Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 101

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 101
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’s service. In addition, Triller’s music licenses from record labels, music publishers
and other copyright owners may not contemplate some of the features and content that Triller may wish to add to its service, or new service
offerings or revenue models that Triller may wish to launch. To the extent that Triller is unable to license or continue to license a
large amount of music rights or the music rights related to the music written or performed by certain popular artists, Triller’s
business, operating results, and financial condition could be materially harmed.

With respect to musical
compositions, in addition to obtaining the synchronization, distribution and reproduction rights, Triller also needs to obtain public
performance or communication to the public rights, and this needs to be accomplished on a territory basis. At times, while Triller may
hold sufficient license rights for certain music in a territory such as the United States, it may be difficult to obtain the license for
the same music rights from the applicable rights holders outside of such territory.

In the United States,
public performance rights are typically obtained separately through intermediaries known as performing rights organizations (“PROs”)
which (a) issue blanket licenses with copyright users for the public performance of musical compositions in their repertory, (b) collect
royalties under those licenses, and (c) distribute such royalties to copyright owners. Triller has, or are in some instances in the
process of obtaining licenses, for public performance of musical compositions in the United States, Canada, Mexico, Europe and other territories,
through local collecting societies representing songwriters and publishers, and from certain publishers directly, or a combination thereof.
The royalty rates available to Triller from the PROs today may not be available to Triller in the future. The royalty rates under licenses
provided by American Society of Composers, Authors and Publishers (“ASCAP”) and Broadcast Music Inc. (“BMI”)
currently are governed by consent decrees, which were issued by the U.S. Department of Justice in an effort to curb anti-competitive conduct.
Removal of or changes to the terms or interpretation of these agreements could affect Triller’s ability to obtain licenses from
these PROs on current and/or otherwise favorable terms, which could harm Triller’s business, operating results, and financial condition.

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In other parts of the
world, including in Canada and Europe, Triller has or are in some instances in the process of obtaining licenses for public performance
of musical