- Austin McBroom’s influence boxing event took place on June 12.
- Some fighters and investors say they haven’t been paid.
- Here is a summary of all the lawsuits so far.
YouTuber Austin McBroom faces legal pressure from several angles a month and a half after his influential boxing event “Social Gloves: Battle of the Platforms”.
Six YouTubers, including McBroom, and six TikTokers met in the ring on June 12 in hopes of raising millions – financial expectations set by the success of other boxing events featuring influencers such as Logan Paul vs. Floyd Mayweather.
But the event didn’t produce the number of pay-per-view purchases McBroom, known for YouTube vlogging channel ACE Family, had expected. In the end, the event only sold 136,000 subscriptions for packages starting at $ 49.99 and going up to $ 89.99. The total profits from the event ended up falling well below the production team’s target of $ 200-500 million.
Some of the candidates said they have yet to receive the amounts promised and may not have been paid until a legal battle is over.
Here are the lawsuits and legal threats McBroom may face in connection with the game.
McBroom is being sued by the media company he has partnered with
Media company LiveXLive is suing McBroom and his company, Simply Greatest Productions (SGP), seeking $ 100 million in damages. Lead attorney representing LiveXLive, Jeffrey Katz, told Insider that the money earned from the event would not cover the expenses and contracts incurred by McBroom and that the entire event was built on “a stack of lies “.
Katz said McBroom refused to take the advice of LiveXLive’s marketing executives, which is why the multibillion supposed social media impressions didn’t translate into enough pay-per-views.
Read more: Austin McBroom’s attorney said there was no way they were seeing the benefits of the influence boxing match that some fighters say left them unpaid
He claimed that although LiveXLive withholds part of the proceeds from the event, it is significantly less than what is needed to pay all competitors what they have been promised. It wasn’t until the final numbers arrived that SGP attempted to turn the tale around, Katz said, accusing LiveXLive of “lying, cheating and hijacking sales.”
LiveXLive will hold the funds until SGP drops a rival lawsuit against them, which they say is hurting their actions.
Meanwhile, SGP’s lawsuit alleges breach of contract and fraud. He accuses LiveXLive of going over budget by millions of dollars, with the promise that endorsements and sponsorship deals would generate a bigger profit.
SGP and McBroom also blame their former business partner Paul Cazers, who they say has exaggerated his experience in the entertainment industry, according to the lawsuit.
Tayler Holder and Nate Wyatt sue McBroom for underpayment
TikTokers Tayler Holder and Nate Wyatt filed a lawsuit Aug. 2 against McBroom and SGP, claiming they only received a fraction of the money they were promised.
The record indicates that McBroom promised the event would bring in $ 500 million in profit, with Holder due to receive $ 2 million and Wyatt to receive $ 500,000.
The lawsuit also claims that McBroom offered a “first priority” position to more fighters than he could afford. McBroom himself was one of the headliners of the event.
James Harden reportedly said he was waiting for his money
Brooklyn Nets star James Harden and rapper Lil Baby both invested millions in the event, according to Holder and Wyatt’s lawsuit, as reported by Billboard.
Harden sent McBroom legal letters saying he owed him around $ 2.4 million, according to a report from Page Six.
Bryce Hall hinted his conversation was not over with McBroom
TikToker Bryce Hall, who headlined the event with McBroom, said he was set to earn $ 5 million from the fight, as well as 4% of pay-per-view profits.
âLegally, we’re talking to them,â Hall said in an interview with paparazzi influencer The Hollywood Fix in July when asked if he would be paid at all. “I’m sure it will all be released very soon.”
Read more stories from Insider’s Digital Culture team.