Posted on 5/11/126 by Bob Magee
AEW has filed a lawsuit against TrillerTV and its parent
company, Triller Group, Inc., alleging the streaming
platform owes Tony Khan’s wrestling company just under $5
million in unpaid revenue from AEW pay-per-view sales and
from proceeds for the now-discontinued AEW Plus subscription
service.
AEW’s lawsuit was filed on April 29 in Duval County Court in
Florida. The legal complaint alleges TrillerTV’s parent
company used AEW-derived revenues to fund other businesses —
including a social media platform that never took off —
rather than paying AEW what it was owed.
“[Triller Group Inc.’s] strategy of robbing revenues
generated by TrillerTV’s distribution of AEW content to
cover other of Defendants’ operating expenses (much of which
was spent on the social media platform endeavor) negatively
impacted its relationship with and payments owed to AEW,”
AEW’s attorneys wrote in the lawsuit.
But a few weeks before AEW filed its case, a separate
lawsuit was brought by TrillerTV itself against its own
parent, Triller Group, Inc. The two cases, read together,
reveal a more complete picture of Triller’s financial and
corporate troubles, which have also been evident from
regulatory filings in recent months.
Flipps Media Inc., the corporate entity underlying
TrillerTV, told the Delaware Chancery Court that the company
is insolvent, meaning it’s unable to pay its debts. Flipps
says the company lacks a board of directors, a fact that
prevents it from filing for bankruptcy. Flipps is asking the
Court to declare that its officers are its board of
directors so Flipps can consider whether bankruptcy is in
the best interests of the company and its creditors.
Judging by its website, TrillerTV is still operating and has
many upcoming live events listed on its streaming schedule.
According to Flipps’ lawsuit, TrillerTV has been abandoned
by Triller Group. The filing says the company is currently
being operated by CEO Kostadin Jordanov and President and
COO Eric Winter. An email sent to Adam Bigwood was responded
to with an out-of-office message stating he no longer works
for the company. Bigwood formerly worked as Chief Content
Officer for TrillerTV. A source familiar with his position
at the company informed POST Wrestling that Bigwood’s last
day was on April 30.
In response to a request for comment, Triller responded to
POST Wrestling with a statement attributed to the CEO of
Triller Group, Inc., Wing-Fai Ng:
“We take these reports seriously and are reviewing the legal
matter thoroughly,” Ng stated. “At this time, Triller Group
Inc. has no comment.”
AEW launched MyAEW, its own streaming platform in
partnership with Kiswe, in March 2026, replacing much of
what TrillerTV offered international wrestling fans for
nearly seven years through AEW Plus, which was formally
discontinued on TrillerTV last month.
Lawsuit discloses revenue splits
AEW’s lawsuit details a business relationship with the
streaming platform formerly known as FITE that mostly
functioned well — “aside from some slow payments” — until
2024, the same year the streamer was merged into its current
parent company.
At that point, AEW says, Triller “could (and did) use the
revenues Flipps [TrillerTV/FITE] generated from its
distribution of AEW content to pay for other operational
expenses.”
AEW content drove 24% of all Triller Group revenue in 2024,
according to a Triller Group SEC filing.
AEW’s lawsuit also revealed how net revenues — after sales
tax and app store fees — with TrillerTV were divided. Court
documents submitted by AEW’s attorneys indicate AEW was due
75% of the net revenue from domestic pay-per-view sales and
65% of the net revenue from international sales. That was a
split established in mid-2019. Before that, for AEW’s
earliest pay-per-views, the net revenues were shared 50/50.
For AEW Plus, the wrestling company got 60% of net revenue,
with Triller getting the other 40%.
AEW alleges that the parent Triller Group exploited the gap
in timing between the point of sale and when payments to AEW
were due. AEW says it sent written demands for payment to
Triller in each of January and March 2025. An April 2026
legal demand letter shows AEW’s outside counsel claiming
$4,988,989.13 in payments were owed by Triller and that the
amount is continuing to accrue interest at a rate of 2% per
month, in accordance with a contract which has also been
filed in the case.
“Defendants failed to make the full payment due on March 1,
2025, paying a fraction of the total amount owed — despite
the remittance being a mere percentage of the total revenue
Defendants collected and had in its coffers from AEW viewers
before wrongfully spending it on other ventures and
expenses,” (emphasis original) AEW counsel wrote.
TrillerTV was formerly known as FITE and has streamed
numerous wrestling companies’ shows, as well as other sports
events, since the 2010s. The streaming company was acquired
by Triller in 2021. Triller was then merged with publicly-
traded financial services business AGBA in October 2024,
which led to the creation of Triller Group Inc.
Among TrillerTV, a social media business, and the Hong Kong-
based finance company, Triller Group contains a variety of
corporate entities, as outlined in the Delaware complaint.