Triller TV’s fraught financial situation only appears to be getting worse, with a recent disappearance from the NASDAQ stock market sparking panic amongst platform users. Nevertheless, as fans worry a few possible Triller shutter, certainly one of the streaming platform’s most featured promotions, GCW, appears to be confident about their broadcasting partnership moving forward.
In line with Fightful Select, GCW is unconcerned in regards to the impact of Triller’s financial troubles on their broadcasting partnership. Triller reportedly paid GCW ahead of the brand new 12 months, and reports from Triller’s perspective report a “pretty healthy” relationship between the streaming service and GCW.
Interestingly, reports claim that Triller TV’s financial woes could also be misattributed. Fightful Select posited that Triller TV’s parent company, Flipps Media, Inc., is the one facing hardship. Flipps Media, appears to be insolvent, or in debt, but unable to liquidate its assets into money. Sources theorize that Flipps Media is using Triller TV revenues to pay company bills within the midst of their debt. Flipps Media has reportedly long-used this business model. This plan was executed under the assumption that TikTok, an enormous within the video-sharing and streaming industry, could be banned: a plan that, clearly, didn’t come to pass.
As of writing, Flipps Media’s exact financial situation stays unclear. The corporate, nonetheless, stays in hot water after a FITE TV subscriber attempted to revive a category motion lawsuit, by which Flipps was accused of sharing consumer data with Meta. The case was not revived, and Triller TV seems unaffected by its parent company’s legal trouble.