- AI+ Hubs Corp, a subsidiary of AB International Group Corp (ABQQ, Financial), acquires ufilm AI intellectual property.
- The acquisition is projected to generate $28 million annually in royalties per licensed platform from ufilm AI, expecting $476 million in cumulative revenue over three years.
- Uflix.ai is the first client to license ufilm AI technology, tapping into the growing OTT and entertainment markets.
AI+ Hubs Corp, a subsidiary of AB International Group Corp (ABQQ), has announced the acquisition of ufilm AI intellectual property. This strategic move positions AI+ Hubs as a significant player in AI-driven content creation. ufilm AI technology facilitates the easy creation of TV series, comprising 1-50 episodes ranging from 1 to 35 minutes each, using smartphones. It automates the processes of storyboard generation, ad insertion, and editing.
The first licensing agreement is with Uflix.ai, marking a promising start for AI+ Hubs in the IP licensing business. Each licensed platform is projected to generate $280 million in annual revenue, with AI+ Hubs receiving a 10% royalty of $28 million. The company aims to license the technology to two platforms, projecting a cumulative revenue stream of $476 million over three years.
This acquisition aligns with the burgeoning global OTT TV and video market, anticipated to grow to $215 billion by 2029. The film and entertainment sector is also expected to reach $202.9 billion by 2030. AI+ Hubs is committed to ongoing research and development to enhance ufilm AI's capabilities, including language support and faster content generation.
Chiyuan Deng, CEO of AI+ Hubs Corp, expressed confidence in the acquisition, noting that it strengthens their technological edge in AI-driven content creation while opening up new opportunities for IP licensing. The company plans to actively seek global partnerships to expand its licensing business and deliver long-term value for investors.
