AB International Group to Launch New Video Streaming Service Called ABQQ.tv This Year

Highlights:

• Contribute New and Profitable Revenues to Company Earnings Following Launch
• Hybrid Subscription and Advertising Business Model to Drive Revenue Growth
• New Service to Feature Original and Exclusive Content Produced by Company
• Driven by Company’s Patented and Proprietary Mobile Technology Leveraging 5G Mobile Technology
• ABQQ.tv to Capture Market Share in China’s Multi-Billion Dollar and Growing Video Streaming Industry

HONG KONG and NEW YORK, April 22, 2020 (GLOBE NEWSWIRE) -- AB International Group Corp. (Stock Ticker: ABQQ), an intellectual property (IP) and movie investment and licensing firm, today announced it has nearly completed the first phase development of its highly anticipated video streaming service targeting China’s multi-billion dollar and growing video streaming industry and expects a full launch this year.  The service will be marketed and distributed in China under the brand name ABQQ.tv and will feature Chinese movies, television shows and drama series produced almost entirely by the Company. 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. It will have a mini program called “ABQQTV” running on WeChat platform at launch time, subscribers makes payment of subscription fee through WeChat Pay.

The Company noted that its decision to accelerate the development and launch date of its video streaming service was largely also in part to the mandatory quarantines being implemented due to the COVID-19 pandemic, which has increased viewership of video streaming services and the Internet by as much as 70% over the course of the past several weeks.

The Company today also announced much of ABQQ.tv’s original line-up of at least ten full-length movies that were produced by its in-house studios, 20-minute daily television shows as well as between two to three dramas that have also been produced in-house and are expected to generate similar types of “binge-watching” behavior as their comparable shows do on Netflix in the United States.  ABQQ.tv also expects to supplement its line-up of originally-produced programming with content that has been secured from various business partners as a result of their strong interest in partnering with ABQQ.tv while licensing and advertising fees are likely to be the lowest possible pre-launch.