Online Streaming and Education Services Help People Adapt to a New Reality
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s the pandemic continues to put a strain on the worldwide economy, one side effect is the sharp increase in online streaming content consumption.
There is still uncertainty ahead, and it is unclear how soon society will get back to how things were before the pandemic. Yet, as millions of Americans adjust to working from home, new research from Comscore, evaluating media across platforms, shows engagement with streaming services and year-over-year in-home data usage have surged in the beginning of May 2020.
According to the data, overall average in-home data consumption was up 33% during the first ten days of May 2020 compared to the first ten days of May 2019 (May 1-10, 2020 versus May 1-10, 2019). Another winner will be over-the-top (OTT) media services, such as those provided by Netflix or Hulu, with revenue forecast to be up 12%, equivalent to USD 6 Billion. Color Star Technology Co., Ltd. (NASDAQ HHT), Chegg, Inc. (NYSE CHGG), Perdoceo Education Corporation (NASDAQ PRDO), K12 Inc. (NYSE LRN), New Oriental Education & Technology Group Inc. (NYSE EDU)
Now, in a time of a pandemic, online learning has become a crucial component of daily lives for million of students. Top tier universities are included, providing full curriculums via online services. Outside the university arena, there are numerous services like such as Skillshare, Lynda, Udemy, Coursera and Udacity that provide courses separately, or other specific online education formats. Earlier this year, Udemy announced that it had raised USD 50 Billion from a single investor, to which president Darren Shimkus said, according to Forbes, The biggest challenge is for learners is to figure out what skills are emerging, what they can do to compete best in the global market. We're in a world that's changing so quickly that skills that were valued just three or four years ago are no longer relevant. People are confused and don't know what they should be learning.
Color Star Technology Co., Ltd. (NASDAQ HHT) announced breaking news today that, its wholly owned subsidiary, Color China Entertainment Limited (Color China), has officially reached a long-term strategic agreement with Thailand's Sing Sian Yer Pao Daily News. In the future, the two parties will leverage on each other's strength to develop an in-depth cooperation on cultural education, brand promotion, and online star education.
It is understood that the cooperation between the two parties involves a very wide range of areas. Pursuant to the agreement, the cooperation is expected to serve as an important measure for the Company to expand its business into Southeast Asia. Color China plans to launch its self-developed star online education service software globally. After the software is launched, Sing Sian Yer Pao Daily News will be fully responsible for the landing and promotion in Thailand, leveraging its influence and profound resources in Thailand. Sing Sian Yer Pao Daily News will also actively encourage universities in Thailand to cooperate with Color China on academic education, research and advanced studies, such as Siam University, a well-known university in Thailand. At the same time, local Thai cultural products will be introduced to Color China's mobile application to show the world the Thai culture and style.
Color Star Technology CEO, Biao Lu commented, We hope that Color Star will become a well-known brand in Thailand in providing celebrity knowledge-paid services that can be accessible both online and offline, providing students with customized content and enjoyable learning experiences. Our collaboration with 'Sing Sian Yer Pao Daily News' marks a significant step in executing our global expansion plan.
About Color Star Technology Co., Ltd. Color Star Technology Co, Ltd. (Nasdaq HHT) offers online and offline innovative knowledge-paid services for music and entertainment industries globally. Its official website is www.colorstarinternational.com. 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. The Company also offers after-school entertainment tutoring in New York via its joint venture entity Baytao LLC.
✔️ Online Streaming and Education Services Help People Adapt to a New Reality
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