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Stock impact report

Isolation Measures Reinforce the Importance of Streaming Services

Huitao Technology Co., Ltd. - Ordinary Shares (HHT)  More Company Research Source: PR Newswire
PDF NEW YORK, July 31, 2020 /PRNewswire/ -- For several month now, many people have practiced social distancing, which means that entertainment options have become more limited. 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 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). This follows 28% and 36% year-over-year increases in March and April 2020, respectively. Smart TVs, mobile phones, streaming boxes/sticks, and smart speakers are also driving the year-over-year growth trends. Color Star Technology Co., Ltd. (NASDAQ: HHT), Apple, Inc. [Read more]
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