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AEW suing TrillerTV for nearly $5 million in overdue payments - POST Wrestling | Podcasts, News, Reviews | WWE AEW NXT NJPW
TrillerTV declares insolvency, is suing its parent company for abandonment. AEW pay-per-view splits disclosed.
www.postwrestling.com
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.
Triller Group’s corporate structure, as disclosed in Flipps Media’s lawsuit filed in the Delaware Court of Chancery.In its case against its parent company, last Friday, Vice Chancellor Morgan Zurn granted Flipps’ motion to expedite the proceedings, given the company’s dire financial situation.
Triller Group was delisted from the Nasdaq exchange last December after failing to file its financial reports on time. Trading for Triller was briefly restored on April 15 after the parent company filed its overdue annual report, but two days later, Nasdaq issued a delisting notice for a separate and pre-existing problem, which was that Triller Group’s stock price was below the required $1.00 minimum bid price since at least last summer. As of Monday, the stock was trading at about 25 cents per share, implying a market capitalization of about $50 million.
AEW’s lawsuit alleges breach of contract, unjust enrichment, and tortious interference, among other counts of action. The last of those is directed solely at the parent Triller Group for its role in directing TrillerTV’s financial conduct.
