Clubhouse Media Group, Inc. Announces Continued Growth of HoneyDrip.com In December 2021

Rhea-AI Summary

Clubhouse Media Group (CMGR) reported significant growth for HoneyDrip.com in December 2021, with active users increasing by 28%, active performers by 22.5%, new creator applications by 25%, and content posts by 32%. The platform aims to empower creators by facilitating connections with fans and monetizing exclusive content. General Manager Kayla Bailey noted that the demand from users and creators has been rising consistently. The company positions itself within the influencer marketing sector, leveraging a global network of content houses.

Positive

• Active users increased by 28% in December 2021.
• Active performers on the site increased by 22.5%.
• New creator applications rose by 25%.
• Content posts available for sale grew by 32%.

Negative

• None.

LOS ANGELES, Jan. 4, 2022 /PRNewswire/ -- Clubhouse Media Group, Inc. (OTCMKTS: CMGR) ("CMGR"), an influencer-based social media firm and digital talent management agency, today announced that HoneyDrip.com has seen month over month growth, continuing into December 2021.  Honeydrip.com is a new digital platform designed and owned by CMGR with a focus on the empowerment of creators.  The site allows creators to connect and engage with fans and monetize exclusive photo and video content. 

HoneyDrip.com has experienced rapid growth in four main categories during the month of December 2021 alone: 

1. Active users have increased by 28%
2. Active performers on the site (by Invite Only) have increased by 22.5%
3. Applications from creators wishing to join the site has increased by 25%
4. Content posts (photos and videos) to be sold have increased by 32%

"Honestly, the growth we are witnessing was to be expected", said Kayla Bailey, General Manager of HoneyDrip.com. "We have an amazing team working on the site and the demand from both users and creators asking to join has increased again and again over the past few months.  In December and early January, we've conducted collaborative events in Los Angeles and Joshua Tree for our HoneyDrip.com creators, which contributed to the sense of excitement from creators and fans alike."

Creators can apply via email to join@honeydrip.com

About Clubhouse Media Group, Inc.
CMGR represents the future of influencer media and marketing, with a global network of professionally run content houses, each with its brand, influencer cohort, and production capabilities.  CMGR offers management, production, and deal-making services to its handpicked influencers, a management division for individual influencer clients, and an investment arm for joint ventures and acquisitions for companies in the social media influencer space.

Follow CMGR on Twitter: https://twitter.com/ClubhouseCMGR

FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements". Forward-looking statements also may be included in other publicly available documents issued by CMGR and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance.

Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.

Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause CMGR's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for CMGR's products and services, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this press release.

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SOURCE Clubhouse Media Group, Inc.

FAQ

What are the recent growth figures for HoneyDrip.com reported by CMGR?

In December 2021, HoneyDrip.com saw a 28% increase in active users, 22.5% in active performers, 25% in new creator applications, and 32% in content posts.

How does Clubhouse Media Group support creators on HoneyDrip.com?

CMGR empowers creators by enabling them to connect with fans and monetize exclusive photo and video content on HoneyDrip.com.

What is the significance of the growth reported by CMGR for HoneyDrip.com?

The reported growth indicates a rising demand for the platform, enhancing its potential for future revenue generation.

When was the growth report for HoneyDrip.com released by CMGR?

The growth report was released on January 4, 2022.