Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 155

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 155
---
 a weakness in these procedures,
systems, and internal controls, inability or difficulty complying with commitments, whether due to lack of resources or capabilities or
otherwise, negligence, or the willful act of an employee or contractor. The Company’s insurance policies, including errors and omissions
insurance, may be inadequate to compensate it for the potentially significant losses that may result from claims arising from breaches
of the Company’s contracts, disruptions in Triller’s services, failures or disruptions to Triller’s infrastructure,
catastrophic events and disasters or otherwise.

In addition, such insurance may not be available to the Company in
the future on economically reasonable terms, or at all. Further, Triller’s insurance may not cover all claims made against the Company
and defending a suit, regardless of its merit, could be costly and divert management’s attention. For example, judgment has recently
been entered against the Company following litigation regarding payment of fees with Universal Music Publishing Group.

The market and sectors in which the Company participates are competitive and rapidly evolving, and if it does not compete effectively with established companies as well as new market entrants Triller’s business, results of operations, and financial condition could be harmed.

Triller’s business model is a new category of integrating entertainment
and social media with technology in a rapidly evolving market that is intensely competitive, fragmented, and subject to rapidly changing
technology, shifting customer needs, new market entrants, and frequent introductions of new products and services. Moreover, the Company
expects competition to increase in the future from established competitors and new market entrants, including established technology and
major media companies who have not previously entered the market. Triller’s other competitors fall into the following categories:
live sports events and pay-per-view programming, such as WWE and UFC; web content programming platforms, such as Netflix; and
social media companies with social video features, such as Instagram, Facebook, Snapchat and TikTok. With the introduction of new technologies,
the evolution of Triller’s business, and new market entrants, the Company expects competition to intensify in the future. Established
companies may not only develop their own live events programming platforms and social video sharing technology, but also acquire or establish
product integration, distribution, or other cooperative relationships with Triller’s current competitors. For example, while the
Company currently partners with entertainment and media companies, they may develop and introduce products that directly or indirectly
compete with the Company. New competitors or alliances among competitors may emerge and rapidly acquire significant market share due