AGAE to Co-Launch RythmX x Strawberry Music Festival in Macau’s First 50,000-Capacity Outdoor Venue

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NEW YORK--(BUSINESS WIRE)-- Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (“AGAE” or the “Company”), a global experiential entertainment company, is thrilled to announce the launch of RythmX x Strawberry Music Festival, a first-of-its-kind co-branded music festival in partnership with Beijing Modern Sky Cultural Development Co. and Macau Elite Fun Entertainment Co. The festival will take place in October 2025 at Macau’s newly established 50,000-capacity outdoor music venue, marking a milestone for large-scale live entertainment in the region.

The three-day event will feature an exclusive pre-night concert followed by two full days of electrifying performances from top international and Asian artists, bringing an unparalleled music experience to Macau’s live entertainment scene. Modeled after globally renowned festivals like Summer Sonic, the RythmX x Strawberry Music Festival aims to deliver the energy and excitement of Asia’s biggest music events while embracing Macau’s unique cultural landscape.

“This festival is a major step in expanding AGAE’s entertainment footprint,” said Yinghua Chen, CEO of Allied Gaming & Entertainment. “By bringing together our RythmX brand with Modern Sky’s 16-year well established Strawberry Music Festival, and hosting it in Macau’s largest outdoor venue, we’re creating an unprecedented experience for Asian music fans. Our goal is to establish this as a must-attend annual festival that draws music lovers from across the region.”

AGAE will play a leading role in western artist coordination, project management, and marketing. Revenue streams shall include ticket sales, sponsorships, and on-site activations such as food, beverages, and merchandise. Additional festival details, including the official lineup and ticketing information, will be announced in the coming months.

About Allied Gaming & Entertainment

Allied Gaming & Entertainment Inc. (Nasdaq: AGAE) is a global experiential entertainment company focused on providing a growing world of gamers and concertgoers with unique experiences through renowned assets, products and services. For more information, visit alliedgaming.gg.

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Investor Contact:
Addo Investor Relations
ir@alliedgaming.gg

Source: Allied Gaming & Entertainment, Inc.

Released February 20, 2025