Wizzard Media (NYSE MKT: WZE), the leading digital media podcast network, today released the second of several informational business overviews regarding FAB. Over the next several weeks, Wizzard plans to issue overviews based on various FAB business segments including: wholesale media distribution, retail distribution of media products as well as digital kiosk based franchise distribution of media products.
FAB Retail Media Distribution Business
Founded in 2003, FAB is headquartered in Beijing and distributes over 150,000 media based products including copyrighted DVD’s, Blu-ray Discs, music CD’s, video games and downloadable digital content through three distribution channels – wholesale, retail and digital kiosks.
Audited Revenues for FAB’s Retail business segment were $7.8 million in fiscal 2010 and $9.7 million in fiscal 2011. FAB currently operates a 30,000 sq. ft. store in the prestigious Joy City shopping mall (recently visited by Wizzard’s CEO and CFO) and is currently updating and relocating a second store to the new Guosheng shopping mall. See pictures of both of these stores by clicking here.FAB’s Retail distribution business is built around large, showcase retail stores located in high-end shopping malls that sell media content and related media devices. FAB’s flagship stores serve as showcases for movie and music star autograph appearances. Through licensing agreements signed with media companies, FAB is able to use its stores as platforms for domestic star signing ceremonies, with over 2,000 events attended by millions of fans under its belt FAB’s Retail operation has grown to become China’s most well-known venue for new media releases and announcements. In addition to generating significant revenue selling traditional media, the stores are flagships for building FAB brand awareness with consumers and promoting the expansion of FAB’s franchises. Additional retail stores are planned for Chengdu, Guangzhou, and Shanghai. The Chinese government has recently announced initiatives for the protection of copyrighted content as both an official policy and a strategic priority for expansion by Western media, and it has publicly recognized FAB as an anti-piracy champion. Post-acquisition, the parties intend to aggressively pursue opportunities for expansion and further acquisition in China’s fragmented and emerging media industry.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV