'LIV Golf Faces Lawsuit Amid Uncertain Future Over Unpaid Broadcast Technology Fees'
Canadian Technology Firm Mobi Systems Group Files Lawsuit
Claims Over $1 Million for Unpaid Fees and Damages Due to Breach of Contract
LIV Golf has become embroiled in a lawsuit as it failed to pay licensing fees for broadcast technology.
On July 21 (Korean Standard Time), U.S. media outlet ESPN reported, "Canadian technology company Mobi Systems Group has not received payment for broadcast technology licensing fees" and that "it has filed a lawsuit in the U.S. District Court for the Southern District of Florida, Miami."
Mobi Systems Group is reportedly claiming more than $1 million (approximately 1.48 billion won) from LIV Golf, which includes unpaid fees and damages due to breach of contract.
Citing the complaint, the outlet stated, "LIV Golf did not pay the licensing fees for Mobi Systems Group’s broadcast technology, 'Any Shot, Any Time,' for this season and unilaterally terminated the contract." 'Any Shot, Any Time' is an interactive video service that allows viewers to watch every shot by every player at any given moment during the tournament, and it was used in LIV Golf’s broadcasts.
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LIV Golf is struggling with a liquidity crisis. The Public Investment Fund (PIF) of Saudi Arabia suspended its financial support, causing a liquidity crunch and resulting in LIV Golf’s inability to pay Mobi Systems Group the technology licensing fees. In May, LIV Golf notified Mobi Systems Group that it would not use the technology for the remaining tournaments this season and unilaterally terminated the contract. The future of LIV Golf became uncertain when PIF—which had invested more than $5 billion (about 7.4 trillion won) over the past four years—announced in April that it would stop providing financial support.
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