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AB International Group Corp. (OTCQB: ABQQ) is a distinguished intellectual property (IP) and movie investment firm, focused primarily on the acquisition and licensing of various entertainment properties. With a diverse portfolio spanning movie production, licensing, and distribution, ABQQ has established a significant presence in the global entertainment industry.
The company operates ABQQ.tv, a highly anticipated video streaming service targeting the multi-billion-dollar global video streaming market. This service is designed to offer a hybrid subscription and advertising business model, thereby generating a new and profitable revenue stream post-launch. It is positioned to capture a substantial audience in a rapidly growing industry.
In addition to streaming, ABQQ is heavily invested in the NFT space, launching the innovative NFT movie and music marketplace, NFT MMM. This platform serves as a unique entertainment industry Non-Fungible Token (NFT) marketplace, opening new possibilities for content monetization.
ABQQ has also ventured into cinema operations with the reopening of the Mt. Kisco Theatre in New York, under its subsidiary AB Cinemas NY, Inc. The theater has successfully screened a variety of blockbuster films from major studios like Universal Pictures, Warner Brothers, and Sony Pictures, among others.
Financially, ABQQ has shown substantial growth. For the year ended August 31, 2022, revenues increased by an impressive 2446% to $2,928,000, marking a significant turnaround from the previous fiscal year. This growth is attributed to their strategic focus on movie broadcast rights sales and expanding distribution channels.
The company's recent partnership with Universal Studios and United Artists Releasing further solidifies its standing in the industry, enabling it to distribute major motion pictures. Moreover, ABQQ has announced the launch of new films like
AB International Group Corp. (OTC: ABQQ) provided updates on its cinemas business, announcing the opening of its first cinema, The Mt. Kisco Theatre, which recorded 10,301 admissions from 2,034 showings of 33 movies. The company's acquisition strategy aims to obtain 10 new locations totaling around 5,000 seats on the East Coast to achieve economies of scale. Additionally, ABQQ plans to launch a video streaming service, ABQQ.tv, targeting the expanding video streaming market, projected to generate new revenue through a hybrid subscription and advertising model.
AB International Group Corp. (OTC: ABQQ) announced significant updates to its NFT Movie and Music Marketplace License business. The company granted a worldwide license for its NFT movie music marketplace to a digital crypto assets management operator, anticipating annual revenue between $1.1 million and $2 million.
Since August 2022, ABQQ has generated consistent revenue from monthly license fees. The firm plans to enhance the marketplace and continue partnerships to attract movie owners for NFT releases, targeting the growing global market.
AB International Group Corp. (OTC: ABQQ) reported significant financial growth for the year ending August 31, 2022, with revenues soaring by 2446% to $2,928,000, compared to $115,091 in 2021. The gross loss decreased by 79%, totaling $293,789. Although the net loss reduced to $2,173,971 or $0.01 per share, the company holds total assets of $5,839,217 against current liabilities of $1,817,269. The CEO anticipates operational profitability by the end of 2024, driven by successful revenue increases and a new video streaming service, ABQQ.tv.
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.
AB International Group Corp. (OTC: ABQQ) announced it has secured licenses from Warner Bros. for theatrical exhibitions of Black Adam and Don’t Worry Darling at its Mt. Kisco Theater in New York. This partnership adheres to the Warner Bros. UNITED STATES BASIC AGREEMENT signed with AB Cinemas NY, Inc. The company, focused on intellectual property and movie investments, plans to expand its theater operations across the U.S. and is developing a video streaming service, ABQQ.tv, to tap into the growing streaming industry.
AB International Group Corp. (OTC: ABQQ) announced significant business updates including a worldwide license for an NFT movie music marketplace, resulting in an initial setup fee of $100,000 and a monthly fee of $60,000. The company is gearing up for the grand opening of its cinema, AB Cinemas NY, and has secured a Master License Agreement with Universal Studios for theatrical exhibitions. Additionally, ABQQ plans to release three new films in December and has acquired five movies and 25 TV drama parts for summer 2023. The company is also expanding its video streaming service, ABQQ.tv, with a focus on subscriber acquisition.
AB International Group Corp. (OTC: ABQQ) has secured a licensing agreement with United Artists Releasing for theatrical exhibitions in New York through its subsidiary, AB Cinemas NY, Inc. This partnership enhances ABQQ's movie investment and licensing operations. United Artists Releasing, established in 2019, connects filmmakers with alternative distribution options, supporting notable film slates. Additionally, ABQQ is set to launch ABQQ.tv, a video streaming service targeting the expanding global streaming market, anticipating immediate revenue generation through a hybrid subscription and ad model.
AB International Group Corp. (OTC: ABQQ) has entered into an NFT MMM License Agreement with Me Metaverse, Inc. The agreement grants Me Metaverse a worldwide license for a NFT movie music marketplace for one year, starting August 20, 2022. ABQQ will receive a $100,000 setup fee from Me Metaverse within three days of the agreement, along with monthly licensing fees. Additionally, ABQQ is focused on acquiring and developing various intellectual properties, including launching its streaming service, ABQQ.tv, which aims to generate new revenue streams from subscriptions and advertising.
AB International Group Corp. (OTC: ABQQ) has entered a Master License Agreement with Universal Studios, allowing its subsidiary, AB Cinemas NY, Inc., to exhibit Universal's motion pictures and other audiovisual content. This agreement positions ABQQ to tap into the lucrative film distribution sector. The company is also developing a video streaming service, ABQQ.tv, aimed at the growing global streaming market. This hybrid subscription and advertising model is expected to generate immediate revenue following its launch.
AB International Group Corp. (OTC: ABQQ) has appointed Ike Rivera as the new Cinemas Business General Manager, effective immediately. Rivera, with over 30 years of experience in theater operations, previously held senior roles at Bow Tie Cinemas and AMC Entertainment. He will oversee operations at the Mt. Kisco Theatre and report directly to CEO Chiyuan Deng. The company focuses on cinema operations and is set to launch ABQQ.tv, a hybrid subscription and advertising video streaming service, aiming to tap into the growing streaming industry.
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