InvestorNewsBreaks – Clubhouse Media Group Inc. (CMGR) Announces Significant Move to Expand Reach in Social Media Landscape

March 3, 2021 12:20 PM EST

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Clubhouse Media Group (OTC: CMGR), an influencer-based marketing and media firm with a vast aggregate global social media reach, today announced its entry into a non-binding letter of intent (“LOI”) on Feb. 28, 2021, for the acquisition of “The Tinder Blog” (Instagram.com/thetinderblog), an official partner of Facebook and one of the world’s largest and most successful Instagram meme accounts. The Tinder Blog has amassed over 4.2 million followers over its six-year existence and an annual net income in excess of $1 million on more than one billion web impressions per month. “This is a significant deal for Clubhouse because we have been actively looking to expand our reach beyond traditional influencers to incorporate and reach more channels, niches and outlets in the social media landscape,” said Chris Young, co-founder of Clubhouse Media Group. “We feel The Tinder Blog is an ideal match that offers tremendous complementarity within the constellation of our current social media reach and intellectual property portfolio. The Tinder Blog’s evergreen content creates a natural long-tail business. Combined with hyper-loyal fandom, these aggregator accounts make for highly sustainable and scalable businesses that complement our mission and portfolio.”

To view the full press release, visit https://ibn.fm/SgI9Z

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, follow the company on Twitter: Twitter.com/ClubhouseCMGR?s=20

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