Clubhouse Media Group Inc. (OTC: CMGR) Leader in Evolving Global Advertising Space

Rhea-AI Summary

Clubhouse Media Group Inc. (OTC: CMGR) announced its feature in an editorial by NetworkNewsWire, highlighting the evolving landscape of the $150-billion global advertising industry. The report discusses the shift towards digital solutions due to declining local TV ad revenues, driven by trends like cord cutting and ad skipping. It emphasizes the effectiveness of marketing through social media influencers and content creators, showcasing Clubhouse Media's role in aggregating a diverse range of influencers with substantial followings, aimed at enhancing brand engagement.

Positive

• Clubhouse Media's involvement in the editorial underscores its positioning as a thought leader in influencer marketing.
• The company's model of aggregating influencers with large followings aligns with changing advertising dynamics.

Negative

• None.

NEW YORK, July 28, 2021 (GLOBE NEWSWIRE) -- via InvestorWire — Clubhouse Media Group Inc. (OTC: CMGR) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 50+ trusted brands within the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities.

To view the full publication, “The Way of Advertising Future: Social Influencers and Content Creators,” please visit: https://nnw.fm/WukbE

The $150-billion global advertising industry is looking for answers during a shakeup that has cable television charting a course emblematic of the Golden Age of Radio a century ago. Owing to the confluence of cord cutters, DVRs allowing people to skip commercials and an off-year for elections among other things, local TV ad revenue has been sinking in 2021. Now more than ever, brands are forced to keenly monitor marketing trends and adjust strategies that increasingly point toward digital solutions to reach consumers.

Working with content creators and influencers — those people (and things) on social media with a large or specific group of followers that can be swayed into purchases by compelling messaging — appears to be particularly effective. By now, most people are aware of marketing via a personality, such as Kim Kardashian who can influence her followers to try a particular product. While that still has its place, the market is far more evolved and sophisticated today, with companies such as Clubhouse Media Group Inc. (OTC: CMGR) aggregating an impressive collection of influencers and content creators with hundreds of millions of followers and combining that community with technology as a platform for collaboration and creation.

About Clubhouse Media Group Inc.

Clubhouse Media believes it represents the future of influencer media and marketing, with a global network of professionally run content houses, each of which has its own brand, influencer cohort and production capabilities. Clubhouse Media 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. Clubhouse Media’s management team consists of successful entrepreneurs with financial, legal, marketing, and digital content creation expertise. For more information about the company, please visit www.ClubhouseMediaGroup.com.

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness.

NNW is where news, content and information converge.

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FAQ

What recent announcement did Clubhouse Media Group (CMGR) make?

Clubhouse Media announced its placement in an editorial published by NetworkNewsWire, discussing trends in the advertising industry.

How is Clubhouse Media Group (CMGR) adapting to changes in the advertising industry?

Clubhouse Media is focusing on leveraging social media influencers and content creators to meet the evolving needs of advertisers.

What is the value of the global advertising industry mentioned in the Clubhouse Media Group (CMGR) announcement?

The global advertising industry is valued at approximately $150 billion.

What challenges are affecting local TV ad revenues according to the CMGR press release?

Challenges include cord cutting, DVRs allowing viewers to skip commercials, and a less eventful election year.

How does Clubhouse Media Group (CMGR) plan to enhance brand engagement?

The company aggregates influencers and content creators to create compelling marketing messages that resonate with consumers.