AB INTL GROUP announces NFT MMM License Business Updates
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NEW YORK, March 14, 2023 (GLOBE NEWSWIRE) — AB International Group Corp . (OTC: ABQQ), an intellectual property (IP) and motion picture investment and licensing firm, today announced NFT Movie and Music Marketplace License business updates.
AB granted the operator a worldwide license to an NFT movie music marketplace (“NFT MMM”), AB has consistently generated revenue from the license fee monthly since August 2022.
On 13 March 2023, AB signed an agreement with an operator for the management of digital crypto assets. AB granted the management company a worldwide license to an NFT film music marketplace (“NFT MMM”). AB will be additional income from the issuer’s annual fee alongside the fixed monthly license fee. Under the agreement, AB will generate $1.1 million to $2 million in annual revenue, AB develops improve the feature version.
AB’s plans to continue cooperation with the service provider attract film owners to be launched their film NFTs at AB’s NFT MMM, these films will launch the global market.
About AB International Group Corp.
AB International Group Corp. is an intellectual property (IP) and film investment and licensing firm, focused on the acquisition and development of various intellectual properties. We are engaged in the acquisition and distribution of films. The company plans to engage operations cinemas in NY to nationwide. The company engages highly anticipated video streaming services targeting the global multi-billion dollar and growing video streaming industry. The online service will be marketed and distributed worldwide under the brand name ABQQ.tv. ABQQ.tv is expected to generate a new and profitable revenue stream immediately after launch derived from the 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 more information visit www.abqqs.com and www.ABQQ.tv
Forward-looking statements
This press release contains “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to changes in the Company’s management team and statements relating to the Company’s transformation, financial and operational performance including the acceleration of revenues 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 interruption, competitive uncertainty and general economic and business conditions in AB International Group’s markets, as well as the other risks described in the company’s filings with the Securities and Exchange Commission. AB International Group undertakes no obligation to update any statements in this press release for changes occurring after the date of this release.
Investor Relations Contact:
Jeff Deng
(212) 918-4519
[email protected]
