North America, Europe, and Southeast Asia.
Product & company
Store listings and the privacy policy identify Yuder Pte. Ltd. (Singapore) as the overseas publisher and operating entity for FlexTV; through FunVerse Holding Limited (British Virgin Islands), Yuder is 100% owned by NYSE American-listed Mega Matrix Corp. (ticker MPU, incorporated in the Cayman Islands). Multiple public reports (36Kr, NetEase, Ifeng) and the Aiqicha brand profile list FlexTV as a product of Guangzhou Anyue Network Technology Co., Ltd., and the app package prefixes 'ay' (com.aykj / com.aytech) align with the 'Anyue' pinyin; however, direct equity linkage between Guangzhou Anyue and Yuder / Mega Matrix is not yet visible in public registry records. We therefore mark the relationship as related but still subject to further verification.
Business model & format
FlexTV uses a paid model: the app is free to download, and revenue is driven by in-app purchases. It offers weekly, monthly, and annual VIP subscriptions (e.g., Weekly VIP USD 29.99, Monthly VIP USD 49.99, Annual VIP USD 199.99) and consumable coin unlocks for per-episode access (one-time purchases from USD 4.99 to USD 29.99), typically with the first episodes free and later episodes paywalled. The privacy policy shows third-party advertising and attribution SDKs with personalized ads, but the app markets an ad-free viewing experience, so advertising is not a core revenue stream and the model is subscription- and coin-led.
Growth & market
Public records show FlexTV reaches more than 100 countries in 15 languages and, in 2024, ranked Top 3 / Top 2 on the Indonesia and Thailand App Store entertainment free charts. Third-party estimates put Google Play installs above 5 million, iOS monthly downloads around 100K, and iOS monthly revenue in the roughly USD 400K range; company disclosures in 2024 cited over 1 million monthly active users and over USD 1 million in monthly top-ups. The content library stood at about 420 short dramas (334 released) as of November 2024. User acquisition relies on app stores and social-media performance buying (Meta, TikTok, Google), though no FlexTV-specific buy-side data is public, making buy-side efficiency and retention key variables for continued growth.
Risks & watchpoints
Entity relationship pending verification: direct equity linkage between Guangzhou Anyue Network Technology Co., Ltd. and Yuder Pte. Ltd. / Mega Matrix is not shown in public registry records, so the link is marked with caution and kept subject to verification. Jurisdiction discrepancy: Mega Matrix's SEC filings describe a Cayman Islands incorporation with a Singapore hub, while some press releases cite Delaware / Palo Alto, so the definitive domicile should follow the latest annual report. Advertising discrepancy: the App Store copy promotes an ad-free experience while the privacy policy includes third-party ad SDKs, so disclosure consistency warrants attention. The app is rated 12+/13+, and some markets may be restricted by content review; scale is below the leading products, so buy-side efficiency and retention should be watched.