Global Mofy Metaverse Limited Sets Up Subsidiary in California, USA to Expand Global Presence and Venture into Hollywood’s Digital Entertainment Market

Beijing, CHINA, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Global Mofy Metaverse Limited (the "Company" or “Global Mofy Metaverse”) (NASDAQ: GMM), a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry, today announced the registration of its subsidiary, Global Mofy Technology LLC, in California, the United States, aiming to expand its virtual content production business overseas, and to delve into the overseas short drama markets.

This strategic decision aligns with the Company's global business strategy. Global Mofy Metaverse has been devoted to developing virtual technology solutions and delivering high-quality entertainment content worldwide. Establishing a subsidiary in the United States enables the Company to venture into the Hollywood market and actively participate in the digital entertainment landscape.

In recent years, the digital entertainment market in the United States has thrived, with the emergence of short dramas becoming a significant channel for the public to access entertainment content. Through strengthened collaborations with Hollywood, overseas production companies, and content platforms, Global Mofy Metaverse aims to deliver innovative contents, including short dramas, catering to the diverse needs of various regions and cultures. Furthermore, leveraging the company's existing assets and technologies, Global Mofy Metaverse will continue to provide high-quality virtual technology production services to its overseas clients, encompassing areas such as film, television, short dramas, and mixed reality (MR).

Mr. Yang Haogang, CEO of the Company commented, "We are delighted to announce the establishment of our first overseas subsidiary in the United States. This is a vital step in our strategic development, enabling us to serve global clients better and enhance our competitiveness in overseas markets. We will rely on Global Mofy Metaverse’s advanced virtual technology solutions to subsequently provide comprehensive virtual technology services for clients in Hollywood and, indeed, worldwide, ushering in immersive audiovisual experiences for our global audience."