Clubhouse Media Group (OTC: CMGR) president and co-founder Chris Young was the featured guest on a recently released Benzinga interview. Young was interviewed by Benzinga director of digital growth Michael Murray. During the interview, Young discussed the beginnings of Clubhouse Media, stemming from his experience as a talent agent, entertainment lawyer and YouTube influencer. CMGR was founded, said Young, on the premise that collaboration and cohabitation among popular social media influencers could create significant synergistic value. Young explained how the COVID-19 pandemic actually accelerated Clubhouse Media’s rapid growth because social media use increased drastically. In addition, the company saw increase media coverage, including feature stories published in The New York Times, The Atlantic, Business Insider, Cosmo, Seventeen and Forbes. Noting that the company has an in-house talent agency, Young explained the role acquisitions have played in the company’s growth as CMGR strategically looks for targets that present strong synergies. Short term, Clubhouse Media would like to add more influencer houses to its roster, with a possible move to a hotel Soho-House model for influencers. Long term, the company is looking at acquiring or developing in-house brands with the potential to drive growth and significantly strengthen margins. CMGR is an influencer-based marketing and media firm with a total aggregate global social media reach of more than 400 million followers. “Our ultimate goal is to own a lot of those brands internally, so that we can drive a higher bottom line and build. . . a brand that could revolve around our influencers,” said Clubhouse Media Group co-founder and president Chris Young in the interview.
To view the full interview, visit https://ibn.fm/8Hyj2
To view the full press release, visit https://ibn.fm/V0Hwo
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, visit www.ClubhouseMediaGroup.com.
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