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Color Star Technology and Three Angles Production Announce Strategic Partnership to Increase Cooperation in the Southeast Asian Live Events Industry

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Color Star Technology Co., (Nasdaq: ADD) has announced a strategic partnership between its subsidiary, Color Metaverse Pte. , and Three Angles Production. This collaboration aims to expand development in the live events industry, particularly in Southeast Asia. Three Angles, an international media and entertainment company, brings experience in producing shows for top celebrities and has a strong presence in Singapore and Malaysia.

The partnership is expected to enhance Color Star's live performance business in Southeast Asia. Color Star has been actively developing its live events segment, forming strategic partnerships, and signing top talents. The company plans to utilize its artificial intelligence technology and metaverse software to introduce online functionalities such as electronic ticket vending and live streaming.

Color Star believes that the recovery of the performance industry will drive ticket revenue and commercial sponsorship. The company aims to integrate e-commerce to maximize profits in the digital age.

Color Star Technology Co., (Nasdaq: ADD) ha annunciato una partnership strategica tra la sua filiale, Color Metaverse Pte., e Three Angles Production. Questa collaborazione mira ad espandere lo sviluppo nell'industria degli eventi dal vivo, specialmente nel sud-est asiatico. Three Angles, una società internazionale di media e intrattenimento, porta esperienza nella produzione di spettacoli per famosi artisti e ha una forte presenza a Singapore e in Malesia.

La partnership dovrebbe potenziare il business delle performance dal vivo di Color Star nel sud-est asiatico. Color Star sta sviluppando attivamente il suo segmento di eventi dal vivo, formando partnership strategiche e firmando talenti di alto calibro. L'azienda prevede di utilizzare la sua tecnologia di intelligenza artificiale e software metaverso per introdurre funzionalità online come la vendita di biglietti elettronici e lo streaming in diretta.

Color Star è convinta che il recupero dell'industria delle performance porterà a un aumento delle entrate da biglietti e sponsorizzazioni commerciali. L'azienda mira a integrare l'e-commerce per massimizzare i profitti nell'era digitale.

Color Star Technology Co., (Nasdaq: ADD) ha anunciado una asociación estratégica entre su subsidiaria, Color Metaverse Pte., y Three Angles Production. Esta colaboración tiene como objetivo expandir el desarrollo en la industria de eventos en vivo, particularmente en el sudeste asiático. Three Angles, una empresa internacional de medios y entretenimiento, aporta experiencia en la producción de espectáculos para celebridades de renombre y tiene una fuerte presencia en Singapur y Malasia.

Se espera que la asociación mejore el negocio de presentaciones en vivo de Color Star en el sudeste asiático. Color Star ha estado desarrollando activamente su segmento de eventos en vivo, formando alianzas estratégicas y contratando talentos destacados. La empresa planea utilizar su tecnología de inteligencia artificial y software de metaverso para introducir funcionalidades en línea como la venta de boletos electrónicos y la transmisión en vivo.

Color Star cree que la recuperación de la industria de espectáculos impulsará los ingresos por boletos y el patrocinio comercial. La empresa tiene como objetivo integrar el comercio electrónico para maximizar las ganancias en la era digital.

Color Star Technology Co., (Nasdaq: ADD)는 자회사가 있는 Color Metaverse Pte.와 Three Angles Production 간의 전략적 파트너십을 발표했습니다. 이 협력은 라이브 이벤트 산업의 개발을 확장하는 것을 목표로 하며, 특히 동남아시아에서 이루어집니다. Three Angles는 유명 인물을 위한 쇼 제작 경험을 가진 국제 미디어 및 엔터테인먼트 회사로, 싱가포르와 말레이시아에 강한 입지를 가지고 있습니다.

이 파트너십은 동남아시아에서 Color Star의 라이브 공연 비즈니스를 강화할 것으로 기대됩니다. Color Star는 라이브 이벤트 부문을 적극적으로 개발하고 있으며, 전략적 파트너십을 체결하고 주요 인재를 영입하고 있습니다. 회사는 인공지능 기술과 메타버스 소프트웨어를 활용하여 전자 티켓 판매와 라이브 스트리밍과 같은 온라인 기능을 도입할 계획입니다.

Color Star는 공연 산업의 회복이 티켓 수익과 상업적인 후원을 촉진할 것이라고 믿고 있습니다. 이 회사는 디지털 시대에 최대 이익을 내기 위해 전자 상거래를 통합할 계획입니다.

Color Star Technology Co., (Nasdaq: ADD) a annoncé un partenariat stratégique entre sa filiale, Color Metaverse Pte., et Three Angles Production. Cette collaboration vise à développer l'industrie des événements en direct, en particulier en Asie du Sud-Est. Three Angles, une entreprise internationale de médias et de divertissement, apporte son expérience dans la production de spectacles pour des célébrités de renom et a une forte présence à Singapour et en Malaisie.

Ce partenariat devrait renforcer l'activité de performances en direct de Color Star en Asie du Sud-Est. Color Star développe activement son segment d'événements en direct, en formant des partenariats stratégiques et en signant des talents de premier plan. L'entreprise prévoit d'utiliser sa technologie d'intelligence artificielle et son logiciel Metaverse pour introduire des fonctionnalités en ligne, telles que la vente de billets électroniques et le streaming en direct.

Color Star est convaincu que la récupération de l'industrie de la performance stimulera les revenus des billets et le parrainage commercial. L'entreprise vise à intégrer l'e-commerce pour maximiser les profits à l'ère numérique.

Color Star Technology Co., (Nasdaq: ADD) hat eine strategische Partnerschaft zwischen ihrer Tochtergesellschaft, Color Metaverse Pte., und Three Angles Production angekündigt. Diese Zusammenarbeit zielt darauf ab, die Entwicklung in der Live-Event-Industrie zu erweitern, insbesondere in Südostasien. Three Angles, ein internationales Medien- und Unterhaltungsunternehmen, bringt Erfahrung in der Produktion von Shows für Top-Prominente mit und hat eine starke Präsenz in Singapur und Malaysia.

Es wird erwartet, dass die Partnerschaft das Live-Performance-Geschäft von Color Star in Südostasien verbessert. Color Star entwickelt aktiv sein Segment für Live-Events, schließt strategische Partnerschaften und verpflichtet Spitzenkräfte. Das Unternehmen plant, seine Künstliche Intelligenz-Technologie und Metaverse-Software zu nutzen, um Online-Funktionen wie elektronische Ticketverkäufe und Live-Streaming einzuführen.

Color Star ist überzeugt, dass die Erholung der Performance-Industrie die Ticketanfragen und kommerziellen Sponsoren ankurbeln wird. Das Unternehmen beabsichtigt, E-Commerce zu integrieren, um die Gewinne im digitalen Zeitalter zu maximieren.

Positive
  • Strategic partnership with Three Angles Production to expand in the Southeast Asian live events market
  • Access to Three Angles' network of top international celebrities and performance resources in Singapore and Malaysia
  • Development of live events segment with planned events production matrix
  • Integration of AI technology and metaverse software for online functionalities in live events
  • Potential increase in ticket revenue and commercial sponsorship due to industry recovery
Negative
  • None.

NEW YORK, July 13, 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 Three Angles Production ("Three Angles") have entered into a framework strategic cooperation agreement with plans to increase development efforts within the live events industry around the world and specifically in Southeast Asia, which is planned to become one of the key areas for Color Star's business development.

Three Angles is an international media and entertainment company with offices in Australia, Indonesia, the Philippines, Singapore, and Korea. It has an experienced  production team and access to an impressive network of top international celebrities. The company has been involved in the production of shows for Britney Spears, Chungha, THE BOYZ, amongst others. Three Angles has a wide range of performance resources specifically in Singapore and Malaysia. The partnership which is planned to be set forth in a definitive agreement aims to improve Color Star's live performance business in Southeast Asia. This year has seen Color Star quickly developing its live events segment, laying out a planned events production matrix, entering into new strategic partnerships, continuously signing top talents and events, and presenting exciting entertainment projects in response to the changing market environment.

Recently, the world has witnessed the resurgence of live performances, with large international events and performances taking place one after another. Color Star has been actively working on organizing music festivals, music concerts and sporting events. It is currently involved in many collaborations and partnerships in Europe, the Middle East and Asia. In order to maximize the quality of the events, increase ticket revenue and improve all kinds of commercial cooperation, Color Star has set up an international team to prepare and carry out these live events. Meanwhile, Color Star also plans to make use of its artificial intelligence technology and metaverse software application by introducing online functionalities such as electronic ticket vending, online live streaming, online variety shows, and other digital content.

The Company believes that the recovery of the performance industry has most directly driven ticket revenue and commercial sponsorship revenue. Furthermore, e-commerce has to be properly integrated to efficiently maximize profits in the current digital age.

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-technology-and-three-angles-production-announce-strategic-partnership-to-increase-cooperation-in-the-southeast-asian-live-events-industry-301876241.html

SOURCE Color Star Technology Co., Ltd.

FAQ

What is the purpose of Color Star Technology's partnership with Three Angles Production?

The partnership aims to increase development efforts in the live events industry, particularly in Southeast Asia, which is planned to become a key area for Color Star's business development.

How does Color Star Technology (ADD) plan to enhance its live events business?

Color Star plans to use its artificial intelligence technology and metaverse software to introduce online functionalities such as electronic ticket vending, online live streaming, and online variety shows.

What regions is Color Star Technology (ADD) focusing on for its live events business?

Color Star is actively working on organizing events in Europe, the Middle East, and Asia, with a particular focus on Southeast Asia through its partnership with Three Angles Production.

How does Color Star Technology (ADD) plan to maximize profits in the digital age?

Color Star aims to integrate e-commerce efficiently with its live events business to maximize profits in the current digital age.

Color Star Technology Co., Ltd.

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