AB International Group Corp. (OTCMKTS:ABQQ) Appoints Ike Rivera as General Manager of Cinemas Business

AB International Group Corp. (OTCMKTS:ABQQ) is an intellectual property and movie investment and licensing firm. It is engaged in highly anticipated video streaming service targeting global multi-billion dollar and growing video streaming industry, along with acquisitions and development of various intellectual properties.

Market Stats

On Tuesday, ABQQ stock fell 6.60% to $0.0049 with 1.62 million shares, compared to its average volume of 7.50 million shares. The stock moved within a range of $0.0048 – 0.0055 after opening trading at $0.0054.

Ike Rivera Joins ABQQ as General Manager of Cinemas Business

AB International Group Corp. has announced on August 09, 2022, about hiring Ike Rivera as the company’s Cinemas Business General Manager. He makes the transition from Bow Tie Cinemas, where his most recent position was Vice President of Operations.

Rivera has over three decades of expertise in cinema operations and strategy experience. Based in the company’s Mt. Kisco Theater office, Rivera has already started in his General Manager role and reports to Chiyuan Deng, AB International Group CEO and President. In his 17 years at Loews Cineplex Entertainment/AMC Entertainment as Managing Director, he headed operations of a 16-screen theater complex. He was at Bow Tie Cinemas for 15 years, where he started as Operations Manager and then became Director of Operations. In 2013, he became Vice President of Operations and led operations of over 60 theater locations including new builds and renovations.

Chiyuan Deng, AB International Group CEO and President, has said that Rivera is extremely motivated and performance driven, which is evident with his 30+ years of success in the theatrical exhibition industry. He has experience in running operations, devising strategies, and forging connections within the movie theatre cinemas networks.

Rivera’s considerable experience in CATO (Connecticut Association of Theater Owners) Board Member, NYTB (New York Talent Board) AMC Entertainment Market Recruiter, AMC Leadership Committee Member will greatly help AB International create partnerships with movie distribution services including those from both established and emerging players.

Ike Rivera says that as an avid moviegoer, he is elated to join AB International at this transformative time for the industry. He looks forward to help Chiyuan and the team, lead operations and set strategic direction, and identify growth opportunities that will extend AB International cinemas development. The focus is to sustain the cinemas business and he will continue to help in that growth through strategic partnerships and alliances that add value for all stakeholders and audiences.

AB INTL GROUP Announces the Sale of Its Four Films’ Asia Broadcast Rights

AB International Group announced on  August 01, 2022, about entering into an agreement with the buyer to sell its 4 films “Love Over the World”, “Our Treasures”, “Confusion” and new movie “Nice to Meet You” broadcast rights of Asia for a consideration of $1.2 million in cash. Nice to Meet You is to be released globally online and in New York theaters in August or September 2022. The company continues to own all copyrights and broadcast rights (excluding those in Asia).

Traders Corner

ABQQ stock is trading below the 20-Day and 50-Day Moving averages of $0.0059 and $0.0070 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0157.

Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.