Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Color Star Technology ( (ADD) ) has shared an update.
In a significant move, Color Star Technology Co., Ltd. entered into a copyright acquisition agreement on January 9, 2025, with Nine Star Parties and Entertainment LLC, and its subsidiary, Color Star DMCC. The agreement involves the acquisition of rights to 27 music works for $8.1 million, paid through the issuance of restricted Class A Ordinary Shares. This acquisition, finalized on February 5, 2025, enhances Color Star’s music portfolio and strengthens its market position in the entertainment industry, potentially impacting stakeholders by increasing the company’s asset base and future revenue streams.
More about Color Star Technology
Color Star Technology Co., Ltd. operates in the entertainment industry, primarily focusing on acquiring and managing music copyrights. The company leverages its position in the market to expand its portfolio of music works through strategic acquisitions.
YTD Price Performance: -33.63%
Average Trading Volume: 1,882,277
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $922K
See more data about ADD stock on TipRanks’ Stock Analysis page.
