AB INTL GROUP Announced Fencing Film “THE ONE” Premiere for Screening on Cinemas in China
AB International Group Corp. (OTC: ABQQ) has announced the premiere of its fencing film 'THE ONE' (YiJianZhongQing) in Chinese cinemas. The company has secured a distribution agreement with Hua Xia Film Group, a leading nationwide distributor in China, for the movie's screening starting August 1, 2024. ABQQ has licensed the film to the distributor for a minimum fee of $300,000 for the mainland China market.
The announcement highlights China's significant position in the global movie industry, ranking second in box office revenue and movie production. In 2023, China held a 24% market share in the global movie industry. ABQQ, as an intellectual property and movie investment firm, operates AB Cinemas in NY and owns ABQQ.TV, an online streaming platform generating revenue through subscriptions and advertising.
AB International Group Corp. (OTC: ABQQ) ha annunciato la premiere del suo film di arti marziali 'THE ONE' (YiJianZhongQing) nei cinema cinesi. L'azienda ha ottenuto un accordo di distribuzione con Hua Xia Film Group, un distributore di primo piano a livello nazionale in Cina, per la proiezione del film a partire dal 1 agosto 2024. ABQQ ha concesso in licenza il film al distributore per un costo minimo di 300.000 dollari per il mercato della Cina continentale.
L'annuncio evidenzia la posizione significativa della Cina nell'industria cinematografica globale, che si classifica al secondo posto per entrate al botteghino e produzione di film. Nel 2023, la Cina ha detenuto una quota di mercato del 24% nell'industria cinematografica globale. ABQQ, in quanto azienda di proprietà intellettuale e investimento cinematografico, gestisce AB Cinemas a NY e possiede ABQQ.TV, una piattaforma di streaming online che genera entrate attraverso abbonamenti e pubblicità.
AB International Group Corp. (OTC: ABQQ) ha anunciado el estreno de su película de artes marciales 'THE ONE' (YiJianZhongQing) en los cines chinos. La compañía ha asegurado un acuerdo de distribución con Hua Xia Film Group, un distribuidor líder a nivel nacional en China, para la proyección de la película a partir del 1 de agosto de 2024. ABQQ ha licenciado la película al distribuidor por una tarifa mínima de 300,000 dólares para el mercado de China continental.
El anuncio destaca la posición significativa de China en la industria cinematográfica global, ocupando el segundo lugar en ingresos de taquilla y producción de películas. En 2023, China tuvo una cuota de mercado del 24% en la industria cinematográfica global. ABQQ, como firma de propiedad intelectual e inversión cinematográfica, opera AB Cinemas en NY y posee ABQQ.TV, una plataforma de streaming en línea que genera ingresos a través de suscripciones y publicidad.
AB International Group Corp. (OTC: ABQQ)는 중국 영화관에서 무술 영화 'THE ONE' (YiJianZhongQing)의 초연을 발표했습니다. 이 회사는 중국의 주요 배급사인 Hua Xia Film Group와 영화 상영을 위한 배급 계약을 체결했으며, 상영 시기는 2024년 8월 1일부터 시작됩니다. ABQQ는 중국 본토 시장을 위해 배급사에 영화 라이센스를 최소 30만 달러에 제공했습니다.
이 발표는 글로벌 영화 산업에서 중국의 중요한 위치를 강조하며, 박스오피스 수익 및 영화 제작에서 두 번째로 높은 순위를 차지하고 있습니다. 2023년 중국은 글로벌 영화 산업에서 24%의 시장 점유율을 차지했습니다. ABQQ는 지식재산권 및 영화 투자 회사로서 뉴욕에 AB Cinemas를 운영하며, 구독 및 광고를 통해 수익을 창출하는 온라인 스트리밍 플랫폼 ABQQ.TV를 소유하고 있습니다.
AB International Group Corp. (OTC: ABQQ) a annoncé la première de son film d'arts martiaux 'THE ONE' (YiJianZhongQing) dans les cinémas chinois. La société a sécurisé un accord de distribution avec Hua Xia Film Group, un distributeur majeur à l'échelle nationale en Chine, pour la projection du film à partir du 1er août 2024. ABQQ a concédé une licence pour le film au distributeur pour un montant minimum de 300 000 dollars pour le marché de la Chine continentale.
Cette annonce met en avant la position significative de la Chine dans l'industrie cinématographique mondiale, se classant au deuxième rang en termes de recettes au box-office et de production de films. En 2023, la Chine détenait une part de marché de 24% dans l'industrie cinématographique mondiale. ABQQ, en tant qu'entreprise de propriété intellectuelle et d'investissement cinématographique, gère AB Cinemas à NY et possède ABQQ.TV, une plateforme de streaming en ligne générant des revenus grâce aux abonnements et à la publicité.
Die AB International Group Corp. (OTC: ABQQ) hat die Premiere ihres Kampfkunstfilms 'THE ONE' (YiJianZhongQing) in chinesischen Kinos bekannt gegeben. Das Unternehmen hat einen Vertriebsvertrag mit Hua Xia Film Group, einem führenden landesweiten Distributor in China, für die Aufführung des Films ab dem 1. August 2024 gesichert. ABQQ hat dem Distributor den Film für eine Mindestgebühr von 300.000 Dollar für den Festlandmarkt in China lizenziert.
Die Ankündigung unterstreicht Chinas bedeutende Position in der globalen Filmindustrie, die im Bereich der Ticketverkäufe und Filmproduktion den zweiten Platz einnimmt. Im Jahr 2023 hatte China einen Marktanteil von 24% in der globalen Filmindustrie. ABQQ, als Unternehmen für geistiges Eigentum und Filminvestitionen, betreibt AB Cinemas in NY und besitzt ABQQ.TV, eine Online-Streaming-Plattform, die Einnahmen durch Abonnements und Werbung generiert.
- Secured distribution agreement with leading nationwide distributor Hua Xia Film Group
- Minimum license fee of $300,000 for screening in mainland China
- Expansion into the world's second-largest movie market
- Diversified revenue streams through physical theaters and online streaming platform
- None.
NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTC: ABQQ), an intellectual property (IP) and movie investment and licensing firm, announces its fencing film “THE ONE” (YiJianZhongQing), its distributor has executed definitive agreement with Hua Xia Film Group, the leading nationwide distributor in China, to distribute the movie to be screened in cinemas nationwide beginning on 1st day of August 2024. The starring cast along with the director will attend the press conference to kick off the roadshows nationwide. ABQQ has licensed the movie to the distributor for a minimum license fee of
China is one of the leading countries in the global movie industry. China is currently ranked the number 2 country in the world for total money made in box office and number of movies produced. In 2023 China had
About AB International Group Corp.
AB International Group Corp. is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property. We are engaged in acquisition and distribution of movies. The Company operates AB Cinemas, physical movie theaters currently in NY with plans to expand nationwide (www.abcinemasny.com). The company also owns ABQQ.TV which is a movie and TV show online streaming platform. ABQQ.TV generates revenue through a hybrid subscription model and advertising model similar to other online streaming platforms.
For additional information visit www.abqqs.com, www.abcinemasny.com and www.ABQQ.tv.
Forward-Looking Statements
This press release contains “forward-looking statements” that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to changes to the Company’s management team and statements relating to the Company’s transformation, financial and operational performance including the acceleration of revenue and margins, and the Company’s overall strategy. Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the possibility of business disruption, competitive uncertainties, and general economic and business conditions in AB International Group markets as well as the other risks detailed in company filings with the Securities and Exchange Commission. AB International Group undertakes no obligation to update any statements in this press release for changes that happen after the date of this release.
Investor Relations Contact:
Charles Tang
(852) 2622 2891
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FAQ
When will AB International Group's film 'THE ONE' premiere in Chinese cinemas?
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