Welcome to our dedicated page for Ab Int news (Ticker: ABQQ), a resource for investors and traders seeking the latest updates and insights on Ab Int stock.
AB International Group Corp. (ABQQ) appears in public disclosures as an intellectual property and movie investment and licensing firm with activities across film distribution, theaters, streaming, NFTs, and AI-driven content IP. The ABQQ news feed on Stock Titan aggregates company-issued updates, financial disclosures, and other coverage related to these entertainment and IP-focused operations.
Recent news has highlighted ABQQ’s participation in film investment and distribution, including licensing the fencing film “THE ONE” for cinema exhibition in mainland China through a nationwide distributor. The company has also reported the launch of a wholly owned film subsidiary in China aimed at operating in that market, as well as business updates tied to its AB Cinemas theaters in New York and its ABQQ.TV streaming platform, which uses a hybrid subscription and advertising model.
ABQQ’s news flow also covers developments in digital and AI-related IP. The company has announced ownership and licensing of the NFT Movie and Music Marketplace (NFT MMM) IP and has discussed plans to spin off its NFT MMM IP and AI consulting division into a separate entity tentatively named AB Digital Innovations. Through its subsidiary AI+ Hubs Corp, ABQQ has reported acquiring the ufilm AI intellectual property for AI-driven content creation and licensing this IP to platforms such as Uflix.ai.
Investors and followers of ABQQ can use this news page to review company press releases on financial results, share repurchase agreements, capital structure changes such as reverse stock splits and name changes, and strategic initiatives in streaming, NFTs, AI content IP, and cross-border film distribution. Bookmarking this page provides a centralized view of ABQQ’s publicly reported developments over time.
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.
AB International Group Corp. (OTCQB: ABQQ) announced the full prepayment of all convertible promissory notes totaling $168,264, improving financial flexibility. With this move, the company terminated the outstanding Notes and returned 137,000,000 reserved shares to the treasury. CEO Chiyuan Deng emphasized this completion enhances capital management and aims to maximize shareholder value. The firm, focused on intellectual property and the movie industry, is also preparing to launch its streaming service, ABQQ.tv, which could generate a new revenue stream through subscription and advertising.
AB International Group Corp. (OTCQB: ABQQ) announced the launch of its streaming service, ABQQ.tv, with 3,551 free subscribers and access to 59 Chinese movies, three months after its debut. The CEO indicated plans to acquire more exclusive broadcast licenses and will begin marketing a membership fee plan as the movie inventory grows. The firm aims to tap into the expanding global video streaming market, leveraging a hybrid subscription and advertising model for revenue generation. Additionally, the company holds a utility model patent for a video synthesis technology in China.
AB International Group Corp. (OTCQB: ABQQ) has appointed Jimmy Chue as the new Chief Investment Officer effective February 22, 2021. With over three decades of experience, Chue has held prominent positions at firms like Merrill Lynch. He will oversee the company’s North American operations from New York City, launching on March 1, 2021, focusing on IP acquisitions and film copyrights. The company aims to enhance shareholder value through improved operations and the introduction of its new streaming service, ABQQ.tv, set to generate profits immediately following its launch.
AB International Group Corp. (OTCQB: ABQQ) announced the acquisition of the completed film "Our Treasures" and plans to screen it in Chinese cinemas in April 2021. The film, currently undergoing a screening license procedure, was directed by CEO Chiyuan Deng, who also directed the successful film "Love Over the World," grossing over 10 million CNY. This acquisition aligns with AB International's strategy of expanding its intellectual property portfolio and supporting its new video streaming service, ABQQ.tv, expected to generate immediate revenue post-launch.
AB International Group Corp. (OTCQB: ABQQ) announced that its film “Love Over the World” has generated a box office revenue of RMB6.48 million (approximately USD$1.01 million) within 12 days of its release in China. The film achieved the top spot in the January box office for both youth and romance genres. As the film continues to screen nationwide, further updates on its progress are anticipated. The company is also developing ABQQ.tv, a video streaming service aimed at creating new revenue streams through subscriptions and advertising.
AB International Group Corp. (OTCQB: ABQQ) announced a Letter of Intent to acquire MusicPromoToday, a notable music marketing agency, to bolster its growth in North America. This acquisition aims to enhance ABQQ's operations and technology platforms. MusicPromoToday, known for its innovative marketing strategies and a decade of experience, has partnerships with independent and Grammy-nominated artists. The deal's completion is anticipated before year-end, marking a significant milestone for ABQQ in expanding its capabilities and commercial portfolio.