AB INTL GROUP Announces Movie Theaters Business Updates
AB International Group Corp. (OTC: ABQQ) provided updates on its cinemas business, announcing the opening of its first cinema, The Mt. Kisco Theatre, which recorded 10,301 admissions from 2,034 showings of 33 movies. The company's acquisition strategy aims to obtain 10 new locations totaling around 5,000 seats on the East Coast to achieve economies of scale. Additionally, ABQQ plans to launch a video streaming service, ABQQ.tv, targeting the expanding video streaming market, projected to generate new revenue through a hybrid subscription and advertising model.
- The Mt. Kisco Theatre recorded 10,301 admissions in 2,034 shows.
- ABQQ aims to acquire 10 additional theater locations to expand its presence.
- None.
NEW YORK, March 20, 2023 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTC: ABQQ), an intellectual property (IP) and movie investment and licensing firm today announced its cinemas business updates.
AB’s cinemas business entity AB Cinemas NY, Inc. operations “The Mt. Kisco Theatre New York” has been commenced official fully open on last November.
As to date, this first cinema of AB cinemas business records 10,301 admits attended in 2,034 shows of 33 movies released by Universal Pictures , Walt Disney Pictures, Warner Brothers, Sony Pictures, Paramount, Open Road, Mirror (US), Metro-Goldwyn-Mayer (MGM) (US), Viva Entertainment (US), Fox Searchlight Pictures, Focus Features, Fathom Events, Apple TV+, Vertical Entertainment (US), 20th Century Fox respectively.
AB continues its theatre acquisition strategy, seeks successful negotiation acquire 10 locations geographically east coast total about 5,000 seats, achieve economies of scale.
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 properties. We are engaged to acquisition and distribution of movies.The Company plans engagesoperation movie theaters in NY into nationwide. 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 owns the IP of the NFT movie and music marketplace (NFT MMM) as the unique entertainment industry Non-Fungible Token.
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 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
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