STOCK TITAN

Color Star Plans to Increase Business Revenue Through Attracting More Corporate Sponsorships

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags

Color Star Technology Co., (Nasdaq: ADD) announces a strategic partnership between its subsidiary, Color Metaverse Pte. , and Times Capital Research Co., (TCR). The collaboration aims to increase box office revenue and boost commercial income through investments and sponsorships for Color Metaverse's live event projects.

TCR, known for its business marketing services, will assist Color Metaverse in areas such as creative marketing, media placements, and PR activities. This partnership is expected to strengthen Color Metaverse's live performance projects and expand business channels globally.

Color Star has recently increased efforts in project marketing and strategic partnerships, particularly in Asia. The company plans to build its own event ticketing ecosystem and invite new investors to capitalize on the booming live events industry.

Color Star Technology Co., (Nasdaq: ADD) annuncia una partnership strategica tra la sua sussidiaria, Color Metaverse Pte., e Times Capital Research Co. (TCR). La collaborazione mira a incrementare le entrate al botteghino e potenziare i ricavi commerciali attraverso investimenti e sponsorizzazioni per i progetti di eventi dal vivo di Color Metaverse.

TCR, nota per i suoi servizi di marketing aziendale, assisterà Color Metaverse in aree come marketing creativo, posizionamento dei media e attività di PR. Si prevede che questa partnership rafforzi i progetti di performance dal vivo di Color Metaverse ed espanda i canali commerciali a livello globale.

Color Star ha recentemente intensificato gli sforzi nel marketing dei progetti e nelle partnership strategiche, in particolare in Asia. L'azienda intende costruire il proprio ecosistema di vendita dei biglietti per eventi e invitare nuovi investitori a capitalizzare sull'industria in forte crescita degli eventi dal vivo.

Color Star Technology Co., (Nasdaq: ADD) anuncia una asociación estratégica entre su subsidiaria, Color Metaverse Pte., y Times Capital Research Co. (TCR). La colaboración tiene como objetivo aumentar los ingresos de taquilla y potenciar los ingresos comerciales a través de inversiones y patrocinios para los proyectos de eventos en vivo de Color Metaverse.

TCR, conocida por sus servicios de marketing empresarial, ayudará a Color Metaverse en áreas como marketing creativo, colocaciones de medios y actividades de relaciones públicas. Se espera que esta asociación fortalezca los proyectos de presentaciones en vivo de Color Metaverse y expanda los canales comerciales a nivel global.

Color Star ha intensificado recientemente sus esfuerzos en marketing de proyectos y asociaciones estratégicas, especialmente en Asia. La empresa planea construir su propio ecosistema de venta de entradas para eventos e invitar a nuevos inversores a capitalizar la floreciente industria de eventos en vivo.

Color Star Technology Co., (Nasdaq: ADD)는 자회사 Color Metaverse Pte.와 Times Capital Research Co.(TCR) 간의 전략적 파트너십을 발표했습니다. 이 협력은 박스 오피스 수익을 증가시키고 상업 수익을Boost하다는 것을 목표로 하며, Color Metaverse의 라이브 이벤트 프로젝트를 위한 투자 및 후원을 통해 이루어질 것입니다.

TCR은 비즈니스 마케팅 서비스로 알려져 있으며, 창의적 마케팅, 미디어 배치, PR 활동 등 여러 분야에서 Color Metaverse를 지원할 것입니다. 이 파트너십은 Color Metaverse의 라이브 공연 프로젝트를 강화하고 전 세계적으로 비즈니스 채널을 확장할 것으로 예상됩니다.

Color Star는 최근 프로젝트 마케팅 및 전략적 파트너십에 대한 노력을 강화하였으며, 특히 아시아에서 더욱 두드러집니다. 이 회사는 자체 이벤트 티켓팅 생태계를 구축하고 새로운 투자자를 초대하여 급 성장하는 라이브 이벤트 산업에 기회를 포착할 계획입니다.

Color Star Technology Co., (Nasdaq: ADD) annonce un partenariat stratégique entre sa filiale, Color Metaverse Pte., et Times Capital Research Co. (TCR). La collaboration vise à augmenter les revenus du box-office et à booster les revenus commerciaux grâce à des investissements et des parrainages pour les projets d'événements en direct de Color Metaverse.

TCR, connu pour ses services de marketing d'entreprise, aidera Color Metaverse dans des domaines tels que le marketing créatif, le placement médiatique et les activités de relations publiques. On s'attend à ce que ce partenariat renforce les projets de performances en direct de Color Metaverse et élargisse les canaux commerciaux à l'échelle mondiale.

Color Star a récemment intensifié ses efforts en matière de marketing de projet et de partenariats stratégiques, en particulier en Asie. L'entreprise prévoit de construire son propre écosystème de billetterie pour les événements et d'inviter de nouveaux investisseurs à tirer parti de l'industrie en plein essor des événements en direct.

Color Star Technology Co., (Nasdaq: ADD) kündigt eine strategische Partnerschaft zwischen ihrer Tochtergesellschaft Color Metaverse Pte. und Times Capital Research Co. (TCR) an. Die Zusammenarbeit zielt darauf ab, die Einnahmen aus dem Ticketverkauf zu steigern und die kommerziellen Einnahmen zu erhöhen durch Investitionen und Sponsoring für die Live-Event-Projekte von Color Metaverse.

TCR, bekannt für seine GeschäftMarketing-Dienstleistungen, wird Color Metaverse in Bereichen wie kreatives Marketing, Medienplatzierungen und PR-Aktivitäten unterstützen. Es wird erwartet, dass diese Partnerschaft die Live-Performance-Projekte von Color Metaverse stärkt und die Geschäftskanäle weltweit erweitert.

Color Star hat kürzlich die Anstrengungen im Projektmarketing und in strategischen Partnerschaften insbesondere in Asien verstärkt. Das Unternehmen plant, ein eigenes Ticket-Ökosystem für Veranstaltungen aufzubauen und neue Investoren einzuladen, um von der boomenden Live-Events-Branche zu profitieren.

Positive
  • Strategic partnership with TCR to increase box office revenue and commercial income
  • Expansion of business channels through TCR's global resources
  • Recent cooperation achievements in project execution and ticketing in Asia
  • Plans to build an own event ticketing ecosystem
Negative
  • None.

NEW YORK, July 24, 2023 /PRNewswire/ -- Color Star Technology Co., Ltd. (Nasdaq: ADD) ("Color Star" or the "Company"), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry, announces that its subsidiary, Color Metaverse Pte. Ltd. ("Color Metaverse"), and Times Capital Research Co., Limited ("TCR") have entered into a framework strategic partnership agreement to work on gathering investments to Color Metaverse's various live event projects. Under the new agreement, Color Metaverse expects to increase box office revenue while also boosting commercial income through investments and commercial sponsorships.

TCR offers many services, with business marketing being its most prominent. Through different forms of media, online communities and social networking platforms, TCR provides services such as creative marketing, media placements, self-promotion, online and offline PR activities, KOL marketing, various ads on various social media feeds, SEO optimization, etc. TCR will also assist enterprises in localization and globalization management, guiding their development and providing them a large amount of business resources. For this reason, the planned cooperation between Color Star and TCR will help strengthen Color Metaverse's live performance projects and also increase business channels through TCR's resources and introduce new business partnerships in Asia and worldwide.

Recently, Color Star began cooperating on the marketing of various projects and events around the world. Specifically in Asia, cooperation has been achieved in terms of project execution and ticketing. The Company has also increased its efforts towards establishing strategic partnerships with more outstanding businesses.

"In the live events industry, we believe that the biggest profit comes from ticket revenue and commercial sponsorships," explained Louis Luo, CEO of Color Star. "We plan to build our own event ticketing ecosystem, while also actively inviting new investors to cooperate with us, which will help us strive in the booming live events industry and bring in a continuous stream of income. We are breaking regional barriers, establishing partnerships with production companies in specific regions, and doing our best to perfectly execute our projects, delivering that perfect experience for the public."

About Color Star Technology Co., Ltd.

Color Star Technology Co., Ltd. (Nasdaq: ADD) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries, Color Metaverse Pte. Ltd. and CACM Group NY, Inc. The Company's online education is provided through its Color World music and entertainment education platform. More information about the Company can be found at www.colorstarinternational.com and www.colorstar.investorroom.com.

Forward-Looking Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development, including the development of the metaverse project; product and service demand and acceptance; changes in technology; economic conditions; the growth of the educational and training services market internationally where ADD conducts its business; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.

Cision View original content:https://www.prnewswire.com/news-releases/color-star-plans-to-increase-business-revenue-through-attracting-more-corporate-sponsorships-301883668.html

SOURCE Color Star Technology Co., Ltd.

FAQ

What is the purpose of Color Star's partnership with Times Capital Research Co., ?

The partnership aims to increase box office revenue and boost commercial income through investments and sponsorships for Color Metaverse's live event projects.

How does Color Star (ADD) plan to increase its business revenue?

Color Star plans to increase revenue by attracting more corporate sponsorships, building its own event ticketing ecosystem, and inviting new investors to cooperate in the live events industry.

What services will Times Capital Research Co., provide to Color Star (ADD)?

TCR will provide services such as creative marketing, media placements, PR activities, KOL marketing, social media advertising, and SEO optimization to strengthen Color Metaverse's live performance projects.

What are Color Star's (ADD) recent business developments in Asia?

Color Star has achieved cooperation in project execution and ticketing in Asia, and has increased efforts towards establishing strategic partnerships with outstanding businesses in the region.

Color Star Technology Co., Ltd.

NASDAQ:ADD

ADD Rankings

ADD Latest News

ADD Stock Data

4.03M
60.26M
4.47%
1.05%
1.27%
Entertainment
Communication Services
Link
United States of America
New York