Triller Finalizes Deal To Acquire FITE Streaming Platform
TrillerNet (aka Triller Hold Co LLC), parent company of the AI-driven short video social app Triller, today announced it has acquired FITE, the global live-event and Pay-Per-View, SVOD and AVOD and streaming platform for sports and entertainment.
The deal gives Triller a major foothold in the live-event PPV and streaming space, greatly expanding the reach of Triller’s fast-growing AI-powered content and distribution ecosystem and allowing the company to continue to invest in new lifestyle and entertainment programming.
“FITE has been a fantastic partner, and the synergy between the two businesses and teams was clear from day one,” said Bobby Sarnevesht, Chairman and Co-owner of Triller, and Ryan Kavanaugh, Co-owner of Triller, jointly. “With our acquisition of FITE, we bring into TrillerNET their stellar technology, valuable customer and content partner base, and one of the most experienced executive teams in this space. The deal represents our ambitions to not only expand Triller Fight Club and grow FITE’s distribution relationships, but also to reimagine what, how and when premium music, sports and entertainment is delivered to today’s audiences.”
With over 10 million users and 4 million registered sports and entertainment fans, FITE has streamed over 5,000 live events over the past 5 years.
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Will Use FITE's Platform to Expand Triller Fight Club and Develop Premium Four-Quadrant Entertainment and Lifestyle Content pic.twitter.com/FRoPrcQk3t
— FITE (@FiteTV) April 14, 2021
“Triller has an exceptionally visionary executive team that is revolutionizing the world of sports and entertainment. We are very excited to be a part of and play a role in this process,” said Kosta Jordanov, FITE Co-Founder and CEO. “As part of the TrillerNet, FITE will become the exclusive global digital distributor of all Triller Fight Club events going forward, and this content relationship is planned to expand in exciting new ways. We will continue to work with and serve all our content partners, and we look forward to bringing Triller’s significant user base and promotional clout to all the major events we carry on the FITE platform.”
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 move to Internet 3.0.
The FITE acquisition is the latest major move for TrillerNet, which on March 9 acquired leading live-music streaming platform Verzuz, the popular live streaming music platform founded by music stars Swizz Beats and Timbaland.
“With over 10 million users, FITE is the perfect long-form platform for Triller to continue releasing its cultural content spanning fighting, sports, fashion, music and pop culture,” added Ryan Kavanaugh. “We have officially completed our 360-degree content engine with this acquisition.”
Next up for Triller and FITE is the highly anticipated 2021 debut of Triller Fight Club, featuring the headline fight Jake Paul vs. Ben Askren in Atlanta on April 17th.
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