Color Star Technology Co. Ltd (NASDAQ:CSCW) jumped 9.5% after announcing that they will release new exclusive Shaquille O’Neal videos on Color World Platform in September. This comes following an agreement between the company and the NBA Superstar pursuant to which Shaquille will be the superstar instructor on Color World App.
In the video, O’Neal narrates how he started from nothing to reach extraordinary heights and become a legendary NBA figure. Big Shaq also shares about mental growth and offers fans tips to succeed. The video will launch on the sports section of Color World.
Since its launch at the end of last year, Color Star App has invited various celebrities from music, television, and film, and sports to share with fans exclusive content, and the reception of these videos has been exceptional. The Color World App is currently available to both iOS and Android users. Interestingly fans can get more from the Color World App mall, which is expected to launch co-branded goods of celebrities meeting fans’ needs. In the coming weeks, CSCW is worth watching.
Market Reaction:
On Tuesday, CSCW stock jumped 9.57% at $1.01 with more than 860K shares, compared to its average volume of 2.36 million shares. The stock has moved within a range of $0.9250 – 1.0200 after opening the trade at $0.9271.
