Color Star Technology Co Ltd Stock Price, News & Analysis

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) 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) 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.