NEW YORK, July 14, 2021 /PRNewswire/ -- Color Star
Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as
"Color Star" or the "Company"), in partnership with the Dubai
Tourism Bureau, will hold the first Color Star APP live music
concert on July 23rd at the Dubai
International Convention and Exhibition Center. Tickets are
currently sold on platinumlist.net with high demand.
The live concert in Dubai will
allow audiences worldwide to enjoy the infinite charm of Color Star
music. In a global environment impacted by the pandemic, confidence
and hope are precious. Despite the difficulty during the
downturn, Color Star has discovered opportunities in crisis,
accumulating resources to make this live performance happen.
With the integration of technology and innovation, and the
captivating experience of stage and live music, Color Star will
once again prove its excellence in hosting large-scale
performances.
For the upcoming Dubai concert,
Color Star invited Arab mega stars Aseel Hameem and Walid Al Sham, the Queen and King of the
Arabic-speaking world. Owning a massive fan base, data shows that
together they have nearly 3 billion followers on social media.
Color Star believes they will draw many fans to the event and help
drive the event's profitability. Before performance starts, the
celebrities will conduct real-time broadcasts through Color
Star APP, Color Star's online celebrity platform, to interact
with global audiences. This will help drive Color Star APP's
on-demand traffic and increase the number of our global users.
In addition, the Dubai concert on July 23rd will be the first time the Company
uses an augmented reality (AR) intelligence system, allowing
online audiences to interact with celebrities and creating a
brand-new online concert experience. The Dubai concert will be a prelude to Color
Star's plans to resume live concerts worldwide. The Company expects
to hold more than 50 global concerts within a year, with some to be
broadcasted real-time via the interactive celebrity platform Color
Star APP, allowing audiences around the world opportunities to
enjoy top-notch concerts at home.
The CEO of Color Star, Mr. Basil
Wilson, commented: "The Arab region has a population of 420
million people with vast cultural and entertainment needs. Through
this performance, we hope to not only promote the local
entertainment industry, but also gain recognition of the company in
the Middle East. We invited two
super influential celebrities from the region to help drive ticket
sales and increase our fan base via live performances and online
interaction. This will greatly boost the business of Color Star and
lay the foundation for the launch of other live performances. We
hope to seize the opportunity to provide entertainment in the
Middle East, and to focus on
business development in the region this year. In order to deepen
our connections in the Middle
East, we are applying for a secondary listing on Nasdaq
Dubai. I am confident that Color Star will not only bring
outstanding music performances to the world, but also create
high-quality cultural and entertainment projects in the future.
In the meantime, the Company is also planning live concerts and
music festivals in multiple U.S. cities for October 2021, reopening its live music business.
In the future, these concerts and music festivals will continue to
contribute to the Company's copyrights, as well as generate
additional revenue from ticket sales, advertising sponsorship, and
among others, to increase the company's operating income. In
conjunction with online content, Color Star will be able to attract
more fans and members for virtual cultural entertainment and
increase on-demand member volume.
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; 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.
For more information, please contact:
William Tu
Skyline Corporate Communications Group, LLC
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: wtu@skylineccg.com
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SOURCE Color Star Technology Co., Ltd.