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Color Star Will Host Color Cup WBA World Boxing Championships - First Fight Will Be Held in Dubai

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Color Star Technology Co., (Nasdaq: ADD) has announced a partnership with The World Boxing Association (WBA) to host the 'Color Cup WBA World Boxing Championship' globally. The first event will be held in Dubai in July 2023. This marks Color Star's debut as an organizer of an internationally recognized boxing event.

The championship aims to promote WBA's influence and boxing globally while generating commercial profits through live broadcasting, online streaming, exclusive NFT tokens, and business partnerships. Liu Gang, an internationally renowned boxing promoter, highlighted the competition's appeal and potential business opportunities for participants.

The WBA, the oldest authoritative world boxing organization, has members from 167 countries and regions. Its gold champion belt is a prestigious symbol in the boxing world, previously held by legendary boxers like Muhammad Ali and Mike Tyson.

Color Star Technology Co., (Nasdaq: ADD) ha annunciato una partnership con la World Boxing Association (WBA) per ospitare il 'Color Cup WBA World Boxing Championship' a livello globale. Il primo evento si terrà a Dubai a luglio 2023. Questo segna il debutto di Color Star come organizzatore di un evento di boxe riconosciuto a livello internazionale.

Il campionato punta a promuovere l'influenza della WBA e la boxe in tutto il mondo, generando profitti commerciali attraverso trasmissioni in diretta, streaming online, token NFT esclusivi e partnership commerciali. Liu Gang, un promotore di boxe di fama internazionale, ha sottolineato l'appeal della competizione e le potenziali opportunità commerciali per i partecipanti.

La WBA, la più antica organizzazione di boxe mondiale, ha membri provenienti da 167 paesi e regioni. La sua cintura di campione d'oro è un simbolo prestigioso nel mondo della boxe, in passato detenuta da leggendari pugili come Muhammad Ali e Mike Tyson.

Color Star Technology Co., (Nasdaq: ADD) ha anunciado una asociación con la Asociación Mundial de Boxeo (WBA) para albergar el 'Color Cup WBA World Boxing Championship' a nivel global. El primer evento se llevará a cabo en Dubái en julio de 2023. Esto marca el debut de Color Star como organizador de un evento de boxeo reconocido internacionalmente.

El campeonato tiene como objetivo promover la influencia de la WBA y el boxeo a nivel mundial, generando beneficios comerciales a través de transmisiones en vivo, streaming en línea, tokens NFT exclusivos y asociaciones comerciales. Liu Gang, un promotor de boxeo de renombre internacional, destacó el atractivo de la competencia y las potenciales oportunidades comerciales para los participantes.

La WBA, la organización de boxeo mundial más antigua, tiene miembros de 167 países y regiones. Su cinturón de campeón de oro es un símbolo prestigioso en el mundo del boxeo, que anteriormente fue ostentado por boxeadores legendarios como Muhammad Ali y Mike Tyson.

Color Star Technology Co., (Nasdaq: ADD)는 세계 권투 협회(WBA)와 협력하여 전 세계에서 'Color Cup WBA 세계 권투 Championship'을 개최한다고 발표했습니다. 첫 번째 이벤트는 2023년 7월 두바이에서 열릴 예정입니다. 이는 Color Star가 국제적으로 인정받는 권투 이벤트의 주최자로서 데뷔하는 것을 의미합니다.

이 대회는 WBA의 영향력과 권투를 전 세계적으로 홍보하고, 실시간 방송, 온라인 스트리밍, 독점 NFT 토큰 및 비즈니스 파트너십을 통해 상업적 이익을 창출하는 것을 목표로 하고 있습니다. 국제적으로 유명한 권투 프로모터 Liu Gang은 대회의 매력과 참가자들을 위한 잠재적 비즈니스 기회를 강조했습니다.

WBA는 세계에서 가장 오래된 권위 있는 권투 조직으로, 167개 국가 및 지역의 회원을 보유하고 있습니다. 그들의 골드 챔피언 벨트는 권투 세계에서 유명한 상징으로, 이전에 무하마드 알리와 마이크 타이슨과 같은 전설적인 권투 선수들이 보유한 바 있습니다.

Color Star Technology Co., (Nasdaq: ADD) a annoncé un partenariat avec la World Boxing Association (WBA) pour organiser le 'Color Cup WBA Championnat du Monde de Boxe' à l'échelle mondiale. Le premier événement se tiendra à Dubaï en juillet 2023. Cela marque les débuts de Color Star en tant qu'organisateur d'un événement de boxe reconnu internationalement.

Le championnat vise à promouvoir l'influence de la WBA et la boxe dans le monde entier, tout en générant des profits commerciaux par le biais de diffusions en direct, de streaming en ligne, de tokens NFT exclusifs et de partenariats commerciaux. Liu Gang, un promoteur de boxe de renommée internationale, a souligné l'attrait de la compétition et les opportunités commerciales potentielles pour les participants.

La WBA, la plus ancienne organisation de boxe au monde, compte des membres provenant de 167 pays et régions. Son ceinture de champion d'or est un symbole prestigieux dans le monde de la boxe, précédemment détenu par des boxeurs légendaires tels que Muhammad Ali et Mike Tyson.

Color Star Technology Co., (Nasdaq: ADD) hat eine Partnerschaft mit der World Boxing Association (WBA) angekündigt, um die 'Color Cup WBA Weltmeisterschaft im Boxen' weltweit auszurichten. Die erste Veranstaltung findet im Juli 2023 in Dubai statt. Dies markiert das Debüt von Color Star als Veranstalter eines international anerkannten Box-Events.

Die Meisterschaft zielt darauf ab, den Einfluss der WBA und den Boxsport weltweit zu fördern und dabei kommerzielle Gewinne durch Live-Übertragungen, Online-Streaming, exklusive NFT-Token und Geschäftspartnerschaften zu generieren. Liu Gang, ein international renommierter Boxpromoter, hob die Attraktivität des Wettbewerbs und die potenziellen Geschäftsmöglichkeiten für die Teilnehmer hervor.

Die WBA, die älteste autoritative Boxorganisation der Welt, hat Mitglieder aus 167 Ländern und Regionen. Ihr Gold-Champion-Gürtel ist ein prestigeträchtiges Symbol in der Boxwelt, das zuvor von legendären Boxern wie Muhammad Ali und Mike Tyson gehalten wurde.

Positive
  • Partnership with World Boxing Association (WBA) to host global boxing championships
  • Expansion into high-profile sporting events, diversifying from entertainment performances
  • Potential increase in business collaborations and economic benefits
  • Multiple revenue streams: live broadcasting, online streaming, NFT tokens, business partnerships
Negative
  • None.

NEW YORK, May 30, 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, today has announced its official partnership with The World Boxing Association ("WBA") to host the "Color Cup WBA World Boxing Championship" in multiple regions and countries worldwide. This marks Color Star's first time hosting an internationally recognized boxing event as the organizer. The first stop of the championship will be held in Dubai in July 2023, and many more related events are planned for the future. Once the competition kicks off, we expect to see increases in business collaborations and economic benefits to Color Star, and also signifies that we plan on not only engaging in entertainment performances but also expanding into other high-profile sporting events.

The "Color Cup WBA World Boxing Championship" will not only promote the influence of WBA and the sport of boxing on a global scale through the competition, but also provide various commercial profits through on-site live broadcasting, online broadcasting, exclusive NFT tokens, and business partnerships.

Liu Gang, the other collaborator of this competition and an internationally renowned boxing promoter, stated, "Boxing, as a sport, has an extraordinary impact worldwide, and all the participants in this competition are top international boxers, making it even more appealing and professional. Due to the pandemic, many outstanding professional boxers were unable to participate in such prestigious competitions before. Our competition will not only provide them with a stage of honor, but also bring them unlimited business opportunities. As for the competition itself, it is one of the most attractive events after the pandemic, and more business partners will collaborate with us, allowing the brand and economic values of this competition to go hand in hand."

As the most prestigious, longest-established, and oldest authoritative world boxing organization in the world, the WBA has members from 167 countries and regions, and its gold champion belt is regarded by boxers as a symbol for a world boxing champion. Many famous boxing champions today were once WBA champions, such as heavyweight champions Muhammad Ali, Mike Tyson, and Lennox Lewis, and middleweight champions Oscar De La Hoya and Bernard Hopkins.

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.

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SOURCE Color Star Technology Co., Ltd.

FAQ

When and where will the first Color Cup WBA World Boxing Championship be held?

The first Color Cup WBA World Boxing Championship will be held in Dubai in July 2023.

What are the potential revenue sources for Color Star (ADD) from the boxing championship?

Color Star (ADD) expects to generate revenue through on-site live broadcasting, online broadcasting, exclusive NFT tokens, and business partnerships related to the boxing championship.

How many countries and regions are represented in the World Boxing Association (WBA)?

The World Boxing Association (WBA) has members from 167 countries and regions.

What is the significance of the WBA gold champion belt in the boxing world?

The WBA gold champion belt is regarded as a symbol of world boxing championship status and has been held by many famous boxing champions throughout history.

Color Star Technology Co., Ltd.

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