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Sunday, September 25, 2022

Ab International Group Corp (OTCMKTS: ABQQ) On the Move as Co Enters into Master License Agreement with Universal Film

Ab International Group Corp (OTCMKTS: ABQQ) is making a big move up the chart after the Company announced it has entered into a Master License Agreement with Universal Studios’ company Universal Film, regarding the theatrical exhibition of Universal motion pictures and/or such other audiovisual content as Universal may elect to distribute (whether by film print, digital cinema package (“DCP”), DVD, by wireless, or other method now known or hereafter created) (each such motion picture or other audiovisual content) by AB Cinemas NY, Inc. an ABQQ company. 

This is big news for Ab International Group Corp which has seen significant growth over the past year recently announcing its unaudited financial results for the nine months ended May 31, 2022. Revenues for the nine months ended May 31, 2022, increased 1908% to $2,056,000, as compared to $102,400 for the nine months ended May 31, 2021. The Company is currently sales licensing of 1 more completed films’ broadcast right of territorial. The company also hopes to generate revenues for the balance of the fiscal year with start generate revenue of NFT MMM, as well as achieving enough customers to start subscriptions for ABQQ.tv. and generate revenue from the NY cinema box office.  

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Ab International Group Corp (OTCMKTS: ABQQ) is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual properties. We are engaged to acquisition and distribution of movies. The Company engages highly anticipated video streaming service targeting global multi-billion dollar and growing video streaming industry. The online service will be marketed and distributed in the world under the brand name ABQQ.tv. ABQQ.tv is expected to generate a new and profitable revenue stream immediately following its launch derived from its hybrid subscription and advertising business model.

NFT Movie and Music Marketplace Update – As of July 14, 2022, the Drama movie ‘Confusion’ sold out released ten thousand the ‘Confusion’ Movie NFTs drop for 50% of Drama movie ‘Confusion’ special territory copyright. It’s 2nd movie NFT successful completely released as all transactions completed on AB’s NFT MMM platform. Today, totally 23,000 users installed the App NFT MMM. AB plans continue partnership with service provider attract movie owner to be rolled out their movie NFTs at AB’s NFT MMM, those movies will release global market. 

New York Movie Theaters Update – AB’s first cinema “The Mt. Kisco Theatre” located at 144 Main Street, Mount Kisco, New York. Very good communications with potential theatre manager who the company would hire, working for the cinema ready to grand reopening in upcoming 6-8 weeks. AB continues its theatre acquisition strategy, newly formation a subsidiary entity “AB Cinemas NY, Inc.” currently continues negotiations to potential acquisitions of 4 locations 30 screens. 

Movies Update – AB is plan presents a new movie “Dad, don’t worry” that they recently acquired. The movie will be released global online and NY theaters in December. 

Video Streaming Service Update – As of June 30, 2022, AB provided video streaming service contents website abqq.tv and ABQQ Channel on YouTube hits 4.7 million views, the services marketed and distributed in global under the brand ABQQ.tv. The channel acquired 20k subscribers. 

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ABQQ

 

On July 18 ABQQ announced its unaudited financial results for the nine months ended May 31, 2022. Revenues for the nine months ended May 31, 2022, increased 1908% to $2,056,000, as compared to $102,400 for the nine months ended May 31, 2021. Net loss for the nine months ended May 31, 2022, reduced 32% to the amount of $1,769,767, as compared with a net loss of $2,601,535 for the nine months ended May 31, 2021. s of May 31, 2022, the Company has $6,820,353 in total assets, as compared with total assets of $5,757,727 dated August 31, 2021. 

The Company is currently sales licensing of 1 more completed films’ broadcast right of territorial. The company also hopes to generate revenues for the balance of the fiscal year with start generate revenue of NFT MMM, as well as achieving enough customers to start subscriptions for ABQQ.tv. and generate revenue from the NY cinema box office. 

On September 6 AABQ announced it has entered into a Master License Agreement with Universal Studios’ company Universal Film, regarding the theatrical exhibition of Universal motion pictures and/or such other audiovisual content as Universal may elect to distribute (whether by film print, digital cinema package (“DCP”), DVD, by wireless, or other method now known or hereafter created) (each such motion picture or other audiovisual content) by AB Cinemas NY, Inc. an ABQQ company. 

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Currently trading at a $1.4 million market valuation ABQQ os is 384,773,694 shares. The stock is up big after the Company announced it has entered into a Master License Agreement with Universal Studios’ company Universal Film, regarding the theatrical exhibition of Universal motion pictures and/or such other audiovisual content as Universal may elect to distribute (whether by film print, digital cinema package (“DCP”), DVD, by wireless, or other method now known or hereafter created) (each such motion picture or other audiovisual content) by AB Cinemas NY, Inc. an ABQQ company. ABQQ has a long history of big moves making a historic run from current levels to over $0.24 per share in early 2021.  We will be updating on ABQQ when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ABQQ.

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Disclosure: we hold no position in ABQQ either long or short and we have not been compensated for this article.

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