AB INTL GROUP Updates Its Video Streaming Service ABQQ.tv
AB International Group Corp. (OTCQB: ABQQ) announced the launch of its streaming service, ABQQ.tv, with 3,551 free subscribers and access to 59 Chinese movies, three months after its debut. The CEO indicated plans to acquire more exclusive broadcast licenses and will begin marketing a membership fee plan as the movie inventory grows. The firm aims to tap into the expanding global video streaming market, leveraging a hybrid subscription and advertising model for revenue generation. Additionally, the company holds a utility model patent for a video synthesis technology in China.
- 3,551 subscribers acquired within three months of ABQQ.tv launch.
- Access to 59 Chinese movies with plans for more exclusive licenses.
- Hybrid subscription and advertising business model expected to generate immediate revenue.
- No financial metrics provided to assess revenue impact.
- Risks associated with competitive uncertainties and business disruption.
NEW YORK, March 29, 2021 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm, announces they have 3551 free of charge subscribers of ABQQ.tv (www.abqq.tv) since it officially launched its highly anticipated video streaming service three months ago. The service is currently providing streaming for 59 Chinese movies which the company granted the online broadcast license.
"We are engaged to acquire more exclusive online broadcast license of movies to meet the demand of subscribers and visitors. We will do marketing and sales the membership fee plan when the movies number is the scale to the cost efficient for online promotion and marketing in upcoming 6 months,” said Chiyuan Deng, CEO of AB Intl Group.”
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 has a patent license to a video synthesis and release system for mobile communications equipment, in which the technology is the subject of a utility model patent in the People's Republic of China. 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
FAQ
What are the key details about ABQQ.tv's launch?
What plans does ABQQ have for its streaming service?
What is AB International Group's business focus?
What is the expected revenue model for ABQQ.tv?
What competitive risks does AB International Group face?
