Triller Group has appointed Kevin McGurn as its new chief executive officer, effective November 2024.
McGurn brings extensive experience in media and entertainment to the role. His appointment is part of a wider transformation plan vibrato groupThe company recently began trading on Nasdaq after merging with a Hong Kong-focused financial services firm color group Keep.
Triller, now trade with the following code IILRplummet 22.7% The first day of listing is October 16th.
The incoming CEO’s resume includes positions at major digital media companies. exist Vivothis universal music and Sony Music Entertainment While at the joint venture, McGurn served as president of sales and distribution, leading the company’s expansion into a global music television network.
He previously held senior positions at the following companies: gourdhe helped build a sales team from the ground up and built over US$500 million In terms of advertising revenue. exist full screen and otter media inc.McGurn develops revenue streams across the entire creator economy.
“The future of the entertainment world is bright, and I’m extremely excited to join the Triller Group team to maximize our value to creators, fans and brands.”
Kevin McGurn, Trier
McGurn has also held executive positions T-Mobilemarketing department.
“The future of the entertainment world is bright, and I’m extremely excited to join the Triller Group team to maximize the value we create for creators, fans and brands,” said McGurn.
“Our renewed focus means Triller Group is well-positioned to deliver best-in-class entertainment content to our fans no matter when, where and how they watch. We will continue to build on our deep verticals in video, music and sports foundation and optimize our expertise in mobile and connected TV.
Bob Diamond“Kevin’s extensive experience and track record of driving growth and innovation uniquely positions him to lead the company and deliver on our shared vision of building a platform that serves creators, brands and users,” said the Chairman of the Board. A single integrated platform that creates value for all our stakeholders.
In addition to McGurn’s appointment, Triller Group also announced two other major leadership changes. James McCannfounder and former CEO 1-800-Flowers.comhas joined the Board of Directors and will serve as Chairman of the Nominating Committee. McCann has more than 40 years of leadership experience and currently serves as Willis Towers WatsonBoard of Directors and Directors Scott’s Miracle-Gro and International Game Technology Co., Ltd..
Meanwhile, former Triller CEO bobby Sarnevis Will transition to a board position. Triller Group said in a statement that he will contribute his operational knowledge and entrepreneurial experience to guide the company’s strategic direction.
Triller hinted at plans to unveil more leadership appointments at an upcoming investor and media event in November.
The newly merged Triller Group operates two main businesses: a social media platform company headquartered in the United States Triller Corporationand colorproviding financial services and healthcare products through a technology-led ecosystem, serving 400,000 customer.
Before the company merged and listed on Nasdaq, Triller was hit by a series of lawsuits, including disputes with major record labels, over non-payment of licensing fees for music on its platform sony music and universal music group. Sony Music’s lawsuit alleging unauthorized use of music content was settled in 2023.
Earlier this year, the company reported that it owed $23.6 million Pay unpaid license fees to each rights holder.
As part of the merger agreement approved by shareholders in September, Triller Group allocated 50 mega shares to address “the future resolution of certain Triller legal and financial obligations.” Based on the company’s closing price $3.63 On Monday (October 21), these stocks were valued at approximately $181.5 million.
global music business
