AB INTL GROUP Announces Signs Master License Agreement with Universal Studios
AB International Group Corp. (OTC: ABQQ) has entered a Master License Agreement with Universal Studios, allowing its subsidiary, AB Cinemas NY, Inc., to exhibit Universal's motion pictures and other audiovisual content. This agreement positions ABQQ to tap into the lucrative film distribution sector. The company is also developing a video streaming service, ABQQ.tv, aimed at the growing global streaming market. This hybrid subscription and advertising model is expected to generate immediate revenue following its launch.
- Master License Agreement with Universal Studios for theatrical film distribution.
- Launch of ABQQ.tv, a video streaming service expected to create a new revenue stream.
- None.
NEW YORK, Sept. 06, 2022 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTC: ABQQ), an intellectual property (IP) and movie investment and licensing firm today announced enter a Master License Agreement with Universal Studios’ company Universal Film, regarding the 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. an ABQQ company.
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
