ABQQ Announced Acquisition of STAREASTnet NFT Movie and Music Marketplace

Rhea-AI Summary

AB International Group Corp. (OTCQB: ABQQ) has acquired a 100% stake in STAREASTnet NFT Movies and Music Marketplace. This acquisition aims to launch a multi-chain decentralized NFT marketplace for movies and music, enhancing direct monetization opportunities for artists. The BETA version of STAREASTnet NFT MMM is set for mid-October 2021. The platform allows artists to sell copyrights as NFTs, generating revenue through royalties. Consulting services will be provided by STAREASTNET Portal, which aims to strengthen ABQQ's position in the growing NFT sector.

Positive

• Acquisition of STAREASTnet NFT MMM enhances ABQQ's portfolio in the growing NFT market.
• Launch of a multi-chain decentralized marketplace aims to improve monetization for artists.
• Expected direct connection between artists and fans could increase revenue streams.

Negative

• None.

NEW YORK, Sept. 29, 2021 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm, announces acquisitions 100% stake of STAREASTnet NFT Movies and Music Marketplace (NFT MMM).

STAREASTnet NFT Movie Marketplace has completed development, the BETA version will launch on the mid of October 2021. STAREASTnet NFT MMM with the option to buy physical, digital download or both, in one place with NFTs, this is a unique and creative solution offering to its community, which see a great benefit for both artists, fans & corporates.

ABQQ now owns STAREASTnet NFT MMM, to be the multi-chain decentralized NFT marketplace for unique physical, digital download with a goal to bring NFT’s to mainstream movie and music aficionados.

STAREASTnet NFT MMM have the powerful ability to establish a direct connection between artists and fans. While producers and other intermediaries would still have their role, the overall monetization process could become a whole lot more just and transparent. Enabling film makers, musicians directly monetize their movie and music through yield-bearing NFTs, which generate yield through royalties — actual real-world cash flow generated by the licensed use of an artist’s music and/or movie.

Generate instant revenue by selling master or publishing copyrights of their music or movie as NFTs.

STAREASTNET Portal, a leading entertainment group will provide consulting services to ABQQ.

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 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.

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 is the significance of ABQQ's acquisition of STAREASTnet NFT Movies and Music Marketplace?

The acquisition allows ABQQ to expand into the NFT market, facilitating direct monetization for artists through NFTs.

When will the STAREASTnet NFT Marketplace BETA version launch?

The BETA version of the STAREASTnet NFT Marketplace is scheduled to launch in mid-October 2021.

How will ABQQ benefit from the STAREASTnet NFT Movies and Music Marketplace?

ABQQ aims to create a decentralized platform that enhances revenue generation for artists, providing a more transparent monetization process.

What consulting services will STAREASTNET Portal provide to ABQQ?

STAREASTNET Portal will offer consulting services to help ABQQ navigate the NFT landscape and enhance its market strategies.