Color Star Technology Announces Having Bobby Roth, a Famous American Director, to Join its Education Platform

Rhea-AI Summary

Color Star Technology Co., Ltd. (HHT) has signed a Broadcast and Educational Licensing Agreement with renowned director Bobby Roth. Roth, known for his work on popular TV shows and films, will serve as a Star Teacher on the 'Color World' online education platform, providing insights into film production. The partnership aims to enhance the learning experience by integrating celebrity expertise. CEO Sean Liu anticipates recruiting over 100 artists as teachers, fostering a diverse educational environment. This initiative positions Color Star to elevate its brand in online entertainment and education.

Positive

• Partnership with Bobby Roth enhances credibility and appeal of the Color World platform.
• Plans to recruit over 100 artists as star teachers will diversify and enrich educational offerings.
• Strategic move to integrate celebrity experiences expected to attract more users to the platform.

Negative

• Potential risks associated with the ongoing impact of COVID-19 on operations and demand.
• Reliance on celebrity collaborations could lead to inconsistencies in the educational experience.

BEIJING, July 1, 2020 /PRNewswire/ -- Color Star Technology Co., Ltd. (Nasdaq CM: HHT) (the "Company", "we" or "HHT"), a company engaged in the business of providing education services, today announced that its wholly owned subsidiary, Color China Entertainment Limited ("Color China") has signed a Broadcast and Educational Licensing Agreement with the famous American director Bobby Roth.

Bobby Roth is a famous Hollywood director. So far, he has directed over 100 episodes of TV shows, 25 movies, and 13 cinema films. Some of his most well-known projects include shows such as "Prison Break," "Lost," and "Agents of SHIELD," and movies including "Heartbreakers" and "Jack the Dog" to name a few. Bobby Roth has also won honors at more than 100 film festivals, including the Cannes Film Festival, Berlin Film Festival and Sundance Film Festival, winning the "Lifetime Achievement Award" at the Miami Internet TV Festival in 2017. He is a founding member of the Independent Film Federation and the first Co-Chair of the Independent Film Committee of the Directors' Union.

On June 30, 2020, Bobby Roth has signed a contract with Color China to serve as a Star Teacher on the online education platform "Color World." Bobby Roth will provide those who are interested in film production with his vast experiences with actors, producers, dancers, costume designers and post-production from the director's perspective.

Management expects that its online education platform "Color World" will continue to integrate the world's stars and entertainment professionals as its teachers, giving students the superior professional and practical learning experience. Sean Liu, CEO of Color Star, said, "We hope that our Color World platform can provide our students with a new online experience that renders more professional learning experience to our students compared to other traditional online education platforms."

"Color Star is very honored to cooperate with Bobby Roth." Color Star's CEO Sean Liu further commented, "This agreement is a prelude to our plan for cooperation with more global stars and artists as teachers on Color World. We have prepared a list of one hundred artists that we plan on reaching out to recruit as star teachers for our online education platform. We believe that the launch of Color World will establish new heights for our brand of online entertainment and education."

In the future, Color Star plans on constantly updating its list of star teachers, whom will bring their various expertise in music, film, sports, animation, television, presentations, dance, art and other entertainment industries. Color Star believes that these top global celebrities and professionals can pass their precious experiences on to pupils all over the world as teachers on our platform, helping to instill the desire for knowledge in their hearts.

About Color Star Technology Co., Ltd.

Color Star Technology, is a holding company whose primary business is offering both online and offline innovative education services. Its business operations are conducted through its wholly-owned subsidiaries Color China Entertainment Ltd. and CACM Group NY, Inc. The Company also anticipates providing an after-school tutoring program in New York via its joint venture entity Baytao LLC, and providing online music education via a platform branded "Color World."

Forward-Looking Statements

Certain statements made herein are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include the business plans, objectives, expectations and intentions of the parties following the completion of the acquisition, and HHT's estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: there is uncertainty about the spread of the COVID-19 virus and the impact it will have on HHT's operations, the demand for the HHT's products and services, global supply chains and economic activity in general. These and other risks and uncertainties are detailed in the other public filings with the Securities and Exchange Commission (the "SEC") by HHT. Additional information concerning these and other factors that may impact our expectations and projections will be found in our periodic filings with the SEC, including our Annual Report on Form 20-F for the fiscal year ended June 30, 2019. HHT's SEC filings are available publicly on the SEC's website at www.sec.gov. HHT disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Color Star Technology Co., Ltd.

FAQ

What is the significance of HHT's agreement with Bobby Roth?

The agreement enhances HHT's education platform by incorporating Bobby Roth's expertise, attracting users interested in film production.

How will Bobby Roth contribute to HHT's Color World platform?

Bobby Roth will serve as a Star Teacher, sharing his film production insights and experiences with students.

What are HHT's future plans for Color World?

HHT plans to recruit over 100 artists as teachers, aiming to create a diverse and engaging educational experience.

When was the agreement with Bobby Roth signed?

The agreement was signed on June 30, 2020.

What challenges might HHT face related to the recent announcement?

HHT may face challenges due to the ongoing impact of COVID-19 affecting operations and user demand.