This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

FAB Universal Signs Partnership Agreements To Expand Retail Operations

Stocks in this article: FU

FAB Universal (NYSE MKT: FU), a worldwide distributor of digital entertainment, today announced it has entered into agreements with Time Antaeus Cinema and Shouhang Supermarkets to open multiple FAB branded media and entertainment retail ‘mini-stores’. These agreements create a new channel to open digital media retail store-in-stores and install FAB intelligent media kiosks in popular, high traffic locations.

While consumers come to the cinema to enjoy the latest blockbuster or shop for their weekly groceries at the local supermarket, 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. FAB and its partners will share in the revenue proportionately. The first 3-5 locations will open in the first half of 2013 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 Chris Spencer, CEO, FAB Universal Corp. “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.”

Founded in 2005, Time Antaeus Cinema has become one of the top cinema chains in China with 92 locations. The Company’s proprietary video projectors were used in the 2008 Beijing Olympic Games opening ceremony. Founded in 1995, Shouhang Supermarkets operate 45 locations in Beijing and had total revenues in 2011 of approximately $150 million.

About FAB Universal Corp:

FAB Universal Corp. is a global leader in digital media entertainment sales and distribution. FAB delivers media to its customers worldwide through Intelligent Kiosks, Retail Stores, Retail Franchises and online through Apple iTunes and Google Android through three business units: Digital Media Services, Retail Media Sales and Wholesale Media Distribution. We distribute billions of movie, music, podcast, TV show and other digital files to consumers in 240 countries. Sales of digital media are generated through kiosks networks, subscription sales for mobile devices, smartphone Apps and Netflix-like subscription models. In 2011, we distributed billions of downloads of copyrighted music, video games, ringtones, ebooks, movies and podcasts to over 50 million people worldwide through iPods, iPhones, iPads, iTunes, Blackberrys, Windows Phones, Androids and many other devices and destinations. We are a publicly held, Pittsburgh based company with thousands of shareholders and a world-class team. Visit us on the web at www.fabuniversal.com, email us at contact@fabuniversal.com.

Legal Notice

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs