Partnership with Boomopolis increases Megastar’s reach to more than 50 million
MSM Corporation International (ASX: MSM) announced on Tuesday that it had entered into an agreement with social media talent agency, Boomopolis, to engage 12 of its top social media performers as part of the marketing program for the launch of the worldwide Megastar competition.
Boomopolis has a combined network of over 200 million fans and followers, and its performers will enter Megastar and leverage their existing social media presence to direct promotional posts to their combined audience of more than 15 million social media followers throughout the competition, effectively boosting Megastar’s total audience reach to more than 50 million social media followers.
Of course this is still in its early stages and full engagement is yet to be determined, so investors should seek professional financial advice if considering this stock for their portfolio.
As MSM’s flagship product, Megastar is a global, mobile-first talent competition, featuring performers of any category, competing to win US$1 million, a role in a film and various other prizes. Similar to other popular television talent contests, winners are chosen by fans voting in the competition through the Megastar app.
The first Megastar competition launches in the group’s six core markets with the app available for download from Apple and Google stores. Additional Megastar competitions will subsequently launch in non-English-speaking markets via partnering and licensing agreements.
Megastar to a benefit from Boomopolis’ leading position as a social media talent agency.
Boomopolis is a leading social media talent agency that is changing the way brands and influncers collaborate. The group organises Facebook, Instagram, YouTube, Snapchat, musical.ly and Twitter influencers to play sponsored posts on behalf of brands and apps.
These partnerships also include contestants and public appearances with the influencers, which can draw hundreds of fans, indicating that the business model is a good fit with Megastar.
Commenting on the establishment of the partnership, MSM’s Executive Director Asia-Pacific, Sophie McGill said, “This new relationship increases Megastar’s reach to more than 50 million people, making it quite the global stage and effectively giving Megastar talent the opportunity to be exposed to an enormous and engaged audience”.
This development follows recent agreements with leading talent agencies, DanceOn and Fullscreen Media. Megastar is now well on its way to reaching its total audience target of 80 million, which will increase further throughout the phased launch of auditions and voting.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.