News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Is the dragon filling his bag before the new year? Let's get this done before the year of the snake...2025.
Interesting indeed. Gold is right up my alley.
AB INTL Group Announces Repurchase of 300 Million Shares and Planning Spin-off of NFT MMM IP and AI Consulting Business
NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTC: ABQQ), an intellectual property (IP) and movie investment and licensing firm, today announced the Company entered into Repurchase Agreements with four shareholders, all non-affiliates of the Company, pursuant to which the Company agreed to repurchase shares of their Common Stock, $0.001 par value, amounting to 300,000,000 shares for cancellation. The price to be paid by the Company under the Repurchase Agreements is $390,000, which will be funded with cash on hand.
ABQQ today announced its intention to spin off its Non-Fungible Token (NFT) MMM IP and Artificial Intelligence (AI) Consulting division into a separate entity, with plans for this new company to go public. This strategic move aims to unlock shareholder value by allowing each business unit to pursue its own growth strategies independently while capitalizing on the burgeoning markets for NFTs and AI technologies.
Details of the Spin-off:
- Entity Name: The new entity, tentatively named AB Digital Innovations, will focus exclusively on the development and commercialization of NFT marketplaces, AI consulting services, and related intellectual properties.
- Business Model: AB Digital Innovations will leverage ABQQ's existing infrastructure in the NFT IP space, including the NFT Movie and Music Marketplace (NFT MMM), and expand into broader AI consulting services aimed at enhancing film production, distribution, and consumer engagement through AI technologies.
- Strategic Rationale: The spin-off is designed to provide clearer market focus, potentially attract specialized investment, and offer investors a pure-play opportunity in the rapidly evolving sectors of digital assets and AI.
- Public Offering: Details regarding the timing and terms of the initial public offering (IPO) for AB Digital Innovations will be communicated in due course. The company is currently preparing the necessary documentation and regulatory compliance activities for listing.
Benefits for Existing ABQQ Shareholders:
1. Value Unlocking:
- The spin-off, bolstered by significant external investment, is expected to more clearly delineate the value of each business segment, potentially leading to increased market valuation for shareholders.
2. Investment Opportunity:
- Shareholders will receive shares in AB Digital Innovations, providing them not only with a stake in a new high-growth area but also the benefits from a substantial investment in the company.
3. Higher Potential Returns:
- The investment and spin-off could lead to higher returns for shareholders as both entities can now pursue more aggressive growth strategies tailored to their niche markets.
4. Increased Market Attention:
- The significant investment underscores the market's confidence in the potential of AB Digital Innovations, likely drawing additional interest from investors, which could enhance stock liquidity and market visibility.
Chiyuan Deng, CEO of AB International Group Corp., stated, "This spin-off is a testament to our commitment to innovation and growth. By separating our NFT and AI initiatives, we believe we can better tailor our strategies to meet the unique demands of these markets, thereby enhancing value for our stakeholders."
Charles Tang, Investor Relations, added, "We are excited about the potential this separation offers. It allows us to directly tap into the investor interest in NFTs and AI, sectors that are seeing unprecedented growth and investor enthusiasm."
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 property. We are engaged in acquisition and distribution of movies. The company owns the IP of the NFT movie and music marketplace (NFT MMM) as the unique entertainment industry Non-Fungible Token. The Company operates AB Cinemas, physical movie theaters currently in NY with plans to expand nationwide (www.abcinemasny.com). The company also owns ABQQ.TV which is a movie and TV show online streaming platform. ABQQ TV generates revenue through a hybrid subscription model and advertising model like other online streaming platforms.
For additional information, visit www.abqqs.com, www.abcinemasny.com, www.stareast.io 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 Group 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:
Charles Tang
(852) 2622 2891
corp@abqqs.com
https://www.globenewswire.com/newsroom/ti?nf=OTMxMzMzNSM2NjIwNTkwIzUwMDEyMjYyNg==
https://ml.globenewswire.com/media/ZjllZTZmYjgtYWE2YS00ZmNkLTlmNGItN2Y4MmY1YWZiODJlLTUwMDEyMjYyNg==/tiny/AB-INTL-Group-Corp-.png
Source: AB INTL Group Corp.
© 2024 GlobeNewswire, Inc.
https://www.otcmarkets.com/stock/ABQQ/news/story?e&id=3064201
Slow Monday. Looking forward to tomorrow.
AB International Group CorpNEW YORK, March 29, 2022 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm today announced the company’s NFT MMM, one of the world's fastest and leading movie NFT marketplaces, partners with Movie Sci-fi 'Amazing Data'. Through this partnership, the Amazing Data Movie NFT's drop will be made available to NFT MMM's users on the platform starting in April 2022.
NFT MMM-based buyers will partly own IP rights and revenues of the Sci-fi movie 'Amazing Data', by owning its NFT drops.
Keith Cordio, CEO at NFT MMM, said, "Amazing Data's NFT is an impeccable model of film industry new opportunities, it's a revolutionary model that will 'de-risk, add-convince' and transform the entire film industry. They are merging film, NFTs, DeFi, gaming, and the Metaverse in this wave of transmedia evolution giving NFT MMM users opportunities to be both art collectors and producers."
Chiyuan Deng, AB’s Chief Executive Officer, stated, "AB will be generated a new and profitable revenue stream of transaction fee immediately following NFT MMM partners with 'Amazing Data' movie NFT's drop. AB is inspiring fusion synergic effect of movie and NFT."
| Rank | Title | Gross(M) | Cume Gross(M) | Per Screen Avg. | Per Ticket Avg. | Showings | Admissions | Days | ||
| 1 | | $2.10 | $104.37 | $21.62 | $5.97 | 97212 | 351990 | 22 | ||
| 2 | | $0.58 | $34.49 | $10.18 | $5.44 | 57139 | 106995 | 14 | ||
| 3 | | $0.48 | $19.34 | $12.84 | $5.96 | 37624 | 80998 | 14 | ||
| 4 | | $0.33 | $900.09 | $14.32 | $5.01 | 22730 | 64995 | 64 | ||
| 5 | | $0.27 | $0.28 | $456.37 | $6.27 | 591 | 43000 | - | ||
| 6 | | $0.21 | $16.46 | $13.64 | $5.35 | 15281 | 38999 | 21 | ||
| 7 | | $0.15 | $2.39 | $9.22 | $5.78 | 16295 | 25999 | 7 | ||
| 8 | | $0.11 | $63.45 | $16.82 | $7.11 | 6343 | 15000 | 35 | ||
| 9 | | $0.06 | $6.66 | $10.97 | $5.99 | 5278 | 9661 | 21 | ||
| 10 | | $0.05 | $0.26 | $355.65 | $5.83 | 128 | 7812 | 5 | ||
NEW YORK, Nov. 03, 2021 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm announces its 3rd completed film “CONFUSION”, has received No. [2021] 224, Screening License from the Chinese government. The distributors agreed with the Company that the film is scheduled to be screened on thousand cinemas nationwide in the end of November 2021.
The Company also announced according to China Movie Data Info Network's box office report, that another its film “Our Treasures” total box office is RMB14.1 million (USD$2.2m) since August 1, 2021 screened on cinemas. The film “Our Treasures” is currently screening on cinemas, the distributor agreed with the Company that the film will continue screening on cinemas.
https://www.globenewswire.com/news-release/2021/11/03/2326780/0/en/AB-INTL-GROUP-Announces-Its-Film-CONFUSION-Will-Begin-Screening-on-Cinemas-Nationwide-in-End-of-November-2021.htmlNEW YORK, Sept. 29, 2021 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm, announces acquisitions 100% stake of STAREASTnet NFT Movies and Music Marketplace (NFT MMM).
STAREASTnet NFT Movie Marketplace has completed development, the BETA version will launch on the mid of October 2021. STAREASTnet NFT MMM with the option to buy physical, digital download or both, in one place with NFTs, this is a unique and creative solution offering to its community, which see a great benefit for both artists, fans & corporates.
ABQQ now owns STAREASTnet NFT MMM, to be the multi-chain decentralized NFT marketplace for unique physical, digital download with a goal to bring NFT’s to mainstream movie and music aficionados.
STAREASTnet NFT MMM have the powerful ability to establish a direct connection between artists and fans. While producers and other intermediaries would still have their role, the overall monetization process could become a whole lot more just and transparent. Enabling film makers, musicians directly monetize their movie and music through yield-bearing NFTs, which generate yield through royalties — actual real-world cash flow generated by the licensed use of an artist’s music and/or movie.
Generate instant revenue by selling master or publishing copyrights of their music or movie as NFTs.
STAREASTNET Portal, a leading entertainment group will provide consulting services to ABQQ.
| Movie | Genre | Gross | Change | Thtrs. | Per Thtr. | Total Gross | Days | ||
|---|---|---|---|---|---|---|---|---|---|
| - | (-) | Raging Fire | Action | $12,320,000 | -53% | 84,738 | $145 | $146,280,000 | 24 |
| - | new | ????? | Adventure | $5,100,000 | 60,387 | $84 | $5,110,000 | 3 | |
| - | (-) | Bai She 2: Qing She jie qi | Adventure | $2,830,000 | -44% | 29,927 | $95 | $81,980,000 | 31 |
| - | (-) | Upcoming Summer | Romantic Comedy | $2,560,000 | -70% | 33,513 | $76 | $54,500,000 | 24 |
| - | (-) | Agent Backkom:Kings Bear | Adventure | $260,000 | -63% | 4,623 | $56 | $11,750,000 | 548 |
| - | (-) | Tu Zi Bao Li (??????, ????, ????) | Drama | $220,000 | 5,813 | $38 | $3,860,000 | 9 | |
| - | (-) | Our treasures | Drama | $110,000 | 82 | $1,341 | $950,000 | 19 | |
| - | (-) | Island Keeper | Drama | $90,000 | n/c | 108 | $833 | $20,460,000 | 73 |
| - | (-) | A Christmas Gift From Bob | Comedy | $70,000 | -73% | 1,682 | $42 | $2,190,000 | 17 |
| - | (-) | MY FATHER | Drama | $70,000 | -63% | 302 | $232 | $2,210,000 | 31 |
| - | (-) | Lie Detector (???) | Romantic Comedy | $70,000 | 3,525 | $20 | $4,250,000 | 10 | |
| - | (-) | Bigfoot Family | Adventure | $60,000 | -82% | 1,530 | $39 | $1,480,000 | 17 |
| - | (-) | Fan Ji Zhe | Action | $50,000 | -44% | 90 | $556 | $400,000 | 24 |
| - | (-) | 1921 | Drama | $40,000 | 493 | $81 | $77,400,000 | 59 |
| Movie | Genre | Gross | Change | Thtrs. | Per Thtr. | Total Gross | Days | ||
|---|---|---|---|---|---|---|---|---|---|
| - | (1) | Raging Fire | Action | $21,660,000 | -38% | 100,506 | $216 | $83,090,000 | 10 |
| - | (2) | Upcoming Summer | Romantic Comedy | $6,080,000 | -71% | 65,932 | $92 | $35,420,000 | 10 |
| - | (3) | Bai She 2: Qing She jie qi | Adventure | $5,190,000 | -52% | 37,455 | $139 | $67,820,000 | 17 |
| - | (4) | Chinese Doctors | Action | $2,030,000 | -60% | 21,506 | $94 | $197,790,000 | 32 |
| - | new | A Christmas Gift From Bob | Comedy | $1,090,000 | 32,912 | $33 | $1,100,000 | 3 | |
| - | new | Bigfoot Family | Adventure | $660,000 | 15,132 | $44 | $660,000 | 3 | |
| - | (14) | MY FATHER | Drama | $650,000 | +400% | 18,741 | $35 | $1,360,000 | 17 |
| - | (9) | Island Keeper | Drama | $210,000 | -40% | 252 | $833 | $20,010,000 | 59 |
| - | (8) | Sanwan Reorganization | Drama | $210,000 | -57% | 548 | $383 | $3,350,000 | 24 |
| - | new | Dangerous Memory | Thriller/Suspense | $170,000 | 7,494 | $23 | $170,000 | 3 | |
| - | new | In Cycle | Thriller/Suspense | $150,000 | 5,508 | $27 | $150,000 | 3 | |
| - | new | Our treasures | Drama | $100,000 | 81 | $1,235 | $310,000 | 5 | |
| - | (10) | 1921 | Drama | $80,000 | -74% | 967 | $83 | $76,500,000 | 45 |
| - | (11) | Shimajirou the Movie | Adventure | $60,000 | -79% | 1,283 | $47 | $1,880,000 | 16 |
| - | (12) | New Happy Dad and Son 4 | Adventure | $60,000 | -68% | 1,436 | $42 | $14,200,000 | 44 |
| - | (16) | Fan Ji Zhe | Action | $50,000 | -29% | 77 | $649 | $190,000 | 10 |
NEW YORK, July 27, 2021 (GLOBE NEWSWIRE) -- AB Intl Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm announces updated progress of its movies.
1, “Love Over the World” has been off shelves on the end of May, its box office is RMB15.54 million (USD$2.4 m). This movie will continue to generate revenues through licensing to TV network and online streaming platforms in China currently. And will broadcast on abqq.tv for global market soon.
2, “Our Treasures” its distributor has executed a definitive agreement with Hua Xia Film Group, the leading nationwide distributor in China to distribute the film to be screened on cinemas nationwide beginning in first day of August 2021. The ticket platform currently promoting and sales ticket now. https://maoyan.com/films/1433366
3, “Confusion” the completed film code: 001102592021 have been announced by state authority, currently proceeding on procedure of screening license. The distributor is ready aiming to be screened on cinemas nationwide as soon as received the license.
4, “On the Way” a completed film starring Tik Tok's KOL Tian Xiaoxiao, currently proceeding on procedure of the film approval then apply screening license. ABQQ plans to cooperate with distributors aiming to be screened on cinemas nationwide.
"STAREASTnet gained a lot of traction with over 200 registered artists from over Asia countries. With the introduction of NFT MMM, they envision to provide all the following services to their Business to Business (B2B) and Business to Consumer (B2C) clients:
Sale of movies and music both digital & physical
NFT Tokenization engine
STAR Tokens
NFT Marketplace
Movies and music earnings distribution to the NFT holders"
May 12, 2021 09:30 ET | Source: AB INTL GROUP CORP
NEW YORK, May 12, 2021 (GLOBE NEWSWIRE) -- AB Intl Group Corp. (OTCQB: ABQQ), an intellectual property (IP) and movie investment and licensing firm announces updated progress of its movies and sitcom series.
1, “Love Over the World” is currently screening on cinemas nationwide of China, according to Maoyan’s data its box office is RMB14.87 million (USD$2.31 m) now since Jan 22, 2021. The movie will continue screening.
2,“Our Treasures” the completed film code: 001105302020 have been announced by state authority, currently proceeding on procedure of screening license. The distributor is ready aiming to be screened on cinemas nationwide as soon as received the license.
3, “On the Way” a completed film starring Tik Tok's KOL Tian Xiaoxiao, currently proceeding on procedure of the film approval then apply screening license. ABQQ plans to cooperate with distributors aiming to be screened on cinemas nationwide.
4, “Confusion” a completed film, currently proceeding on procedure of the film approval then apply screening license. ABQQ plans to cooperate with distributors aiming to be screened on cinemas nationwide.
5, “Huafeng”, a completed online movie will be worldwide exclusive released on ABQQ.tv in May 28, 2021.
6, “If Time Could Stop at the Moment When We First Met” the completed sitcom TV series, its first season will be worldwide exclusive released on ABQQ.tv in May 28, 2021.
| Movie | Genre | Gross | Change | Thtrs. | Per Thtr. | Total Gross | Days | ||
| - | (-) | Shock Wave 2 | Action | $4,870,000 | -23% | 56,767 | $86 | $197,920,000 | 50 |
| - | (-) | A Little Red Flower | Drama | $4,600,000 | -16% | 60,142 | $76 | $217,820,000 | 38 |
| - | (-) | Big Red Envelopes | Romantic Comedy | $4,340,000 | -41% | 66,355 | $65 | $32,650,000 | 18 |
| - | (-) | Wish Dragon | Adventure | $2,310,000 | -27% | 34,259 | $67 | $23,590,000 | 38 |
| - | (-) | Warm Hug | Comedy | $2,130,000 | -14% | 32,401 | $66 | $132,040,000 | 43 |
| - | (-) | Soul | Adventure | $1,710,000 | -32% | 23,191 | $74 | $56,070,000 | 44 |
| - | (-) | A Hustle Bustle New Year | Drama | $430,000 | -32% | 907 | $474 | $6,790,000 | 24 |
| - | (-) | The Soul | Thriller/Suspense | $430,000 | -34% | 9,280 | $46 | $16,860,000 | 31 |
| - | (-) | Jin Ji Jiu Yuan | Action | $340,000 | -6% | 4,862 | $70 | $74,950,000 | 380 |
| - | (-) | Octonauts: The Ring of Fire | Adventure | $220,000 | -33% | 5,336 | $41 | $8,070,000 | 38 |
| - | (-) | Love Over The World | Drama | $200,000 | -20% | 133 | $1,504 | $1,300,000 | 17 |
| - | (-) | The Croods: A New Age | Adventure | $160,000 | n/c | 2,613 | $61 | $54,570,000 | 74 |
| - | (-) | Days and Nights in Wuhan | Documentary | $80,000 | -67% | 4,523 | $18 | $3,660,000 | 17 |
| - | (-) | The Hummingbird Project | Drama | $70,000 | -77% | 3,819 | $18 | $470,000 | 10 |
| - | (-) | Ponyo on the Cliff by the Sea | Adventure | $60,000 | -14% | 1,518 | $40 | $4,340,000 | 45 |
| - | (-) | Starry Road | Drama | $50,000 | -29% | 756 | $66 | $840,000 | 24 |
| - | (-) | T-34 | Drama | $40,000 | 532 | $75 | $3,510,000 | 59 | |
| - | (-) | Pobaby | Action | $30,000 | 37 | $811 | $300,000 | 38 |
| Movie | Genre | Gross | Change | Thtrs. | Per Thtr. | Total Gross | Days | ||
|---|---|---|---|---|---|---|---|---|---|
| - | (-) | Big Red Envelopes | Romantic Comedy | $7,380,000 | -8% | 63,456 | $116 | $22,620,000 | 11 |
| - | (-) | Shock Wave 2 | Action | $6,340,000 | -1% | 50,643 | $125 | $187,410,000 | 43 |
| - | (-) | A Little Red Flower | Drama | $5,460,000 | -24% | 57,276 | $95 | $208,260,000 | 31 |
| - | (-) | Wish Dragon | Adventure | $3,150,000 | -9% | 35,104 | $90 | $18,780,000 | 31 |
| - | (-) | Soul | Adventure | $2,500,000 | -15% | 0 | $52,300,000 | 37 | |
| - | (-) | Warm Hug | Comedy | $2,470,000 | -20% | 27,657 | $89 | $127,210,000 | 36 |
| - | (-) | The Reunions | Drama | $1,020,000 | +1,940% | 38,778 | $26 | $1,080,000 | 8 |
| - | new | Okko's Inn | Adventure | $720,000 | 30,378 | $24 | $720,000 | 3 | |
| - | (-) | The Soul | Thriller/Suspense | $650,000 | -58% | 8,139 | $80 | $15,910,000 | 24 |
| - | (-) | A Hustle Bustle New Year | Drama | $630,000 | -6% | 899 | $701 | $5,580,000 | 17 |
| - | (-) | Jin Ji Jiu Yuan | Action | $360,000 | +6% | 3,702 | $97 | $74,010,000 | 373 |
| - | (-) | Octonauts: The Ring of Fire | Adventure | $330,000 | -30% | 5,401 | $61 | $7,650,000 | 31 |
| - | new | The Hummingbird Project | Drama | $310,000 | 15,322 | $20 | $310,000 | 3 | |
| - | (-) | Love Over The World | Drama | $250,000 | -4% | 180 | $1,389 | $880,000 | 10 |
| - | (-) | Days and Nights in Wuhan | Documentary | $240,000 | -90% | 6,734 | $36 | $3,440,000 | 10 |
| - | new | Empathic Master | Romantic Comedy | $170,000 | 19,526 | $9 | $160,000 | 3 | |
| - | (-) | The Croods: A New Age | Adventure | $160,000 | +23% | 1,981 | $81 | $54,100,000 | 67 |
| - | (-) | Starry Road | Drama | $70,000 | -46% | 679 | $103 | $720,000 | 17 |
| - | (-) | Ponyo on the Cliff by the Sea | Adventure | $70,000 | -42% | 1,335 | $52 | $4,220,000 | 38 |
| - | (-) | The Invisible Man | Horror | $2,868 | +27% | 26 | $110 | $3,940,107 | 59 |
AI
