NEW YORK, March 14, 2023 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTC: ABQQ), an intellectual property (IP) and movie investment and licensing firm today announced NFT Movie and Music Marketplace License business updates.
AB granted to the operator a worldwide license to a NFT movie music marketplace (the “NFT MMM”), AB consistently generated revenue from license fee monthly since August 2022.
On March 13, 2023, AB signed an agreement with a digital crypto assets management operator. AB granted to the management company a worldwide license to a NFT movie music marketplace (the “NFT MMM”). AB will be additional income from the issuer annual fee beside fix monthly license fee. Under the agreement AB will generate $1.1 million to $2 million annual revenue, AB is developing enhance function version.
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.
About AB International Group Corp.
AB International Group Corp. 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 plans engages operation movie theaters in NY into nationwide. 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. The company owns the IP of the NFT movie and music marketplace (NFT MMM) as the unique entertainment industry Non-Fungible Token.
For additional information visit www.abqqs.com and www.ABQQ.tv
Forward-Looking Statements
This press release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to changes to the Company's management team and statements relating to the Company's transformation, financial and operational performance including the acceleration of revenue and margins, and the Company's overall strategy. Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the possibility of business disruption, competitive uncertainties, and general economic and business conditions in AB International Groups markets as well as the other risks detailed in company filings with the Securities and Exchange Commission. AB International Group undertakes no obligation to update any statements in this press release for changes that happen after the date of this release.
Investor Relations Contact:
Jeff Deng
(212) 918-4519
corp@abqqs.com
