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Thursday, December 28, 2023 9:03:26 AM
According to ABQQ's ceo
Ali Baba obtained the advertising and marketing rights to the film while ABQQ is part of the distribution team officially approved by the CFG the Chinese government agency that oversees the movie house business inside China and has final say about what can be shown in 7,000 2D movie cinemas and about 785 IMAX theaters in China.
According to tweeted 1-on-1 text conversations between an ABQQ investor and Mr. Deng, ABQQ is in line to receive 11 percent of the distribution team's/ government's share of the overall box office take after Taylor gets 25 percent off the top (capped there in China) and AliBaba/marketing gets its share.
Deng confirmed ABQQ will get about .60 cents per 2D movie ticket sold and 90 cents per IMAX view.
So not 11 percent of whatever overall box office take figure you see reported, but still -- with a population of 1.4 Billion Chinese, 690 Million being female (and probably 50 million of them being TS fans), at about 75 cents per 2D/IMAX view it is potentially a hugely significant cash injection for ABQQ.
My thought on the impact on share price is even before the ceo continues with share buybacks in 2024, the company could soon be in a position where it has in-hand the cash equivalency of five or six times its $4M market cap at .003
In other words, more than enough cash for Mr. Deng to actually execute his awowed mission of continuing to buy back, reducing ABQQs outstanding shares to 250M.
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