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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 acquired a 100% stake in STAREASTnet NFT Movies and Music Marketplace. This acquisition aims to launch a multi-chain decentralized NFT marketplace for movies and music, enhancing direct monetization opportunities for artists. The BETA version of STAREASTnet NFT MMM is set for mid-October 2021. The platform allows artists to sell copyrights as NFTs, generating revenue through royalties. Consulting services will be provided by STAREASTNET Portal, which aims to strengthen ABQQ's position in the growing NFT sector.
AB International Group Corp. (OTCQB: ABQQ) announced that its film “Our Treasures” has garnered RMB6.5 million (USD$1.01m) in box office revenues since its August 1, 2021 release. The film will continue to screen in cinemas. Additionally, another film, “Love Over the World,” has been licensed for online streaming in China, expected to generate monthly royalties starting September 2021. The company is also expanding its operations with ABQQ.tv, a new streaming service aimed to tap into the growing video streaming market. Forward-looking statements highlight potential risks and uncertainties ahead.
AB International Group Corp. (OTCQB: ABQQ) announced that its film “Our Treasures” generated RMB2 million in box office revenue within eight days of its release in Chinese cinemas. The film has achieved a position in the weekly Top 10 box office rankings in China and has secured a 90-day screening agreement with its distributor. The company is also developing a video streaming service, ABQQ.tv, targeting the growing global market, which is expected to create immediate revenue through a hybrid subscription and advertising model.
AB Intl Group Corp. (OTCQB: ABQQ) announced significant updates regarding its movie projects. The film "Love Over the World" has earned RMB15.54 million (USD $2.4 million) and will continue to generate revenue through licensing. "Our Treasures" is set to premiere nationwide in China starting August 1, 2021. Additionally, the completed film "Confusion" is awaiting screening license approval while another film, "On the Way," is also in the approval process. ABQQ is also investing in a hybrid video streaming service, ABQQ.tv, expected to create new revenue streams.
AB International Group Corp. (OTCQB: ABQQ) announces a successful launch of its video streaming service ABQQ.tv, attracting 8013 subscribers in just six months. The platform offers 60 movies and 50 sitcom episodes, with expansions planned to add thousands of movies through partnerships. CEO Chiyuan Deng noted an upgrade to accept STAR Tokens for subscription fees, indicating a forward-looking approach towards the NFT market. The company aims to tap into the growing video streaming industry and generate new revenue streams via a hybrid subscription and advertising model.
AB International Group Corp. (OTCQB: ABQQ) has announced a partnership with STAREASTnet, a prominent Chinese entertainment artists network. ABQQ will acquire a 40% stake in STAREASTnet's NFT Movies and Music Marketplace, which aims to launch a unique platform allowing users to purchase physical and digital content as NFTs. This partnership positions ABQQ to capitalize on the booming NFT market, offering artists new income streams and fans a direct connection to their favorite creators. STAREASTnet boasts over 200 registered artists, enhancing the platform's appeal.
AB International Group Corp. (OTCQB: ABQQ) announced its film "Our Treasures" has received a No. 456 Screening License from the China Film Administration. The film is set to commence nationwide screening in August 2021. The promotional team will conduct roadshows across the country from mid-June to late July. Additionally, ABQQ is preparing to launch a video streaming service, ABQQ.tv, targeting the global video streaming market, which is expected to create a new revenue stream through a subscription and advertising model.
AB Intl Group Corp. (OTCQB: ABQQ) has announced significant progress regarding its film and sitcom projects. The movie “Love Over the World” has generated a box office revenue of RMB 14.87 million (USD $2.31 million) since January 22, 2021. The film “Our Treasures” is awaiting a screening license, while “On the Way” and “Confusion” are in the approval process. Additionally, the online movie “Huafeng” and the sitcom “If Time Could Stop at the Moment When We First Met” are set to premiere on ABQQ.tv on May 28, 2021.
AB International Group Corp. (OTCQB: ABQQ) reported a remarkable 460% increase in revenues for the three months ending February 28, 2021, reaching $774,509, driven primarily by box-office earnings from the film "Love Over the World." Gross profit surged 399% to $475,668. The company's total shareholders’ equity rose to $5,189,995 compared to $3,956,097 last year. Additionally, ABQQ launched its video streaming service, acquiring 45 movie broadcast rights and aiming for a hybrid subscription model to generate future revenues.
AB International Group Corp. (OTCQB: ABQQ) has opened a new international operations office in Singapore, which will oversee film copyrights sales, marketing, and development of its video streaming services. The office will be directly managed by the CEO, emphasizing the company's focus on expanding its international footprint. ABQQ is also set to launch its video streaming service, ABQQ.tv, leveraging a hybrid subscription and advertising model aimed at tapping into the growing global video streaming market, expected to generate profitable revenue streams shortly after its launch.
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