LiveXLive is accused of inducing Simply Greatness Productions “to fund a spare-no-cost, Gatsby-style spectacle with knowingly-false financial projections,” attorney James G. By missing the sales target and only generating $6.5 million in revenue, the Battle of the Platforms is facing an estimated $10 million revenue shortfall. In the lead up to the event, LiveXLive allegedly showed McBroom financial models which projected more than 1 million in PPV sales performances at $50 apiece, plus fees, and $5 million in projected sponsorship sales, generating as much as $62 million in total.

Inside Track: NBA's Harden Loses on Social Boxing Flop $uicideboy$'s Big $$$ Deal After hiring “a leading forensic auditor to probe LXL’s transactional level payment data” from its payment processors, McBroom and his attorneys “have accepted LiveXLive’s report that only 136,000 pay-per-view were sold - though continues to harbor concerns that the information that it has been permitted to audit did not reveal the full financial picture,” the complaint filed Thursday in Los Angeles County Superior Court reads.

TikTokers PPV bash - which included performances by DJ Khaled, Lil Baby and Migos - his team has backed away from their claim that the event’s paid numbers were being misrepresented by LiveXLive. While McBroom’s lawsuit is assigning most of the blame for the $10 million in losses linked to the YouTubers vs. Popular YouTuber Austin McBroom‘s company Simply Greatness Productions has filed a lawsuit against LiveXLive over the June 12 Battle of the Platforms boxing event, alleging that the broadcaster for the pay-per-view boxing event and concert in Miami “misrepresented costs, made unauthorized sponsorship agreements, unlawfully refused to hand over ticketing income” and attempted to persuade his company to “finance (an) over-the-top ‘proof of concept’ that LXL could then co-opt for its own competitive purposes.”

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