NEW YORK, Oct. 12, 2021 /PRNewswire/ -- Color Star
Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as
"Color Star" or the "Company"), an entertainment technology company
with a global network that focuses on the application of technology
and artificial intelligence (AI) in the entertainment industry,
announces a collaborative effort with musicians, music
producers, and screenwriters from around the world, to
create a global "virtual world" live musical.
The musical led by Color Star this time is themed "Dream", and
it will bring together renowned artists from around the world
to jointly create a new type of innovative, situational musical. It
will deviate from the traditional theater-style performance by
fully utilizing an impromptu performance model, and involving the
participation of all audiences, who will also become
"actors". Furthermore, all scenes will be prop scenes, with the
background and fixed props independently created in the form of
non-fungible token (NFT). The director's script will be revised
on-site based on live interaction and input from the audience, thus
ensuring that every performance will have a unique beginning and
ending. This is a brand new way of presenting live musicals
developed by Color Star. The musical will also be exclusively live
broadcasted on the Company's celebrity interactive platform, Color
Star app.
Mr. Basil Wilson, CEO of Color
Star, commented: "We are committed to creating new art forms and
combining these artistic works with the use of technology. The
innovative, situational musical, "Dream", which we created this
time, will be a bold attempt and breakthrough for us. The theme of
the musical will change depending on the country where it is
performing and the age of the participating audiences. We hope that
through this type of situational performance, the
audiences can immerse themselves in a new kind of life
experience, just like in the online virtual world that Color Star
has created. These types of 'virtual' real life experiences will
allow more people to have an intuitive and personal understanding
of the offline virtual world."
The Company expects to launch the live musical performances this
December, with tentatively scheduled locations in Dubai (UAE), New
York (USA), and Seoul
(South Korea), among others to be
confirmed. At present, the collaborating artists are undergoing
intense rehearsals and the second phase of creating this live
musical. Color Star will also incorporate advanced technology in
the production of the musical, where the combination of visual,
sound, and audio technologies will introduce a new level of
entertainment experience and bring immense artistic enjoyment to
global audiences.
About Color Star Technology
Color Star Technology Co, Ltd. (Nasdaq CM: CSCW) 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 China Entertainment 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
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
in China and
other countries where CSCW 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.