NEW YORK, Jan. 19, 2021 /PRNewswire/ -- Color Star
Technology Co., Ltd. (Nasdaq CM: CSCW) (the "Company," or "Color
Star"), is an entertainment and education company that provides
online entertainment performances and online music education
services. "Godfather of Pop Music" Lou Dayou's "Yihua Donglu
Online Singing" concert, which is exclusively for Color World, has
inaugurated the launch of the Company's international version
of its Color World App.
Luo Dayou, a Taiwanese singer and songwriter,
is recognized as the "Godfather of Pop Music" in Greater China and is one of the most
important figures in Chinese pop music and the Asia music industry. During the 1980s,
Mr. Luo became one of the most influential Mandopop
singer-songwriters with his melodic lyrics and love songs, and his
witty representations that he infused in his most popular songs. He
is recognized as a cultural icon in Asia. Through his cooperation with Color Star
Technology, Luo Dayou's harmonious music and touching songs may now
be heard by audiences all over the world through the Color World
App.
"We are glad to launch the international version of our Color
World App after so much intense work. Luo Dayou's online
performance is the first video concert put on our App, we plan to
continue offering performances by additional well-known artists
from Europe, America, Asia and beyond, and plan to continue
marketing our international App to grow our user base in new parts
of the globe. We believe the Company is well positioned to take
advantage of the increasing desire to consume entertainment
virtually, and has implemented the infrastructure and technology to
capitalize on this trend and allow people to experience the appeal
of their favorite stars from the comfort of their own home,"
commented Luke Lu, Chairman and
Chief Executive Officer of Color Star.
Color World App offers both a Chinese version, which launched
on September 10, 2020 and an international version, which
launched on December 30, 2020. So far
Color World App has attracted over 5 million users to download the
App, and now has reached 1 million registered users since the first
online concert in September 2020. It
currently offers online celebrity classes, online concert, live
streaming, fan video interaction, celebrity co-branded products,
etc. Color Star will continue strengthening the research and
development, invest more in augmented reality (AR) software
development. Currently the Company is developing the technology for
full scene virtual concert, it can let the audiences of online
concert have more feeling of presence and participation through the
use of AR technology.
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.
View original
content:http://www.prnewswire.com/news-releases/color-star-technology-announces-luo-dayou-concert-is-now-live-on-the-international-version-of-its-color-world-app-301210230.html
SOURCE Color Star Technology Co., Ltd.