💰 Context
AB International Group Corp. buys and sells movie rights and licenses, runs a movie theater, and has a platform for digital assets (NFTs). They make money from movie ticket sales, licensing fees, and consulting services. Recently, they have faced challenges due to the COVID-19 pandemic and the need for additional funding.
📋 TL;DR
- 🎬 Movie Rights: Acquired and sold multiple movie copyrights and broadcast rights.
- 📈 Increased Revenue: Total revenue increased to $1.88 million.
- 🌱 Sustainability: Focused on environmental initiatives and reducing carbon footprint.
- 📊 Market Expansion: Expanded into new markets with strategic acquisitions.
🚀 Trends
In 2024, AB International Group Corp. saw an increase in the sale of movie copyrights and broadcast rights. They also expanded their services to include consulting and embedded marketing. The company focused on digital assets with their NFT MMM platform, which has shown promising growth. The movie theater business started to recover post-pandemic, although it faced challenges with less popular movies.
💰 Financial Performance
AB International Group Corp. reported total revenue of $1.88 million for the fiscal year 2024. Net income was a loss of $318,285. Earnings per share (EPS) were $0.00. The company saw a significant increase in revenue compared to the previous year, driven by the sale of movie rights and new service offerings.
📈 Emerging Markets
The company is strategically expanding into new markets by acquiring movie rights and broadcast rights globally. They are also increasing their presence in the digital asset market through their NFT MMM platform.
🌿 Environmental Initiatives
AB International Group Corp. is committed to sustainability by incorporating recycled materials into their products and reducing overall waste. They aim to implement renewable energy solutions across their operations.
📱 Key Products
Key products for 2024 included the NFT MMM platform, various movie copyrights, and consulting services. The company also highlighted its movie theater operations.
📰 Major Announcements
Significant announcements included the acquisition of multiple movie copyrights and broadcast rights, and the licensing of the NFT MMM platform to a third party. The company also entered into new consulting agreements.
📊 Market Share
AB International Group Corp. continues to hold a significant market share in the media and entertainment industry, particularly in the niche market of movie rights and digital assets.
🌟 Social Impact
The company focuses on social responsibility by supporting global education initiatives and promoting digital literacy. They also emphasize diversity and inclusion within their workforce.
🔮 Future Outlook
Looking ahead, AB International Group Corp. predicts growth in revenue through the sale of more movie rights and increased subscriptions for their digital platform. They plan to expand their movie theater operations and explore new markets for their NFT platform.