Clubhouse Media Group, Inc. Announces HoneyDrip.com July 2022 Results

Rhea-AI Summary

Clubhouse Media Group (CMGR) announced impressive month-over-month growth for its platform HoneyDrip.com as of July 2022. Active performers increased by 15%, content posts for sale rose by 16%, active users climbed by 12%, and creator applications surged by 6%. The platform aims to empower creators, allowing them to engage with fans and monetize content effectively. General Manager Danche Prokopov highlighted the continued demand and rapid growth nearly a year post-launch, indicating strong site performance and traffic.

Positive

• Active performers on HoneyDrip.com increased by 15%.
• Content posts available for sale rose by 16%.
• Active users of the platform grew by 12%.
• Applications from creators wishing to join the site increased by 6%.

Negative

• None.

LOS ANGELES, Aug. 3, 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 July 2022. Honeydrip.com is a 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 content. 

HoneyDrip.com has experienced rapid growth in four main categories during and for the month of July 2022 alone: 

     1)      Active performers on the site (by Invite Only) increased by 15%
     2)      Content posts (photos and videos) to be sold increased by 16%
     3)      Active users increased by 12%
     4)      Applications from creators wishing to join the site increased by 6%

"We've continued to add performers at an unbelievable pace" said Danche Prokopov, General Manager of HoneyDrip.com. "The rate of monthly growth (nearly a year after launching the platform) is still impressive. I'm very pleased with the demand we're seeing. The incredible content paired with the constant enhancements on the site is driving a lot of traffic our way."

Creators can apply via email to join@honeydrip.com

About Clubhouse Media Group, Inc.

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 Fstatements 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 were the growth metrics for HoneyDrip.com in July 2022?

In July 2022, HoneyDrip.com reported a 15% increase in active performers, 16% more content posts for sale, a 12% rise in active users, and a 6% increase in creator applications.

What is HoneyDrip.com?

HoneyDrip.com is a digital platform by CMGR designed to empower creators, enabling them to connect with fans and monetize exclusive content.

Who is the General Manager of HoneyDrip.com?

Danche Prokopov is the General Manager of HoneyDrip.com.

What does CMGR focus on?

CMGR focuses on managing, producing, and facilitating deals for influencers while also investing in the social media influencer space.

When was the press release issued?

The press release was issued on August 3, 2022.