Core Viewpoint - The stock of Color Star Technology (00869) has dropped over 15%, currently trading at 0.435 HKD, following the announcement that its licensing agreement for "Teenage Mutant Ninja Turtles" products will not be renewed after December 31, 2024 [1] Group 1: Licensing Agreement Impact - Color Star's subsidiary, PICL, has been informed that the licensing agreement with Viacom Media Networks will expire on December 31, 2024, and will not be renewed [1] - The sales revenue from licensed products accounted for approximately 8%, 13%, 77%, 47%, and 36% of the group's total revenue for the years ending December 31, 2021, 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [1] - After the expiration of the licensing agreement, PICL's rights to dispose of licensed product inventory will terminate 90 days thereafter [1] Group 2: Future Opportunities - The company plans to continue seeking and evaluating potential licensing opportunities that align with its strategic considerations after the current agreement ends [1]
港股异动 | 彩星玩具(00869)跌超15% “忍者龟”产品特许权协议2027年起将不获续期