A newly truncated micro-cone array film as light extraction layer for organic light emitting diodes (OLEDs) has been developed, which was fabricated by process combined with photolithography, polydimethylsiloxane (PDMS) molding, self-assembled anti-adhesion, and ultraviolet (UV) forming techniques. In this study, by varying the sidewall angle and fill factor of this film, their influences on the optical properties and light extraction efficiency for OLED are fully investigated. As a result, device performance of OLED employed truncated micro-cone array film, with a high fill factor and sidewall angle of 76.49⁰, was found to be significantly enhanced up to 52% compared with the reference OLED. Notably, the proposed truncated micro-cone array film also stabilized emissive color stability while the viewing angle changes from 0° to 70°, achieving an excellent angular shift with CIE-indices of (0.0025, 0.0066). Aforementioned findings contribute to the development in advanced OLEDs for display and lighting applications.