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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. (OTCQB: ABQQ) has entered an agreement to sell broadcast rights for its four films for $1.2 million in cash, while retaining all copyrights. The films include ‘Love Over the World’, ‘Our Treasures’, ‘Confusion’, and the newly acquired ‘Nice to Meet You’, set to release globally in August or September 2022. The company is also launching ABQQ.tv, targeting the growing video streaming market with a hybrid subscription and advertising model, potentially creating a new revenue stream.
AB International Group Corp. (OTCQB: ABQQ) reported a significant 1908% revenue increase to $2,056,000 for the nine months ending May 31, 2022, up from $102,400 in the same period last year. The net loss decreased by 32% to $1,769,767. Total assets grew to $6,820,353 as of May 31, 2022, compared to $5,757,727 in August 2021. The company is set to launch its NFT MMM platform and its video streaming service ABQQ.tv, which aims to diversify revenue streams.
AB International Group Corp. (OTCQB: ABQQ) provided updates on several key initiatives as of July 14, 2022. The movie 'Confusion' successfully sold out 10,000 NFTs, generating significant interest on AB's NFT MMM platform, which has 23,000 users. The company is set to reopen its first cinema in Mount Kisco within 6-8 weeks and is negotiating to acquire four additional locations. A new movie, 'Dad, don’t worry,' is planned for global release in December. Additionally, ABQQ.tv's streaming service has achieved 4.7 million views with 20,000 subscribers.
AB International Group Corp. (OTCQB: ABQQ) announced that it will abandon plans for a reverse stock split. The company must maintain a minimum closing bid price of $0.01 or greater for ten consecutive trading days from July 18 to July 29, 2022, to continue trading on the OTCQB marketplace. ABQQ focuses on intellectual property and movie investment, aiming to launch ABQQ.tv, a video streaming service with a hybrid subscription and advertising model, expected to generate immediate revenue. The company is also investing in the NFT market.
AB International Group Corp. (OTCQB: ABQQ) has announced that its NFT marketplace, NFT MMM, has successfully attracted 20,000 users since its launch on May 1, 2022. CEO Chiyuan Deng emphasized that this growing user base will facilitate more movie NFT releases, enhancing the platform's attractiveness to movie owners. The company is also developing ABQQ.tv, a video streaming service expected to generate immediate revenue through a hybrid subscription and advertising model. These initiatives may position ABQQ favorably within the expanding entertainment industry.
AB International Group Corp. (OTCQB: ABQQ) received a Bid Price Deficiency Notice from OTC Market Group on May 2, 2022, due to its stock closing below $0.01 for over 30 days. The company has a 90-day cure period to raise its stock price to meet OTCQB standards. A reverse stock split is planned to address this issue. The firm specializes in intellectual property and movie investment, with a new video streaming service under the brand ABQQ.tv aiming to generate immediate revenue through a hybrid subscription and advertising model.
AB International Group Corp. (OTCQB: ABQQ) announced the successful sale of 6,000 NFTs from its movie 'Confusion' through its NFT marketplace, NFT MMM. This drop constitutes 50% of the movie's special territory copyright, with a total of 10,000 NFTs available. The transaction, which began on June 25, involved 600,000 Stars on the platform. CEO Chiyuan Deng expressed optimism about the results amidst a challenging cryptocurrency market, anticipating increased interest from movie producers in releasing NFTs via NFT MMM. The company is also set to launch a video streaming service under the brand ABQQ.tv.
AB International Group Corp. (OTCQB: ABQQ) announced the launch of the Drama movie 'Confusion' NFT on June 25, 2022, via its NFT marketplace, NFT MMM. The copyright owner received inquiries from 90 potential buyers, interested in acquiring IP rights through 100,000 NFTs priced at $1 each, contributing to the total of 1 million NFTs for a 50% copyright in China. The company aims to expand its revenue through its new hybrid subscription and advertising model on ABQQ.tv, targeting the global video streaming market.
AB International Group Corp. (OTCQB: ABQQ) shared May updates revealing significant developments in its NFT movie and music marketplace. The company has successfully launched the Amazing Data Movie NFT drop, making 10,000 NFTs available for 50% copyrights. ABQQ continues expanding its cinema operations, negotiating the acquisition of four new locations while planning to reopen its Mt. Kisco Theatre. Additionally, the new movie 'Nice to Meet You' will debut globally in August. ABQQ.tv, the company's video streaming service, has achieved 4.6 million views and 20,000 subscribers as of May 31, 2022.
AB International Group Corp. (OTCQB: ABQQ) reported a significant increase in revenue, showing a 1072% rise to $1,800,000 for the six months ended February 28, 2022, compared to $153,600 in 2021. The company's gross profit improved to $426,866, up from a gross loss of $301,327 a year prior. While a net loss of $602,944 was recorded for the six months, it represented an improvement from a $1,521,663 loss in the previous year. Total assets reached $7,244,749 as of February 28, 2022. Upcoming initiatives include licensing for completed films and launching ABQQ.tv.
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