AB INTL GROUP Announces Business Updates
AB International Group Corp. (OTC: ABQQ), an intellectual property and movie investment firm, has reported significant business updates. The company achieved net profitability in the quarter ending May 31, 2024, with increased revenue and reduced net loss. ABQQ has fully repaid loans from its CEO and canceled a planned reverse stock split.
ABQQ's operations span various entertainment sectors:
- ABQQ.tv: A video streaming service featuring Chinese content
- Film Investment and Distribution: Global releases of films like "THE ONE" and "Wishes Come True"
- ABQQ Movie Theatre: Theatrical exhibition agreements with major studios
- NFT Movie and Music Marketplace (NFT MMM): A platform with significant licensing deals
The company's strategy combines traditional media with digital innovation, aiming for profitability through diverse revenue streams in the entertainment industry.
AB International Group Corp. (OTC: ABQQ), una società di proprietà intellettuale e investimenti cinematografici, ha riportato aggiornamenti aziendali significativi. L'azienda ha raggiunto la redditività netta nel trimestre terminato il 31 maggio 2024, con un aumento dei ricavi e una riduzione della perdita netta. ABQQ ha completamente ripagato i prestiti dal proprio CEO e ha annullato una pianificazione di frazionamento azionario inverso.
Le operazioni di ABQQ coprono vari settori dell'intrattenimento:
- ABQQ.tv: Un servizio di streaming video con contenuti cinesi
- Investimenti e Distribuzione Cinematografica: Uscite globali di film come "THE ONE" e "Wishes Come True"
- ABQQ Movie Theatre: Accordi di esposizione teatrale con grandi studi
- Marketplace di Film e Musica NFT (NFT MMM): Una piattaforma con significative intese di licenza
La strategia dell'azienda combina i media tradizionali con l'innovazione digitale, puntando alla redditività attraverso flussi di entrate diversificati nel settore dell'intrattenimento.
AB International Group Corp. (OTC: ABQQ), una empresa de propiedad intelectual e inversiones cinematográficas, ha informado sobre actualizaciones comerciales significativas. La compañía logró rentabilidad neta en el trimestre que terminó el 31 de mayo de 2024, con un aumento en los ingresos y una reducción de la pérdida neta. ABQQ ha reembolsado completamente los préstamos de su CEO y ha cancelado una planificación de división de acciones inversa.
Las operaciones de ABQQ abarcan varios sectores de entretenimiento:
- ABQQ.tv: Un servicio de streaming de video con contenido chino
- Inversión y Distribución de Películas: Estrenos globales de películas como "THE ONE" y "Wishes Come True"
- ABQQ Movie Theatre: Acuerdos de exhibición teatral con grandes estudios
- Mercado de Películas y Música NFT (NFT MMM): Una plataforma con importantes acuerdos de licencias
La estrategia de la empresa combina medios tradicionales con innovación digital, buscando rentabilidad a través de flujos de ingresos diversos en la industria del entretenimiento.
AB International Group Corp. (OTC: ABQQ)는 지식재산권 및 영화 투자 회사로, 중요한 비즈니스 업데이트를 보고했습니다. 이 회사는 2024년 5월 31일로 끝나는 분기에서 순이익을 달성했으며, 수익이 증가하고 순손실이 감소했습니다. ABQQ는 CEO의 대출을 전액 상환했으며 예정된 주식 분할 계획을 취소했습니다.
ABQQ의 운영은 다양한 엔터테인먼트 부문을 포함합니다:
- ABQQ.tv: 중국 콘텐츠를 포함한 비디오 스트리밍 서비스
- 영화 투자 및 배급: "THE ONE" 및 "Wishes Come True"와 같은 영화의 글로벌 릴리스
- ABQQ 영화관: 주요 스튜디오와의 극장 전시 계약
- NFT 영화 및 음악 마켓플레이스 (NFT MMM): 주요 라이센스 계약이 포함된 플랫폼
회사의 전략은 전통 미디어와 디지털 혁신을 결합하여 엔터테인먼트 산업에서 다양한 수익원을 통해 수익성을 추구하는 것입니다.
AB International Group Corp. (OTC: ABQQ), une société de propriété intellectuelle et d'investissement cinématographique, a annoncé des mises à jour commerciales significatives. La société a atteint une rentabilité nette au cours du trimestre se terminant le 31 mai 2024, avec des revenus en hausse et une perte nette réduite. ABQQ a entièrement remboursé les prêts de son PDG et annulé un projet de division d'actions inversé.
Les opérations d'ABQQ couvrent divers secteurs du divertissement :
- ABQQ.tv : Un service de streaming vidéo présentant du contenu chinois
- Investissement et Distribution de Films : Premières mondiales de films tels que "THE ONE" et "Wishes Come True"
- ABQQ Cinéma : Accords d'exposition théâtrale avec de grands studios
- Marché de Films et de Musique NFT (NFT MMM) : Une plateforme avec des accords de licence significatifs
La stratégie de l'entreprise combine les médias traditionnels avec l'innovation numérique, visant la rentabilité à travers des sources de revenus diversifiées dans l'industrie du divertissement.
AB International Group Corp. (OTC: ABQQ), eine Firma für geistiges Eigentum und Filminvestitionen, hat bedeutende Geschäftsnachrichten berichtet. Das Unternehmen erzielte im Quartal, das am 31. Mai 2024 endete, Netto-Rentabilität, mit steigenden Einnahmen und einem reduzierten Nettoverlust. ABQQ hat alle Kredite von seinem CEO zurückgezahlt und eine geplante Umkehr-Aktiensplit-Strategie annulliert.
Die Aktivitäten von ABQQ umfassen verschiedene Unterhaltungssektoren:
- ABQQ.tv: Ein Video-Streaming-Dienst mit chinesischen Inhalten
- Filmfinanzierung und -verteilung: Globale Premieren von Filmen wie "THE ONE" und "Wishes Come True"
- ABQQ Kino: Verträge zur Theateraufführung mit großen Studios
- NFT Film und Musik Marktplatz (NFT MMM): Eine Plattform mit wichtigen Lizenzverträgen
Die Strategie des Unternehmens kombiniert traditionelle Medien mit digitaler Innovation und zielt darauf ab, Rentabilität durch vielfältige Einnahmequellen in der Unterhaltungsindustrie zu erreichen.
- Achieved net profitability in the quarter ending May 31, 2024
- Significant increase in revenue and reduction in net loss compared to the previous year
- Full repayment of loans from the company's CEO, resulting in no more debts
- Cancellation of the planned 1-for-2,000 reverse stock split
- Launch of ABQQ.tv video streaming service targeting the global market
- Distribution deals for films with a total license fee of USD 804,000 for mainland China
- Licensing agreement for NFT Movie and Music Marketplace with a total fee of USD 1.368 million
- None.
NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTC: ABQQ), an intellectual property (IP) and movie investment and licensing firm, today announced business updates.
Achieved net profitability in latest quarter ending on May 31, 2024.
**Financial Performance**:
- Recent financial reports indicate a focus on increasing revenues while reducing expenses, leading to net profitability. For the period ending May 31, 2024, the Company reported a significant increase in revenue and a notable reduction in net loss compared to the previous year, showcasing a business model that's starting to see financial success.
On August 17, 2024, fully repayment the loans from the Company’s CEO, no more debts.
On August 19, 2024, the Board of Directors decided to cancel the Company's common stock 1-for 2,000 reverse splits.
The Company operates primarily in the entertainment and intellectual property (IP) sectors. Embedded marketing services have penetrated it.
**Video Streaming Service**:
- ABQQ has launched a video streaming service under the brand name ABQQ.tv, which targets the global video streaming market. This service features unique content like Chinese movies, television shows, and drama series, aiming to generate revenue through a hybrid subscription and advertising model.
- ABQQ has ventured into video streaming services, which could imply opportunities for product placement or embedded marketing within their content, especially given their focus on movie licensing and streaming. This service could be leveraged for embedded marketing where brands or products are integrated into the movies or shows they stream or produce.
**Film Investment and Distribution**:
- ABQQ has been involved in the distribution of movies, on August 2024 releases for films like "THE ONE", "Wishes Come True", and "Who is CEO" globally online and in theaters. Those films deal with distributor for a mainland of China license with a total license fee of USD 804,000.
- ABQQ's core business involves acquiring and licensing intellectual property, particularly movies. This naturally aligns with the concept of embedded marketing where brands can be placed within the content of these movies or related promotional materials.
**ABQQ Movie Theatre**:
- To theatrical exhibition of Universal motion pictures and/or such other audiovisual content as Universal may elect to distribute (whether by film print, digital cinema package (“DCP”), DVD, by wireless, or other method now known or hereafter created) (each such motion picture or other audiovisual content) by AB Cinemas NY, Inc.
- Obtain a license for United Artists Releasing motion pictures for exhibition at AB Cinemas NY theatres. United Artists Releasing, founded in 2019, is a U.S. theatrical releasing company built upon the legacy of the iconic United Artists motion picture studio, providing a home where filmmakers are supported by thoughtful approaches to marketing, publicity and distribution. United Artists Releasing offers content creators an alternative distribution option outside of the studio system, and in addition to supporting Annapurna, MGM and Orion film slates, the company also releases third-party films. United Artists Releasing is a joint venture between Metro-Goldwyn-Mayer (MGM) and Annapurna Pictures (Annapurna). And also engage licensed in theatrical exhibition content from other distribution companies, like Paramount Pictures, UNIVERSAL, DISNEY, SONY Pictures.
- Overview of ABQQ's reputation for hosting high-profile movie premieres.
- Birthday Parties: Offer special packages including a private screening, party rooms, or themed decorations. Highlight any special concessions like discounted popcorn or drinks.
- Corporate Events: Discuss how the theatre can be used for business meetings, product launches, or team-building activities. Making here's an option for presentations and we do set up for a more formal event with catering.
- Film Screenings: We available for a new release or a classic, mention it's a private screening or part of a festival. And meet-and-greet opportunities with filmmakers or actors also.
- Special Events: For unique events like game nights, where the theatre's audio-visual capabilities might be used for gaming or live events, describe how the setup enhances the experience.
**Intellectual Property and Licensing**:
- NFT Movie and Music Marketplace (NFT MMM)**: ABQQ owns the IP for this platform, which involves licensing agreements for its use. For instance, they've entered into agreements where other companies pay for the right to develop and commercialize this platform, with significant license fees involved. This includes a deal with a motion pictures group for a worldwide license for two years with a total license fee of USD 1.368 million.
Unique Market Position
- ABQQ positions itself as a player in the entertainment industry, focusing not just on traditional distribution but also on leveraging new technologies like NFTs for movie and music content, aiming to create new revenue streams through digital innovation.
- ABQQ's business strategy revolves around leveraging intellectual property in the entertainment sector through direct content creation, distribution, and innovative licensing models, particularly in the burgeoning field of NFTs. Their approach combines traditional media business with modern digital trends, aiming for profitability through diverse revenue streams.
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 like 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
corp@abqqs.com
Photos accompanying this announcement are available at
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