ABQQ Announced Movie ‘Love Over the World’ NFT Launch on NFT MMM

Rhea-AI Summary

AB International Group Corp. (OTC: ABQQ) announced the launch of the “Love Over the World” NFT on its NFT marketplace, NFT MMM, set for November 8, 2022. The movie is currently streaming on iQiyi.com. This NFT release will allow users to purchase shares of the film, with a total of 500,000 Stars available for $1 each, representing 25% of the special territory broadcast rights in mainland China. ABQQ is focused on intellectual property acquisition and aims to generate revenue through its upcoming streaming service, ABQQ.tv, using a hybrid subscription and advertising model.

Positive

• Launch of 'Love Over the World' NFT may attract interest and revenue.
• 500,000 shares available for investment could enhance liquidity.
• Potential new revenue stream from ABQQ.tv streaming service.

Negative

• None.

NEW YORK, Nov. 07, 2022 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTC: ABQQ), an intellectual property (IP) and movie investment and licensing firm, which owns the IP of the leading movie NFT marketplace NFT MMM, today announced that the special territory copyright owner of the Drama movie 'Love Over the World' will launch the “Love Over the World” NFT and will release to NFT MMM's users on the platform launch on November 8, 2022.

The movie "Love Over the World" is currently broadcasting on iQiyi.com's VIP membership streaming service platform. The special territory copyright owner of the movie received inquiries from buyers who would be interested in owning copyrights for revenues of the Drama movie “Love Over the World”, by owning its NFT drops. They are interested to buy some shares of Stars (the Movie NFT unit @$1 each) of the Drama movie “Love Over the World” on Movie NFT, which in total will release 500,000 Stars for 25% of mainland China special territory broadcast rights of Drama movie “Love Over the World”.

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 the acquisition and distribution of movies and operation of movie theaters into nationwide. 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 owns the IP of the NFT movie and music marketplace (NFT MMM) as the unique entertainment industry Non-Fungible Token.
For additional information visit www.abqqs.com; www.abcinemasny.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 Group 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:
Fred Deng
(212) 918-4519
corp@abqqs.com

 

FAQ

What is the significance of the 'Love Over the World' NFT launch for ABQQ?

The launch may increase revenue and market interest as it allows users to invest in film rights.

When is the NFT for 'Love Over the World' being released?

The NFT will be available on November 8, 2022.

What rights are associated with the shares of 'Love Over the World' NFT?

The shares represent 25% of the special territory broadcast rights in mainland China.

How many shares are being released for the 'Love Over the World' NFT?

A total of 500,000 shares are available at $1 each.

What business model will ABQQ.tv use to generate revenue?

ABQQ.tv will utilize a hybrid subscription and advertising business model for revenue.