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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 successfully completed the release of 10,000 Movie NFTs from the sci-fi film 'Amazing Data', allowing buyers to own 50% of the movie's copyrights. This milestone is seen as a promising venture for their NFT MMM platform, which is becoming a leading marketplace for movie NFTs. CEO Chiyuan Deng expressed optimism about attracting more producers to the NFT space, highlighting the company's focus on intellectual property and the upcoming launch of their video streaming service, ABQQ.tv.
AB International Group Corp. (ABQQ) has launched the NFT drop for its Sci-fi movie 'Amazing Data,' starting May 25, 2022, on its NFT marketplace, NFT MMM. The offering includes 1 million NFTs priced at $1 each, granting 50% copyright of the film. CEO Chiyuan Deng projects immediate revenue generation of $100,000 from the sale of 100,000 STARs as a service fee. The company is also developing a video streaming service, ABQQ.tv, aimed at the growing video streaming market, which is expected to contribute to new revenue streams.
AB International Group Corp. (OTCQB: ABQQ) announced key updates in May 2022. The company sold broadcast rights for two films in mainland China, retaining internet broadcast rights. ABQQ.tv, its video streaming service, reached 4.3 million views and 19,000 subscribers by April 30, 2022. Plans for an NFT movie marketplace are underway, although delays have been reported for the 'Amazing Data' movie NFT drop. The company’s first cinema in New York remains closed due to ongoing renovations, with no reopening date announced.
AB International Group Corp. (OTCQB: ABQQ) announced a partnership between its NFT marketplace, NFT MMM, and the sci-fi movie 'Amazing Data'. Starting April 2022, NFT MMM users can purchase NFTs related to 'Amazing Data', granting them partial ownership of IP rights and revenue from the film. This initiative aims to create a profitable revenue stream through transaction fees, merging film, NFTs, and the Metaverse, as highlighted by executives Keith Cordio and Chiyuan Deng.
AB International Group Corp. (OTCQB: ABQQ) recently announced significant updates for February 2022. The company acquired 5 new movies and 15 episodes of a new sitcom, bringing its total holdings to 65 movies and 70 episodes. Additionally, ABQQ TV Channel on YouTube reached 100k views. The firm is also launching a partnership for NFT movie sales, offering benefits to NFT owners. Moreover, the company's cinema, The Mt. Kisco Theatre, is set to reopen in April.
CEO Chiyuan Deng expressed optimism about the company's growth trajectory in 2022.
AB International Group Corp. (OTCQB: ABQQ) announces the launch of its movie streaming service ABQQ TV Channel on YouTube. This service will feature Chinese movies, television shows, and drama series, marketed globally under the brand ABQQ.tv. The platform aims to tap into the growing video streaming market with a hybrid subscription and advertising revenue model. Furthermore, the company is investing in a unique NFT movie and music marketplace, enhancing its portfolio in the digital entertainment landscape.
AB International Group Corp. (OTCQB: ABQQ) has signed an agreement to sell broadcast rights for three films, "Love Over The World," "Our Treasures," and "Confusion," in mainland China for $1.8 million. The company retains all other rights. Additionally, ABQQ plans to open its first theater in New York by April or May 2022. CEO Chiyuan Deng emphasizes a focus on revenue from video streaming and NFT markets, indicating an ongoing commitment to grow its presence in the global entertainment industry, particularly through its upcoming streaming platform ABQQ.tv.
AB International Group Corp. (OTCQB: ABQQ) announced that its film "Confusion" generated a box office revenue of RMB 3.8 million (USD 0.6 million) within 11 days of release, ranking No. 9 in China's weekly Top 10. Meanwhile, another film, "Our Treasures," has earned RMB 17 million (USD 2.7 million) since its release on August 1, 2021. Both films will continue screening in cinemas. The company is also expanding into the video streaming segment with ABQQ.tv, utilizing a hybrid subscription and advertising model, anticipated to provide profitable revenue streams.
AB International Group Corp. (OTCQB: ABQQ) has launched its STAREASTnet NFT Movies and Music Marketplace, accessible via Google Play. The marketplace introduces two film NFTs, "A Picture" and the sitcom "I Wanna Feel You Never Changed," which have been released on the streaming site ABQQ.tv. Buyers of ABQQ NFTs enjoy benefits such as ownership of the movie file, global licensing rights, and profit-sharing from licensing fees. This initiative aims to establish a new revenue stream in the evolving NFT and streaming market.
AB International Group Corp. (OTCQB: ABQQ) has achieved a significant milestone with its film "CONFUSION" receiving a screening license from the Chinese government. Scheduled to premiere in late November 2021 across a thousand cinemas, this event supports the company’s growth strategy. Additionally, the film "Our Treasures" has grossed RMB14.1 million (USD $2.2 million) since August 2021, demonstrating solid box office performance.
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