Research report points out the scale of online education in 2020
(Excerpts from Stone Street Group LLC Report translated by Color Star Technology)
According to the statistics of iResearch, the online education market size in the first quarter of 2020 has declined year-on-year. It is estimated that the online education market size in Q1 will be 68.06 billion yuan, and the scale will gradually rise in the next three quarters. In Q1, K12 training was squeezed out of time by public school online courses and free classes. In addition, language and study abroad examinations were postponed and cancelled. This category was also affected. It is expected to rise to 85.41 billion yuan in the second quarter.
In February and March, 2020, the average daily effective use time of online education APP reached 1.941 million days and 2.028 million days, respectively, with a year-on-year growth rate of 69.9% and 35.5%. Due to their strong self-control, clear goals and established vision, adults have always been the main user group for online education. As the new generation of parents pay more and more attention to quality education, the online platform of vertical quality education will usher in a period of rapid growth, especially in the subdivisions of painting, music, and dance, which are favored by parents.
According to the survey data, 60.8% of the interviewees are concerned about subject tutoring, and over 30% of the interviewees need teaching in mathematical thinking, children’s English, and hobby (art, music, dance, calligraphy, etc.) The change of parent education concept has elevated the status of interest-based education products. On the one hand, the entertainment education platform of the company’s Color World can meet the education and training needs of adults, and provide outstanding students with follow-up signings or an ascent channel for work in the entertainment industry. On the other hand, it can also meet the interest education demands of K12 parents and students. Compared with art courses that cost hundreds of dollars an hour, Color World has a very high cost performance.
Color Star Technology Co., Ltd. (Nasdaq CM: HHT) (the “Company”, “we” or “HHT”) officially broadcasted the Color
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World Online Concert to audiences around the globe via its official platform “Color World” at 9 pm Eastern Time on September 9th. The Color World Online Concert attracted over half a million viewers from mainland China and all over the world. Global Social media networks reached over 10 million hits.
More than ten international celebrities including Grammy-winning jazz guitarist Larry Carlton, “Pop Music Queen” Na Ying from mainland China, Hong Kong’s legendary singer George Lam, globally-renown pianist Wu Muye, R&B singer-songwriter Ashanti, among others, presented a music feast with remarkable international flavors. Combining showcase performances with proprietary tech tools, the event was equally memorable for moving vocals and masterful instrumentals as well as its sheer technological reach.
While the performers took center stage, investors saw yet another emergence of the future’s star economy of educational and entertaining content-sharing. Color Star is not only in the business of online concert promotions, it is a technology-driven company set to break past the boundaries between celebrity entertainment and online knowledge-sharing.
On its signature platform, Color World, international artists and celebrities have been assembled to produce content that extends beyond a show and more so a variety of courses. More than 40 industry leaders have transitioned from celebrities to celebrity tutors — with the service granting fans access built around mentorship, not just viewership. The courses include music and instruments, film and television, traditional and modern art, and sports, etc.
Through the app, developed by its subsidiary Color China, Color World is targeting a broader international market, having already covered more than 30 cities in 5 countries. With the continuous expansion and enrichment of the celebrity tutor library, the platform looks to become an integral part of the lifestyle and culture of its community — notably at its core is the self-improvement phenomenon that rose out of pandemic lockdowns. Color Star Technologies finds itself in step with users that want to connect with others, particularly those they look up to, while never leaving the comfort and peace of mind found at home.
Watch Color Star YouTube Link: https://www.youtube.com/watch?v=WxiRq1N7nKM
The famous American director Bobby Roth(and his work), Film and television mentor, has won honors at more than 100 film festivals, including the Cannes Film Festival and the Berlin Film Festival. In 2017, he won the “Lifetime Achievement Award” at the Miami Web TV Festival. Bobby Roth has directed more than 100 episodes of TV works, 25 TV movies, and 13 theater movies. His works include “Prison Break”, “Heart Stealer”, “S.H.I.E.L.D. Agents”, “Lost”, “Bad Jack” and so on. Bobby Roth will use the Color World APP to pass on his own experience and feelings to students who are interested in film and television. At the same time, he will set up directing, production, costume design and other courses for film production students. Work with the platform to cultivate more excellent filmmakers.
Guitar tutor-Larry Carlton, a famous American jazz, rock and pop guitarist, has won three Grammy Awards, including the theme song of the popular TV series “Blues on Hill Street”. Larry Carlton collaborated with the Japanese rock band B’z guitarist Takahiro Matsumoto in 2010, toured around the world and released the performance album “Take Your Pick”, and won the 53rd Grammy Award for Best Performance Album in the Pop Music category.
Piano instructor Wu Muye graduated from the National Conservatory of Music in Paris, France, and won the “Perfect Piano” Performer Diploma, becoming the only Chinese piano player to receive this diploma. In 2014, he participated in the official celebration of the 50th anniversary of the establishment of diplomatic relations between China and France-“Night of China” at the Grand Palais in Paris. In the same year, he performed at the “Beautiful China Glorious Dream” symphony concert on the 65th anniversary of the founding of the People’s Republic of China in the Great Hall of the People in Beijing and performed “Pinghu Autumn Moon” at the state banquet held for Obama at the APEC meeting. In 2016, he performed “Moonlight” at the G20 Hangzhou Summit Art Gala. In May 2017, a piano solo concert was held in the Forbidden City.
On August 11, 2020, Color China, its wholly aowned subsidiary, formally reached a long-term strategic agreement with Thailand’s “Sing Sian Daily”. In the future, the two parties will leverage on each other’s advantages to launch cultural education, brand promotion, and online star education. In-depth cooperation on related content. The cooperation between the two parties involves a very wide range. This is an important measure to expand the business sector in Southeast Asia after the parent company Color World Technology went public this year. “Sing Siam Daily” will be fully responsible for the promotion in Thailand, using its influence and deep resources in Thailand, they will actively promote the cooperation of many Thai universities and colleges in academic education, research and advanced studies with Color China, such as Thailand Siam University, a well-known institution of higher learning. At the same time, local Thai cultural products are introduced to its software platform to show the world the new Thai culture and style.
“Sing Sian Daily” is a Chinese-language streaming media in Thailand. It has the longest history and the highest reputation in Thailand. Since its inception in 1950, the newspaper has been adhering to the style of running fair newspapers, serving readers, and objective and informative content. It is in the hearts of Thai people and overseas Chinese and has a very high weight.
Thailand is a major hub in Southeast Asia, with a very deep cultural and historical foundation, and an economic center in Southeast Asia. The entertainment center is a mecca for star chasing. The color China can obtain promotion and cooperation resources in Thailand and also lay a solid foundation for future global expansion. As an important country in Southeast Asia’s business layout, Thailand will inevitably present a very diversified cultural education in the future. A deep and long-term strategic alliance with the “Sing Sian Daily” will inevitably become a mutually beneficial, win-win, and joint development and expansion of cooperation.
On August 28th, its wholly owned subsidiary Color China and American sports company Red Phoenix Entertainment reached a strategic cooperation agreement. Red Phoenix Entertainment will introduce the world’s top sports stars to the “COLOR WORLD” platform based on its own sports advantages.
On September 2, its subsidiary Color China and Korea China-Korea Culture and Art Exchange Association reached a strategic cooperation agreement. The signing of this agreement indicates that the company has completed its significant strategic deployment in Asia, and more Korean artists will log on to “COLOR WORLD” platform, meet and communicate with fans around the world.
The series of signing and cooperation of Color World represents the company’s determination to become the world’s strongest star online education platform. The company expects to complete more strategic layouts in the short term. The Chinese version is currently online, and management expects the international version to be online in December this year.
Company Name: Color Star Technology Co., Ltd.
Country: United States