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Pivoting to AI-Entertainment, Paranovus Entertainment Technology Ltd Signs Letter of Intent to Acquire BlueLine Studios

PR Newswire - Press Release

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 Expansion into AI-powered online entertainment industry reflects strategic evolution of the business model

NANPING, China, Sept. 6, 2023 /PRNewswire/ -- Paranovus Entertainment Technology Ltd. (Nasdaq:PAVS) (the "Company") today announced that it has signed a non-binding Letter of Intent (LOI) to acquire 100% of BlueLine Studios Inc. ("BlueLine"), a portfolio company of Caravan Digital L.P. ("Caravan"), a co-founder of consumer companies authentically powered by iconic artists and athletes in partnership with Creative Artists Agency ("CAA").

Read more at prnewswire.com

Related Symbols

Symbol Last Chg %Chg
PAVS 0.0209 -0.0021 -9.13%
Paranovus Entertainment Technology Ltd

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