FAB Universal Corp. (FAB) operates through its two subsidiaries, Webmayhem, Inc. (Libsyn), which operates podcast hosting and distribution services. Digital Entertainment International Ltd. (DEI), operates its wholly-owned subsidiary, Beijing Dingtai Guanqun Culture Co., Ltd. (DGC), which controls the management of the operating entities, FAB Media and FAB Digital, through VIE contracts. The Company conducts its retail business through its flagship stores. The Company’s wholesale business provides audio-video products such as compact discs, video compact discs and digital video discs as well as celebrity derivative products, digital products and mobile devices. FAB does not directly sell or own the media kiosks.