Acorn International, Inc. announced it has signed a preliminary cooperation agreement with Zhejiang Los Culture Development Company Ltd. ("Los Culture"), under the guidance of the Department of Culture of Zhejiang Provincial Government, to begin to source opportunities for Western brands and talent, in anticipation of Acorn forming a joint venture with Los Culture that will lead the delivery of content for the International Zhejiang Performing Arts, Music and Culture Center in Hangzhou, Zhejiang China. The project will include a world-class stadium to host concerts, music festivals, and other performances along with music schools, hotels, restaurants and retail space. Once the JV is established, Acorn's responsibility, through its division, Acorn Entertainment, will be to facilitate cooperation with internationally famous brands and celebrities, including music and performing artists, brands and organizations, for the project, including branding or co-branding opportunities for the stadium, hotels and other retail space, as well as potentially supporting facilitation of programming content, such as live and digital performances and other digital and streaming content.