Rumble’s Subscription Product “Locals” Breaks Records, Exceeds $7.5M in Second Quarter Transaction Value (CFVI)
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Today, Rumble’s community subscription platform, Locals, announced that its key performance indicators set new records in the second quarter of 2022.
Compared to the second quarter of 2021, locals saw their number of unpaid members increase by almost 150% and their number of paid supporters increased by 106%. The total value of all transactions on the platform in the second quarter exceeded $7.5 million, more than 400% of the value of transactions on the platform during the same period last year.
“Our explosive growth comes from the shift we’re seeing in the media ecosystem where independent creators are beginning to build their brand outside of traditional networks. Our merger with Rumble is also helping our creators reach wider audiences and grow their communities. “, said Assaf Lev, president of the locals.
A significant portion of Locals’ growth can be attributed to the continued successful integration between Rumble and Locals and the rollout of the Content+ feature, which allows creators to sell access to movies and other content on a one-to-one basis.
Locals merged with Rumble, a high-growth neutral video platform, in October 2021. Rumble is creating the rails and independent infrastructure designed to be immune to cancel culture. Rumble’s mission is to bring the Internet back to its roots by making it free and open again. Additionally, the company announced in December 2021 that it had entered into a definitive business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI). See the ad here: https://corp.rumble.com