Color Star Technology Co Ltd (NASDAQ:CSCW) is trading with lower slightly in the pre-market session. The stock has jumped 28% over the past month.
Market Reaction
As of 9:03, ATXI is down 2% to $1.17 with 135K shares traded hands.
Major Trigger:
Color Star Technology Co., Ltd. (NASDAQ: CSCW) Announces the Launch of Online and Offline Concerts in Dubai and USA for Fall 2021
Key Highlights:
- announces the launch of fall carnival with live concert projects in Dubai and the United States in October 2021.
- With the COVID-19 vaccinations reaching more people, many countries have resumed arrangements of live events. In light of these changes, Color Star plans to hold offline concerts and music festivals starting October this year. As an entertainment technology company, Color Star’s business is divided into two parts: live entertainment and online technology. As the pandemic is phasing out, Color Star will resume live concerts and music festival activities as soon as possible.
- Color Star is a technology company with a strong entertainment core. The Company relies on its own entertainment advantages and strengths to create a perfect offline and online business. The combination of these two gives the Company synergy as well as a more diversified business model, where more entertainment features will enrich the online experience and where more advanced technology will enhance the offline live concert experience, so that everyone can have better audio and visual enjoyment. We believe that technology will change the future of the entertainment industry.
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