FAB Universal (NYSE MKT: FU), a worldwide distributor of digital entertainment, announced today that it has entered into a five year advertising agreement with Shanghai Qiujia Culture Media to provide advertising on the top screen of the FAB Intelligent Media Kiosk Network. Total annual revenue from this agreement is expected to top $1.6 million and the agreement is non-exclusive.
Shanghai Qiujia Media is an outdoor media company engaging in advertisement design, production and distribution. Qiujia Media is an Information Network system equipment supplier as well an interactive media advertising operator. In 2008, Qiujia Media cooperated with Shanghai Transport Investment Corporation to develop a Public Information Network System, owning the electronic information transport publishing rights that publishes advertisements and other data to railways, buses and subways.
FAB generates revenues from its Intelligent Media Kiosk Business through the sale of licenses, ongoing media content downloads, media membership cards and kiosk-based advertising. Consumers can purchase and download copyrighted music, video games and movies directly to their cell phones or other mobile devices. FAB Media Kiosks can also run video ads on the high-tech LCD screens and accept payments for utility bills, metro cards, credit card bills, and other services.
Click here to see pictures of the FAB Media Kiosks.