PODCAST SPOTLIGHTED ALERT (YOUR ITEM STARTS A FEW INCHES DOWN) …
In a press release released today, it was announced that Triller has acquired Fite TV. Fite TV primarily hosts PPV boxing, MMA, and wrestling. The company also hosts ROH Honor Club content and Impacts Plus content. In addition, Fite TV has an AEW Dynamite subscription level for international viewers and offers AEW PPVs. It is not yet known whether any of these deals will be struck by the takeover of the company by Triller.
This weekend, Triller presents Triller Fight Club with Jake Paul against Ben Askren in a boxing match. The show will be available for purchase on Fite TV.
TrillerNet (aka Triller Hold Co LLC), parent company of the AI-based short video social app Triller, today announced that it has acquired FITE, the world’s leading live events and Pay-Per- View, SVOD and AVOD and streaming for sports and entertainment.
The deal gives Triller a major foothold in the live event PPV and streaming space, significantly expanding the reach of Triller’s growing AI-based content and distribution ecosystem and allowing the company to continue to invest in new lifestyle and entertainment programs.
“FITE has been a fantastic partner, and the synergy between the two companies and teams was clear from day one,” said Bobby Sarnevesht, president and co-owner of Triller, and Ryan Kavanaugh, co-owner of Triller, jointly. “With our acquisition of FITE, we bring to TrillerNET their stellar technology, a valuable customer and content partner base, and one of the most experienced management teams in this field. The deal represents our ambitions to not only expand Triller Fight Club and grow FITE’s distribution relationships, but also to reinvent what, how and when premium music, sports and entertainment are delivered to today’s audiences. hui. “
“Triller has an exceptionally visionary management team that is revolutionizing the world of sports and entertainment. We are very happy to participate and play a role in this process, ”said Kosta Jordanov, co-founder and CEO of FITE. “As part of TrillerNet, FITE will become the exclusive global digital distributor of all Triller Fight Club events going forward, and this content relationship is expected to grow in exciting new ways. We will continue to work with and serve all of our content partners, and we look forward to bringing Triller’s large user base and promotional influence to all of the major events we host on the FITE platform. .
Triller is used by musicians, athletes, digital talent and other creators of culture and serves hundreds of millions of fans around the world while providing specialized opportunities for major brands in music, sports, entertainment. , fashion and pop culture. The addition of FITE is a key strategic addition as Triller seeks to capture the burgeoning “culture graph”, the next generation of creators and users leading the transition to Internet 3.0.
“With over 10 million users, FITE is the perfect comprehensive platform for Triller to continue publishing its cultural content spanning fighting, sports, fashion, music and pop culture,” added Ryan Kavanaugh. “We officially finished our 360-degree content engine with this acquisition.”
The acquisition of FITE is the latest major initiative of TrillerNet, which on March 9 acquired the leading live music streaming platform Verzuz, the popular live music platform founded by music stars Swizz Beats. and Timbaland. TrillerNet also owns Triller Flight Club, a live events platform partnered with Snoop Dogg that is reinventing boxing as four-quadrant entertainment, and TrillerTV, a long-running content delivery platform with over 65 Original half-hour digital series from pioneers such as Jennifer Lopez, the D’Amelio family, 2 Chainz, Jake Paul, Perez Hilton and more.
With over 10 million registered users and 4 million sports and entertainment fans, FITE has broadcast over 5,000 live events in the past 5 years. FITE partners include the most elite combat sports brands including Top Rank, AEW, PBC, ONE Championship, WWE, Impact, Golden Boy Promotions and Matchroom Boxing. FITE has one of the most scalable and reliable digital live streaming capabilities in the industry, a large loyal audience for premium events and content relationships with over 300 sports rights holders across 5 continents. In collaboration with its partners, FITE has already broadcast the biggest names in combat sports, including Floyd Mayweather, Manny Pacquiao, Mike Tyson, Tyson Fury, Canelo Alvarez, Gennady Golovkin, Roy Jones Jr., Deontay Wilder, Terance Crawford, Errol Spence Jr., Teofimo Lopez and Vasyl Lomachenko among hundreds of others as well as the boxing matches of YouTube celebrities KSI, Logan Paul and Jake Paul. FITE investors include Earlybird Digital East, LAUNCHub Ventures, Tim Draper and BrightCap who have now joined Triller’s list of investors.
Alantra acted as financial advisor to FITE for the transaction.
Next up for Triller and FITE is the highly anticipated Triller Fight Club debut in 2021, with the Jake Paul title fight against Ben Askren in Atlanta on April 17, and live performances from some of the industry’s top talent. music, including Justin Bieber and hip hop supergroup Mt. Westmore (Snoop Dogg, Ice Cube, Too $ hort and E-40), as well as The Black Keys, Doja Cat, Saweetie, Diplo and Major Lazer. The two companies will announce several more four-quadrant events of this magnitude next month, including the highly anticipated return of Oscar De La Hoya after retiring to the boxing ring at the upcoming Triller Fight Club event on July 3.