AB INTL GROUP Announces Its Film “Our Treasures” Hits USD 1 Million Box Office
AB International Group Corp. (OTCQB: ABQQ) announced that its film “Our Treasures” has garnered RMB6.5 million (USD$1.01m) in box office revenues since its August 1, 2021 release. The film will continue to screen in cinemas. Additionally, another film, “Love Over the World,” has been licensed for online streaming in China, expected to generate monthly royalties starting September 2021. The company is also expanding its operations with ABQQ.tv, a new streaming service aimed to tap into the growing video streaming market. Forward-looking statements highlight potential risks and uncertainties ahead.
- Box office revenue of RMB6.5 million (USD$1.01m) from 'Our Treasures' film within 23 days.
- Ongoing screening of 'Our Treasures' in cinemas.
- Monthly royalty revenue expected from 'Love Over the World' licensing starting September 2021.
- Introduction of ABQQ.tv aiming for immediate profitable revenue stream from the hybrid subscription and advertising model.
- None.
NEW YORK, Aug. 23, 2021 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm announces according to China Movie Data Info Network's box office report, its film “Our Treasures” 23 days box office is RMB6.5 million (USD
The Company also announced that its another film “Love Over the World” has been licensed to distributor release online streaming platforms in China. The Company will be generated monthly royalty revenue from the license fee beginning in September 2021.
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 to acquisition and distribution of movies. The Company engages highly anticipated video streaming service targeting global multi-billion dollar and growing video streaming industry. The online service will be marketed and distributed in the world under the brand name ABQQ.tv. ABQQ.tv is expected to generate a new and profitable revenue stream immediately following its launch derived from its hybrid subscription and advertising business model. The company is investing in NFT movie and music marketplace as the unique entertainment industry Non-Fungible Token.
For additional information visit www.abqqs.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 Groups 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:
Jeff Deng
(212) 918-4519
corp@abqqs.com
FAQ
What is the box office revenue for 'Our Treasures' announced by ABQQ?
When will ABQQ start receiving royalty revenue from 'Love Over the World'?
What is ABQQ.tv?
How is ABQQ involved in the movie industry?
