TECH CRUNCH - Triller, a TikTok competitor, is set to go public, claiming 550M lifetime sign-ups in its S-1 filing. However, Apptopia data shows Triller has only been downloaded 73.2M times, 87% lower than reported. Triller maintains its numbers are accurate, but past discrepancies in reported user figures raise doubts. Triller's S-1 also reveals it earned revenue of $47.7M in 2022 but experienced substantial annual losses. Apptopia's estimates indicate users spend ~11 mins per month on the platform per device.
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Triller's User Numbers Questioned as It Prepares for IPO
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TikTok Competitor Triller Files to Go Public
TECH CRUNCH - Triller, a TikTok competitor, files for a direct listing on the NYSE after facing legal and financial hurdles. The short-form video platform has struggled with lawsuits and financial losses, including a failed SPAC merger attempt. Triller's S-1 filing reveals its focus on monetizing user-generated content and acquisitions. Despite revenue growth, the company reported significant losses.
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Triller: an Unstoppable AI Powerhouse Poised for Exceptional Growth
ST LOUIS POST DISPATCH - Triller, once considered a TikTok rival, has transformed into a dominant force in AI-driven social media. With impressive user engagement and diverse business lines in music, combat sports, short-form content, and brand marketing, Triller presents an exciting investment opportunity. Its AI model revolutionizes social networking, while subsidiaries like Cliqz and Verzuz contribute to its success.
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Triller Launches One-step Portal for Users to Transfer From TikTok Seamlessly
TUCSON.COM - In response to the possible TikTok ban, Triller has launched a one-step portal transfertiktok.com. As people get ready for the possible ban on TikTok, Triller and its subsidiary companies have seen an unprecedented level of growth across their ecosystem. The app has spent over $500M buying and consolidating other companies, including Julius, a marketplace that connects brands to influencers, and Fangage, a front-end portal for creators.
by Jesse Wilson
See full article at Tucson.com
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Triller and Its Subsidiaries Hit 450M Registered Users as TikTok Ban Looms
THE CHARLOTTE OBSERVER - Triller is a social networking platform for video-sharing that replaced TikTok when many countries, including the USA, imposed a ban on the app in 2020. It follows an open-garden system where creators get ~70% of their money from the influencer ecosystem, giving them complete control of their content and no longer paying social media networks to reach their target audience. Triller has attracted ~450M users worldwide, and ~100 top creators and celebrities have switched to Triller, experiencing incredible growth in their incomes.
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Triller Closes Julius Buyout Despite Facing Multiple Missing-Payment Lawsuits
DIGITAL MUSIC NEWS - Despite facing lawsuits from Universal Music Group (UMG) and others, short-form video-sharing app Triller has wrapped its acquisition of Julius Influencer Marketing. In the suit, SME called out the purported "purchasing spree" that Triller had executed while failing to cough up owed music royalties, specifically mentioning Julius.
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Triller Sued Again for Alleged Non-Payment of License Fees
ROLLING STONE - Triller, the short-video social media app, is facing another lawsuit from a major music publisher claiming it fails to pay licensing fees outlined in its contracts. Triller, which claims to have 65M active users, signed a framework agreement with Universal in December 2020 in which it agreed to pay "sync license fees" for the placement of Universal songs in Triller videos.
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Triller Is Exploring Revenue Share Deals With Major Labels While Being Sued by Sony
MUSIC BUSINESS WORLDWIDE - Video-sharing social networking service Triller is exploring revenue-share deals with major labels. The platform is currently "assessing" what it calls a "Spotify-like model", which, they add, would include "a revenue share versus large cash payments as our agreements come up for renewal". Meanwhile, it was reported that the 3 majors are currently asking Triller rival TikTok for a share of advertising revenues generated on its platform in their deal negotiations. It was also reported that Triller had removed the catalogs for Warner Music Group, Sony Music Entertainment, and Universal Music Group, as well as for Merlin, which represents prominent independent labels and distributors.
by Murray Strassen
See full article at Music Business Worldwide
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Triller to Go Public Via Merger With SeaChange International
TECH CRUNCH - Short video app Triller is set to go public via a reverse merger with video-tech company SeaChange International. The combined entity will be valued at ~$5B. After completing the merger, SeaChange will change its name to TrillerVerz Corp. The Massachusetts-based company is a supplier of video delivery software solutions that power cloud and on-premise video delivery platforms.
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Triller to Pay Black Creators $4k a Month in Cash, Equity With New Program
THE GRIO - Triller, a video-sharing social networking platform, is launching a funding program for Black creators. Creatives will be given $2K in cash and another $2K in company equity per month for posting 8 monthly videos. Users can sign a one-year contract with Triller that begins on Jan 1, 2022. Users must also share 8 different posts with references to Triller on their other social accounts.
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Triller Seeks Judgment on the Pleadings in TikTok Patent Lawsuit
LAW STREET MEDIA - According to a filing submitted by Triller, the claims of 3 patents belonging to ByteDance are unpatentable. The motion for judgment on the pleadings asserts that the patents' 20 claims are invalid under 35 U.S.C. ยง 101 for effectively claiming an abstract idea.
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TrillerPass Is Priced at $29.99 per Month or $299.95 per Year
ROUTE NOTE - June 15 - TrillerPass will give subscribers unlimited access to live and on-demand premium events from Triller. Subscriptions are $29.99 per month or $299.95 per year. The main advantage to monthly subscriptions is generally the ability to cancel at any point. However, Triller's monthly option requires a 12-month commitment. Triller is only selling a limited number of TrillerPass subscriptions before closing the offer.
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Triller Gets a New CEO With the Acquisition of Amplify.AI; Also Acquires FITE TV
TECH CRUNCH - Apr 15 - Triller, a short-form video app, acquired an AI-based customer engagement platform, Amplify.AI, whose co-founder Mahi de Silva will now become TrillerNet's CEO. Existing CEO Mike Lu will transition to the president of TrillerNet and will focus on investor relations. TrillerNet also acquired another strategic property to help shift its business further into the direction of live events: FITE TV. As a result, FITE, which touts 10M users, will become the exclusive digital distributor of all Triller Fight Club boxing events in the future. Triller spent $250M in the aggregate on its acquisitions, including Halogen, Mashtraxx, Verzuz, FITE, and Amplify.
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Ex-MoviePass Chair's Zash to Acquire Singapore Video-Sharing Network Lomotif
HOLLYWOOD REPORTER - Feb 24 - Zash Global Media and Entertainment, co-founded by former MoviePass chairman Ted Farnsworth, has struck a definitive agreement to acquire a majority stake in Lomotif, a Singapore-based video-sharing social networking platform a la TikTok founded in 2014. Zash, which was also founded by early Musical.ly (now TikTok) investor Jaeson Ma and Vincent Butta, who sits on the board of social media platform Triller, operates a social influencer platform and wants to develop "an evolved network of synergetic companies working together to disrupt the media and entertainment industry." The deal will make the company "one of the top global, pure-play video-sharing social networking platforms to be owned by a U.S. publicly-traded company, competing with TikTok and Kuaishou."
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TikTok Rival Triller Weighs Going Public
AFP - Oct 14 - Triller, an app similar to TikTok that allows users to share short video clips, is in talks with several companies about a possible merger that would allow them to go public. Triller, launched in 2015, says it currently has 65M monthly users around the world.
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