Clubhouse Media Group, Inc. Announces Rapid Growth of HoneyDrip.com in Last Two Months

Rhea-AI Summary

Clubhouse Media Group (CMGR) announced impressive growth for its platform HoneyDrip.com since its launch in September 2021. Key metrics show a 266% increase in active users, a 74% rise in active performers, a 312% surge in creator applications, and a 217% growth in content posts from October to November 2021. The platform allows creators to connect directly with fans, providing them the opportunity to sell exclusive content and enhance their earnings. Management expressed satisfaction with the platform's progress and the positive reception from users.

Positive

• Active users up 266% from October to November 2021.
• Active performers increased by 74%.
• Creator applications surged by 312%.
• Content posts rose by 217%.

Negative

• None.

LOS ANGELES, Dec. 14, 2021 /PRNewswire/ -- Clubhouse Media Group, Inc. (OTCMKTS: CMGR) ("CMGR"), an influencer-based social media firm and digital talent management agency, today announced that its proprietary site, HoneyDrip.com, has achieved significant growth since it launched September 2021. HoneyDrip.com is an increasingly popular digital platform designed and owned by CMGR with a focus on the empowerment of creators. The site allows creators to connect with fans and sell exclusive photo and video content as well as chat and interact with fans directly.

HoneyDrip.com has experienced rapid growth in four main categories from October 1, 2021 through November 30, 2021: 

1. Active users have increased by 266% 
2. Active performers on the site (by invite only) have increased by 74% 
3. Applications from creators wishing to join the site has increased by 312% 
4. Content posts (photos and videos) to be sold, have increased by 217% 

"We are more than pleased with the results thus far. The public response has been outstanding," said Kayla Bailey, General Manager of HoneyDrip.com. "We believe HoneyDrip.com offers a lot of value to creators and fans, and that fans really appreciate the ability to communicate directly with their favorite creators and enjoy the quality of content.  The creators make more money, avoid negative stigmas, maintain more control, and most importantly have more fun! Creators have left OnlyFans and closed their accounts to join HoneyDrip.com.."

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. Collectively, CMGR reaches more than 400 million followers. 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. You should carefully consider the risks and uncertainties described in, and other information contained in, the reports we file with or furnish to the Securities and Exchange Commission before making any investment decision with respect to our securities 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 statistics for CMGR's HoneyDrip.com?

From October to November 2021, HoneyDrip.com saw a 266% increase in active users, 74% in active performers, a 312% rise in creator applications, and a 217% growth in content posts.

How does HoneyDrip.com benefit creators compared to other platforms?

HoneyDrip.com allows creators to sell exclusive content and connect directly with fans, enabling them to earn more and maintain better control, unlike platforms like OnlyFans.

When was HoneyDrip.com launched?

HoneyDrip.com was launched in September 2021.

What is Clubhouse Media Group's strategy regarding influencer marketing?

CMGR focuses on managing influencers through a network of content houses, offering services that include talent management and production, reaching over 400 million followers.