Exciting Opportunity to Leverage Triller’s Underutilized Assets to Create Next-Gen Entertainment Platform
October 30 2024 - 8:00AM
Triller Group Inc. (Nasdaq: ILLR) (“Triller Group” or “the
Company”) today announced the release of its latest Fact Sheet,
providing initial insights into the Company’s mission to become the
next generation Entertainment Platform.
“I could not be more excited about our future
prospects, as an App, as a brand and as a group of leading-edge
companies”, said Bob Diamond, Chairman of the Board. “We have the
disruptive fighting brand in BKFC, the next generation streaming
platform in TrillerTV, sophisticated AI tools helping Presidential
candidates and NFL franchises find their audiences, and an App upon
which we will build an integrated vertical video and connected TV
multimedia entertainment platform.”
With the creator economy valued at a massive
$180 billion and experiencing robust growth, Triller Group is well
positioned to address emerging issues driven by ongoing
technological disruption. Issues such as creators or professional
content providers struggling to protect, leverage, or monetize
their content. Or users looking for better ways to discover and
engage with exciting new content. These unmet needs of creators,
brands and users create huge market opportunities for Triller
Group.
As the Company develops and implements
strategies to meet these needs, Triller Group is not starting from
scratch. The Company already has a strong foundation with powerful
assets and brands in vertical video (Triller App), connected TV
(TrillerTV) and content and events (BKFC) that foster passionate
user engagement through authenticity and trust. The transformation
journey has already started as evidenced by the fact that the
Company has:
- A content-rich Triller App, with 36% of users actively creating
content.
- A highly sophisticated, AI-driven suite of tools and services,
currently serving top creators and leading brands globally on the
Triller App and across the social media landscape.
- More than 3,000 events live-streamed annually without a glitch
through TrillerTV.
- Proof of concept with BKFC, the world’s fastest-growing combat
league, featuring highly successful events and unique content made
accessible across all media distribution channels, including
vertical video and connected TV, on a global scale.
As Triller Group connects and integrates these
underleveraged assets, Triller Group will start to occupy a truly
unique position as an entertainment platform, translating into
unparalleled value for all our stakeholders.
Over the next few weeks, the Company will
provide further updates as an experienced management team renowned
for its execution and integrity is being put into place under the
leadership of Kevin McGurn, the Company’s previously announced
incoming CEO. More details on the transformation plan and
associated business plan will also be provided during a planned
investor and media day in November 2024.
Triller Group is excited to embark on this
journey to redefine entertainment and create unparalleled
opportunities for creators, brands and audiences alike.
The Fact Sheet is available on the Company’s Investor Relations
page at the following address: https://trillercorp.com/ir/.
About Triller Group Inc.
Triller Group is a US-based company that operates two main
businesses: the newly merged US-based social media operations
(Triller Corp.), and the legacy operations of the Company in Hong
Kong (“AGBA”).
Triller Corp. is a next generation, AI-powered,
social media and live-streaming event platform for creators.
Pairing music culture with sports, fashion, entertainment, and
influencers through a 360-degree view of content and technology,
Triller Corp. uses proprietary AI technology to push and track
content virally to affiliated and non-affiliated sites and
networks, enabling them to reach millions of additional users.
Triller Corp. additionally owns Triller Sports, Bare-Knuckle
Fighting Championship (BKFC); Amplify.ai, a leading
machine-learning, AI platform; and TrillerTV, a premier global PPV,
AVOD, and SVOD streaming service. For more information, visit
www.triller.co.
Established in 1993, AGBA is a leading, multi-channel business
platform that incorporates cutting edge machine-learning and offers
a broad set of financial services and healthcare products to
consumers through a tech-led ecosystem, enabling clients to unlock
the choices that best suit their needs. Trusted by over 400,000
individual and corporate customers, the Group is organized into
four market-leading businesses: Platform Business, Distribution
Business, Healthcare Business, and Fintech Business. For more
information, please visit www.agba.com.
Safe Harbor Statement
This press release contains forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements that
are other than statements of historical facts. When the Company
uses words such as “may,” “will,” “intend,” “should,” “believe,”
“expect,” “anticipate,” “project,” “estimate” or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements. Forward-looking statements are
not guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company’s expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company’s goals and strategies; the Company’s future
business development; product and service demand and acceptance;
changes in technology; economic conditions; the outcome of any
legal proceedings that may be instituted against us following the
consummation of the business combination; expectations regarding
our strategies and future financial performance, including its
future business plans or objectives, prospective performance and
opportunities and competitors, revenues, products, pricing,
operating expenses, market trends, liquidity, cash flows and uses
of cash, capital expenditures, and our ability to invest in growth
initiatives and pursue acquisition opportunities; reputation and
brand; the impact of competition and pricing; government
regulations; fluctuations in general economic and business
conditions in Hong Kong and the international markets the Company
plans to serve and assumptions underlying or related to any of the
foregoing and other risks contained in reports filed by the Company
with the SEC, the length and severity of the recent coronavirus
outbreak, including its impacts across our business and operations.
For these reasons, among others, investors are cautioned not to
place undue reliance upon any forward-looking statements in this
press release. Additional factors are discussed in the Company’s
filings with the SEC, which are available for review at
www.sec.gov. The Company undertakes no obligation to publicly
revise these forward–looking statements to reflect events or
circumstances that arise after the date hereof.
Investor & Media Relations:
Bethany Laiir@triller.co investorrelations@triller.co
Anthony
Silvermanads@apellaadvisors.com
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