Society Pass Inc/Thoughtful Media Group Inc Ventures Into Concert Sponsoring In Indonesia; Developing A Revenue Stream And Creating Marketing Opportunities For Advertisers
Portfolio Pulse from Benzinga Newsdesk
Society Pass Incorporated's (SoPa) Thailand-based digital advertising network, Thoughtful Media Group Inc (TMG), plans to sponsor local live music events in Southeast Asia, starting in Jakarta, Indonesia in 4Q 2023. The concerts will be streamed via TMG-affiliated social media channels, providing marketing opportunities for advertisers. TMG aims to reach over 2.5 million people over the next year, creating sponsorship opportunities for advertisers and its 10,000-member influencer community in Indonesia. The initiative is projected to earn $680K annually.
October 24, 2023 | 12:14 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The iShares MSCI Indonesia ETF (EIDO) could be indirectly impacted by Society Pass Inc's venture into concert sponsoring in Indonesia, as it could stimulate the local economy and potentially benefit companies within the ETF.
While the news does not directly mention the iShares MSCI Indonesia ETF (EIDO), Society Pass Inc's venture into concert sponsoring in Indonesia could stimulate the local economy and potentially benefit companies within the ETF, which could have a positive impact on the ETF's performance in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Society Pass Inc's digital advertising network, Thoughtful Media Group, is venturing into concert sponsoring in Southeast Asia. This move is expected to create new marketing opportunities and generate significant annual revenue.
The news directly pertains to Society Pass Inc and its digital advertising network, Thoughtful Media Group. The venture into concert sponsoring in Southeast Asia is expected to create new marketing opportunities and generate significant annual revenue, which could positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100