NEW
YORK, May 19, 2023 /PRNewswire/ -- Color Star
Technology Co., Ltd. (Nasdaq: ADD) ("Color Star" or the "Company"),
an entertainment technology company with a global network that
focuses on the application of technology and artificial
intelligence in the entertainment industry, recently announced that
tickets for the K-Pop idol group XODIAC's concerts have officially
gone on sale on the 17th of May. The group plan on making their
live performance debut in the
Netherlands on the 30th of May, before following up with
another concert in the United
Kingdom on the 1st of June. Color Star will be working with
XODIAC to deliver fans a stunning performance. XODIAC, a new
9-member idol group promoted by OCJ Newbies, officially announced
themselves to the world in Korea on the 25th of April and released
the music video for their debut song "THROW A DICE". The group
consists of 9 members, including Korean idols LEX, HYUNSIK, WAIN,
BEOMSOO, DAVIN, and GYUMIN, Hong
Kong idols SING and LEO, as well as the Indonesian idol,
ZAYYAN.
In order to help the group launch itself to stardom, Color Star
is sponsoring two of XODIAC's incredible audio-visual experiences
that will take place in the
Netherlands and the UK respectively. The news of the
concerts have quickly garnered a lot of interest and attention.
Tickets have become available since the 17th of May, so you can
book your seats directly on the ticketing website.
Color Star believes that the live entertainment industry will
return to its former glory in 2023. After being forced into three
years of hibernation by the pandemic, live entertainment is
expected to begin to boom along with ticket revenue, merchandising
revenue, commercial sponsorships and so on. Color Star has set its
sights on the global live entertainment market for not only
organizing live music events but also international sporting events
in the future. In addition to the revenue generated from live
performances, Color Star plans to take advantage of its online
business by selling concert tickets via its own website, and plan
to continue to increase revenue by using its ColorWorld Metaverse
platform to sell celebrity merchandise, and host celebrity live
streams in the future.
About Color Star Technology Co., Ltd.
Color Star Technology Co., Ltd. (Nasdaq: ADD) 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 Metaverse Pte. 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 and
www.colorstar.investorroom.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
internationally where ADD 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.