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Re: Ping70 post# 5241

Monday, 01/24/2022 11:27:26 AM

Monday, January 24, 2022 11:27:26 AM

Post# of 20470
I believe this is a smart move. Company got additional $1.8 million CASH for its first 3 movies that already grossed almost 6.8 million in the China box office so it can expand its the NFT, Streaming Service and Theater business.

The reason behind the strategic move of having OFFICES in Hong Kong and New York is getting more clear now!

... an agreement with the buyer in Hong Kong to sell its 3 films' “Love Over The World”, “Our Treasures” and “Confusion” broadcast rights of mainland China for a consideration of $1.8 million in cash. AB continues to own all copyrights & broadcast rights excluding mainland China.

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