ABQQ Announced Movie ‘On the Way’ NFT Launch on NFT MMM

Rhea-AI Summary

AB International Group Corp. (OTC: ABQQ), a firm specializing in intellectual property and movie investment, has announced the launch of the NFT for the Drama movie 'On the Way' on April 12, 2023, through its NFT marketplace, NFT MMM. This NFT drop includes 1,000,000 Stars, priced at $1 each, for 50% broadcast rights in mainland China. The company indicates that the movie will soon be available on major streaming platforms via VIP memberships. Additionally, ABQQ operates a movie theater in Mount Kisco, NY, and plans to further develop its online streaming service, ABQQ.tv, which is expected to generate a new revenue stream through a hybrid subscription and advertising model.

Positive

• Launch of the NFT for 'On the Way' could attract investor interest and generate revenue.
• Total release of 1,000,000 Stars at $1 each highlights potential for significant earnings.
• Expected immediate revenue generation from the upcoming ABQQ.tv streaming service.

Negative

• Dependence on NFT sales and streaming rights may expose the company to market volatility.
• Risks associated with competition in the NFT and streaming markets could affect financial performance.

NEW YORK, April 12, 2023 (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 marketplaces NFT MMM, today announced that the special territory copyright owner of the Drama movie 'On the Way' will launch the “On the Way” NFT and will release to NFT MMM's users on the platform launch on April 12, 2023.

The movie “On the Way” will be broadcasting on VIP membership of main streaming service platforms in near future. 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 “On the Way”, by owning its NFT drops. They are interested to buy some shares Stars (the Movie NFT unit @$1 each) of the Drama movie “On the Way” on Movie NFT. Total release 1,000,000 Stars by currently owner through NFT MMM for 50% of mainland China special territory broadcast rights of Drama movie “On the Way”.

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 operates its first movie theater at 144 Main Street, Mount Kisco, NY 10549. The Company engages operation movie theaters in NY into nationwide (www.abcinemasny.com). 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 ABQQ's NFT launch for 'On the Way'?

The NFT launch is expected to generate revenue and attract investor interest by offering ownership of broadcast rights.

When will the movie 'On the Way' be available on streaming platforms?

The movie will be available on major streaming platforms soon via VIP memberships.

How many NFTs will be released for 'On the Way' and at what price?

A total of 1,000,000 Stars will be released at $1 each as part of the NFT offering.

What business model will ABQQ.tv utilize?

ABQQ.tv will operate on a hybrid subscription and advertising business model, expected to generate immediate revenue.

What percentage of broadcast rights in mainland China is ABQQ selling?

ABQQ is selling 50% of the mainland China special territory broadcast rights for the movie 'On the Way'.