Triller.co Reveals Proxima Media’s Investment


(Los Angeles, CA) Proxima Media, LLC was founded by Ryan Kavanaugh.  Mr. Kavanaugh is a well known movie producer.  Additionally, Proxima Media’s executive team is also well known, for their contributions to the production process of movies.  Together, they are credited with having produced more than 200 feature films.  It is estimated that, the movie box office gross of all of these movies, is more than $25 billion USD.  To the side of producing movies, Proxima Media, LLC is credited with being an innovator.  What is innovative, is first of its kind business deals.  For example, Proxima Media, LLC is recognized for developing the business deal, which ultimately, created the Marvel Cinematic Universe.  Recently; Triller or Triller.co announced that, it is very familiar with Proxima Media’s, first of its kind business deals.  Specifically, the aforementioned business revealed that, Proxima Media, LLC is a new investor.  Additionally, as a new investor Proxima Media, LLC brought onboard additional investors.  Overall and as part of the investment process; Bobby Sarnevesht and Mahi de Silva, will be taking over Triller.co leadership titles. 
            The Triller.co leadership titles that will be taken over by, Bobby Sarnevesht and Mahi de Silva, are the following.  Bobby Sarnevesht will be Triller’s Executive Chairman.  Meanwhile, Mahi de Silva will be Triller’s Chairman.  Bobby Sarnevesht is a Partner at Proxima Media, LLC.  Through a press statement, Mr. Sarnevesht said the following.  “Triller has grown at an incredible rate in a competitive market, and has fundamentally expanded opportunities for content creators to reach new audiences.  Now, with the added support of Proxima Media's access to well known professionally generated content and IP, we are confident Triller will become the go-to platform for music social sharing.”  Mahi de Silva is an investor.  Additionally, he was brought onboard, by Proxima Media, LLC.  Through a press statement, Mr. de Silva said the following.  “Triller has created a vibrant community bringing together creators, artists, license holders, labels, and consumers, to foster and encourage large-scale consumption and monetization, for all involved parties, of music around the world, unlike competitors like TikTok.  As a U.S. company, Triller is laser-focused on the protection of our community from the prying eyes of nefarious parties or political agendas which has been a clear issue among our competitors.”   
            However and returning to; Proxima Media, LLC, the aforementioned has a second example, of how it innovated unique business deals.  The second example, is a first of its kind business deal with Netflix.  The end result, of this business deal, is recognized as the creative force behind Netflix’s S.V.O.D. business model.  The latter, propelled Netflix into the revenue level of billions of dollars.  As previously said, Ryan Kavanaugh is the founder of Proxima Media, LLC.  Additionally, awards have followed Mr. Kavanaugh in a step by step manner with, the achievements of Proxima Media, LLC.  For example, Ryan Kavanaugh has been recognized with the awards “Hollywood Producer of the Year,” and, “Showman of the Year.”  Interestingly, Ryan Kavanaugh is also recognized for being the Founder of Independent Sports & Entertainment.  The aforementioned business is an integrated sports, media, entertainment and management business.  Additionally, Independent Sports & Entertainment represents approximately 300 professional athletes in the NBA, NFL and MLB.  Furthermore, it is estimated that the value of the contracts of these approximated 300 professional athletes is, $2.5 billion USD. 
            Returning to, Proxima Media’s investment, the aforementioned is for an infusion of funds.  Primarily, the newly infused funds will be used, to continue the current business growth.  The current business growth aims at Triller.co becoming the premier destination for music sharing, video content creation and music artist discovery.  Additionally, it is exemplified in the following two ways.  First, the Triller app has been downloaded more than 60 million times.  Second, the Triller app has an average monthly use, of 13 million active users.  Technically and currently, Triller or Triller.co is an artificial intelligence music video app.  In other words, it creates professional looking video content.  For the music video part, it is the home to a large library of songs.  As a nice surprise, the license of these songs has already been paid for.  Therefore, a user can use any song, without the risk of violating the song’s copyright.
            To end, Triller or Triller.co did release a press statement.  Mike Lu is the Chief Executive Officer of Triller.  Through a press statement, Mr. Lu said the following.  “Triller prioritizes creators, allowing them to showcase their work and connect with their audiences through the universal language of music.  This funding round reflects broad support from savvy, successful investors that appreciate our relentless focus on artist discovery and continuous expansion of Triller’s groundbreaking AI technology.  Proxima Media’s team and expertise give us access to unparalleled content and IP.”  Mike Lu also said.  “Though we recognize that we compete with TikTok for social video distribution, our biggest differentiator is that we’re committed to working hand-in-hand with the labels, artists, and creators to promote their work, music, and content and making it shareable across virtually all social media platforms.  This latest round of financing, and the partnerships we’ve formed with our strategic investors, will enhance our ability to out-perform competitors and support Triller’s continued expansion in the US and across the globe.”  As previously stated; Triller or Triller.co recently announced that, it is very familiar with Proxima Media’s, first of its kind business deals.  Specifically, the aforementioned business revealed that, Proxima Media, LLC is a new investor.  Additionally, as a new investor Proxima Media, LLC brought onboard additional investors.  Overall and as part of the investment process; Bobby Sarnevesht and Mahi de Silva, will be taking over Triller.co leadership titles.  Bobby Sarnevesht will be Triller’s Executive Chairman.  Meanwhile, Mahi de Silva will be Triller’s Chairman.  Lastly, the monetary value of the investment, was not made public. 

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Written from Press Release
Registered Writer with
PR Newswire Association, LLC
R-Berumen28
10/26/2019

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