Megastar Millionaire (ASX: MSM)

The world’s newest online talent quest will launch within weeks as singers, dancers, comedians and entertainers from all walks of life compete for the $1 million prize money.

MSM Corporation’s (ASX:MSM), Megastar talent platform has completed Beta testing, put in place a management team that has experience on shows like X FactorBig Brother and Deal or No Deal and is now ready to launch its platform to the world, as it looks to emulate the success of the likes of the $2.5 billion Idol franchise.

Megastar is already rocking the Casbah. When it launches it will become the world’s biggest online talent competition.

And with a first mover advantage operating in the US$25 billion online gaming and US$30 billion mobile sectors, whilst targeting a demographic of 18-24 year olds who are quick to adopt online alternatives, MSM could hit the market harder than a Metallica album.

Over the course of the last 12 months, MSM has also gathered partners who could bring to the table hundreds of millions of viewers and have hired SketchSHE as its first hosts.

SketchSHE has had over 100 million views globally, a substantial social media following reaching well over 3 million followers across their YouTube, Twitter, Facebook and Instagram, and has a track record of their comedy sketches going viral – which is exactly what the Megastar competition is about.

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MSM even has a Madonna connection, with partner DanceOn, which has a global audience of over 100 million viewers, being co-founded by the pop megastar. Danceon will be social influencers used to amplify awareness of the upcoming competition.

With its imminent launch, talent-quest experienced management, $1 million in prizemoney and a first mover advantage in the online talent quest space, MSM is set to shake, rattle and roll the future of talent shows as we know them.


MSM Corporation ups its game with new enhancements to talent contest

Eight-time Grammy award winner Usher is the platform’s chief creative director.

A stage performer

In August, the company raised $10.5 million in new capital

MSM Corporation International Ltd (ASX:MSM) has made a further set of enhancements to its flagship app-based talent contest Megastar Millionaire.

The company has successfully scaled its back-end infrastructure to handle over a million daily active users engaging in the competition, anticipating strong user growth in the coming months.

Megastar Millionaire is a global app-based talent contest that promotes social media artists in a series of competitions conducted over multi-month time spans.

The Megastar platform is a constantly evolving technology ecosystem designed to incorporate a globally scalable cloud infrastructure.

MSM recently enhanced the livestreaming feature for all users to include gifting and other engagement mechanics, building on the livestreaming feature which was added in July 2017.

This aligns Megastar’s user experience with massively successful mobile entertainment platforms like Twitch, the world’s leading video and community platform for gamers.

The user experience has also been upgraded to enable performers to upload videos directly from their mobile phone to the Megastar competition.

In August, the company raised $10.5 million in new capital and appointed eight-time Grammy award winner Usher as Megastar’s chief creative director, ambassador and mentor of the competition.

The company has now completed the process of integrating Usher into the competition.


Usher signs on with Sydney tech startup: What startups need to know about brand ambassadors

ANGELA CASTLES 

Megastar Millionaire

Megastar Millionaire executive director Sophie McGill and co-founder and chief executive Dion Sullivan

ASX-listed Sydney tech startup MSM Corporation International has signed US pop superstar Usher as its new creative director and brand ambassador, with the singer-songwriter also set to be a brand ambassador, judge and mentor for the startup’s Megastar Millionaire competition.

News of the partnership comes on the same day the company announced a $10.5 million capital raise ahead of its global launch. The raise was led by CPS Capital Group and Cadmon Advisory, with the funds allocated towards marketing, production and judges for the Megastar competition.

Megastar Millionaire is a software platform for online talent contestants that connects performers with fans through a gamified, interactive experience.

After completing a backdoor listing on the Australian Securities Exchange in 2015 and raising $5 million last year to expand the platform into Asia, MSM has recently launched its mobile-only talent discovery competition in the UK, South Africa, New Zealand and Canada. Launches are also set for the US and Australia next month, according to the company.

The partnership will see Usher lending his judging and mentoring skills to performers in all the categories of the Megastar Millionaire competition, which offers the winners a top prize of $US1 million ($1.27 million) and a role in a film produced by John Baldecchi, as well as a variety of cash prizes.

MSM said in a statement that Usher’s involvement with the competition is for an initial term that will end 60 days after the finale of the 2017 Megastar competition, and the singer will receive cash payments, performance rights and royalties as part of the deal.

Dion Sullivan, co-founder of MSM and managing director of the Megastar Millionaire platform, said the company is “absolutely delighted to have Usher invested in both the product and the outcome of Megastar”.

“His career spans 24 years already and he has inspired so many artists. He has so much experience, training and industry knowledge to impart on our performers and his insights are invaluable to singers, dancers and performers in general.”

Making brand ambassadors work for you

With a social media presence of more than 68 million followers across Facebook, Twitter, Instagram and Youtube, and eight Grammy awards under his belt, there’s no doubt Usher carries some significant heft as a social influencer.

And while many startups may not be able to score someone with his profile, the strategy of using a brand influencer can still be worthwhile.

Jessica Humphreys, director at Melbourne communications firm Social Concepts, says brand influencers can offer companies a key source of “organic and valuable exposure” in comparison to a traditional print advertising campaigns.

But while brand influencers may offer a startup valuable exposure, Humphrey’s warns founders to “take time to do your due diligence” and research whether an influencer’s values align with the values of their startup.

She says startups should be “taking the time to research them so they understand who that influencer is: some are managed by an agent, so take time to do your due diligence.”

Humphreys also warns against equating having a large follower base with having influence, noting that brand ambassadors should have an engaged community of followers who would be “interested in the alignment” between the chosen influencer and the startup’s product.

“With influencers, the key word is ‘influence’ — smaller brands often work with individuals with a large following, but that doesn’t mean they have influence” Humphreys says.

Before signing on a brand ambassador or influencer, Humphreys advises startups should measure the engagement potential of an influencer against the number of followers they have, considering closely the ratio of people actively engaging with their content.

Once a startup has done its due diligence and identified a potential influencer, Humphreys suggests to “speak their language” and approach the influencer through the platform they are most active on — be that through an Instagram DM or a Twitter message, rather than a traditional email.

Navigating the risks

While Usher’s popularity has led him to amass 68 million followers, it has also thrown the singer in the midst of a recent scandal involving claims he had paid $US1.1 million ($1.38 million) to an unnamed celebrity stylist after allegedly giving her a sexually transmitted disease in 2012, news.com.au reports.

Negative press is one of the potential risks of working with brand influencers, however this can be mitigated with the proper preparation in place, according to Humphreys.

“Look for someone who has brand values that align with yours: it’s important to negotiate that in an agreement, since it’s a transactional paid opportunity. Like any other contractual agreement you want to make sure there are guidelines,” she says.

She also advises startups to have a specific exit clause in case the influencer “compromises the values of the business” to ensure a swift end to a partnership if needed.

So what can startups do if the worst happens, and their brand influencer goes completely off plot? Humphreys says in situations like these “speed is everything”.

She notes that even the smallest startups should still “have a crisis plan that addresses any potential issues that may arise”.

“Make sure you’ve got a person assigned to jump in and communicate [to your customers] as soon as something goes wrong,” she says.

“Speed is pivotal.”

 


MSM Corporation International bags A$10.5 million; ropes in Usher

09:11 15 Aug 2017

Eight‐time Grammy Award winning superstar, Usher, has joined MSM.

MSM Corporation International bags A$10.5 million; ropes in Usher

Topbetta sees a huge potential in the under-developed U.S. market

MSM Corporation International (ASX:MSM) has successfully completed a capital raising of A$10.5 million via the issue of shares and convertible loans.

The company’s flagship product is Megastar Millionaire, a global app-based talent contest that promotes social media artists in a series of competitions conducted over multi-month time spans.

The app is now live in Great Britain, South Africa, New Zealand and Canada and is all set to launch in Australia and the U.S. soon.

Following the capital raise, MSM is in a position to continue its momentum and further build the success of the global competition.

MSM will allocate $1.89 million towards marketing and production plans for the first Megastar competition, including music licencing rights and optimising the platform infrastructure.

The company will allocate $5.7 million towards talent acquisition costs, payment to the judges and mentors for the competition, which will be made in staged payments linked with key milestones.

Interestingly, eight‐time Grammy Award winning superstar, Usher, has joined MSM as Megastar chief creative director.

Usher is one of the best‐selling artists in American music history and a household name across the globe.

MSM’s share price closed 9% higher on Monday, at A$0.024.


Usher joins local tech start-up

Reporter @swan_legend
HOUSTON, TX — FEBRUARY 05: Usher looks on prior to Super Bowl 51 between the New England Patriots and the Atlanta Falcons at NRG Stadium on February 5, 2017 in Houston, Texas. (Photo by Kevin C. Cox/Getty Images)

ASX-listed Sydney tech start-up MSM has landed eight-time Grammy winner Usher as its chief creative director, with the pop superstar set to also serve as headline judge, mentor and brand ambassador for the firm’s Megastar competition.

MSM managing director Dion Sullivan said Usher’s background having sold over 65 million albums worldwide and and mentored Justin Bieber – launching him to stardom – made him ideally suited as Megastar’s celebrity ambassador to guide contestants through the competition.

Megastar is an app-based talent competition worth one million US dollars and has already launched in the UK, South Africa, New Zealand and Canada with launches slated for the US and Australia this week.

Performers compete in any category, for a prize pool of one million US dollars, a role in a film produced by executive producer John Baldecchi, and a variety of cash prizes.

“Megastar is unlike any talent competition out there,” Usher said. “It spotlights the power of emerging global talent and turns seemingly unattainable dreams into reality. I’m thrilled to be a part of this creative, next generation online competition.”

Mr Sullivan said Usher’s engagement is for an initial term ending 60 days following the finale of the first Megastar competition in 2017, with the consideration payable to Usher comprised of staggered cash payments, performance rights and royalties.

“We are absolutely delighted to have Usher invested in both the product and the outcome of Megastar,” Mr Sullivan said. “His career spans over 24 years already and he has inspires so many artists.”

Usher is in the midst of controversy however, finding himself in the middle of a million dollar lawsuit after explosive court documents allege the singer gave an unnamed woman genital herpes in 2012.

According to court documents obtained by Radar Online, the singer, whose real name is Usher Raymond IV, shelled out $US1.1 million ($A1.38 million) for the celebrity stylist after he allegedly gave her the sexually transmitted disease.

MSM shareholders don’t seem to mind however with shares up about 10 per cent on the announcement.

MSM also announced it had raised $10.5m ahead of its global launch, with the funds going towards marketing, production and judges for the competition.

The raise was led by CPS Capital Group and Cadmon Advisory.