AB INTL GROUP Announces Obtain a License for United Artists Releasing
AB International Group Corp. (OTC: ABQQ) has secured a licensing agreement with United Artists Releasing for theatrical exhibitions in New York through its subsidiary, AB Cinemas NY, Inc. This partnership enhances ABQQ's movie investment and licensing operations. United Artists Releasing, established in 2019, connects filmmakers with alternative distribution options, supporting notable film slates. Additionally, ABQQ is set to launch ABQQ.tv, a video streaming service targeting the expanding global streaming market, anticipating immediate revenue generation through a hybrid subscription and ad model.
- Acquisition of a license from United Artists Releasing enhancing content distribution.
- Launch of ABQQ.tv expected to create a new revenue stream immediately.
- None.
NEW YORK, Oct. 11, 2022 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTC: ABQQ), an intellectual property (IP) and movie investment and licensing firm today announced obtain a license for United Artists Releasing motion pictures for exhibition at the theatre in New York operations by AB Cinemas NY, Inc., an ABQQ company. 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).
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 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.
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
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