Fab Universal in China tie up

Fab Universal, a distributor of digital entertainment, has entered into agreements with Time Antaeus Cinema and Shouhang Supermarkets to open multiple Fab branded media and entertainment retail ‘mini-stores’ in China.

Fab’s ‘Intelligent Media Kiosks’ will provide convenient download services directly to customer’s smart phones for digital content such as high quality films and popular music. Fab will also offer kiosk membership cards, CD’s, DVD’s and other entertainment retail products.

According to the agreements, the partners will provide retail space inside their locations free of charge to Fab Universal to build and operate Fab branded digital media stores and intelligent kiosk destinations, sharing the revenue.

The first three to five locations will open in the first half in Beijing, Chengdu and Guangzhou.

“Fab is always looking for unique opportunities to accelerate growth and speed the adoption of our digital copyrighted content platform,” said CEO Chris Spencer.

“These partnerships are substantial opportunities for Fab to grow its earnings and expand its brand. Fab plans to design a world-class digital entertainment mini-store model and continue to expand its highly profitable ‘Intelligent Media Kiosk’ network,” he added.

Founded in 2005, Time Antaeus Cinema has 92 locations while Shouhang Supermarkets, founded in 1995, operates 45 locations in Beijing.

GB

Recommended By IR

You have 7 articles remaining. Unlock 15 free articles a month, it’s free.