AB INTL GROUP Announces the Sale of Its Four Films’ Asia Broadcast Rights
AB International Group Corp. (OTCQB: ABQQ) has entered an agreement to sell broadcast rights for its four films for $1.2 million in cash, while retaining all copyrights. The films include ‘Love Over the World’, ‘Our Treasures’, ‘Confusion’, and the newly acquired ‘Nice to Meet You’, set to release globally in August or September 2022. The company is also launching ABQQ.tv, targeting the growing video streaming market with a hybrid subscription and advertising model, potentially creating a new revenue stream.
- Secured $1.2 million in cash from the sale of broadcast rights for four films.
- Retains all copyrights and broadcast rights excluding Asia.
- Plans to launch ABQQ.tv, targeting the growing video streaming industry.
- ABQQ.tv expected to provide immediate revenue generation through hybrid model.
- None.
NEW YORK, Aug. 01, 2022 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm, today announced it has entered into an agreement with the buyer to sell its 4 films “Love Over the World”, “Our Treasures”, “Confusion” and new movie “Nice to Meet You” broadcast rights of Asia for a consideration of
AB presents a new movie “Nice to Meet You” that they recently acquired. The movie will be released globally online and in NY theaters in August or September 2022.
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. The company is investing in NFT movie and music marketplace as the unique entertainment industry Non-Fungible Token. www.stareastnet.io
For additional information visit www.abqqs.com and www.ABQQ.tv and NFT MMM www.stareastnet.io
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 films did AB International Group Corp. sell broadcast rights for?
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