The Color Star Technology Limited (NASDAQ: CSCW) stock was in action in the markets on Thursday and managed to record notable gains after the company made a key announcement with regards to a subsidiary.
The stock surged by as high as 6% yesterday after the company announced that its fully owned subsidiary Color China Entertainment Co Ltd signed a new deal. It was announced that Color China signed a new partnership agreement with the Los Angeles-based American company Meadow Films.
It is a significant development for Color Star and it did not come as a total surprise that the stock flew after the announcement. As per the terms of the partnership, the two parties are going to be involved in both the distribution as well as the production of films in the international film market. Considering the gains made by Color Star, it is likely that the stock is going to be in focus today. It remains to be seen if it can end the week with more gains.
Editor and Computer Expert
A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.