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Investors expected the boxing extravaganza to reel in $200 to $500 million in profit, Insider reported. Held on June 12, 'Social Gloves: Battle of the Platforms' pitted TikTokers like Bryce Hall and Vinnie Hacker against YouTubers such as Tanner Fox and Austin himself. He and one of his companies, Simply Greatest Productions (SGP), were sued by the media company LiveXLive after they said their celebrity boxing event went awry. Influencers Bryce Hall and Austin McBroom fight at Miami's Hard Rock Stadium during LiveXLiveвЂ™s 'Social Gloves: Battle Of The Platforms' on June 12, 2021.Д¬liff Hawkins/Getty Images for LivexLive.Д¬atherine's husband, Austin, has also faced litigation. TBL accused Catherine in a court filing ofВ threatening to unilaterally dissolve 1212 Gateway in April after she allegedly changed the passwords to all of 1212 Gateway's accounts (email, website, social media, Shopify) in March.Д¬atherine denied all the allegationsВ in a court filing she submitted in July, Insider reported.

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The family's legal trouble dates back to at least April when the cosmetics start-up TBL Cosmetics filed a lawsuit against Catherine who, according to TBL Cosmetics, had signed a contract with the company to jointly found 1212 Gateway, a 'premium skin care line' with ethically sourced ingredients, Insider reported.ДЄccording to TBLs complaint, Catherine was supposed to be the face of the company and promote it on social media while TBL would perform managerial operations and other behind-the-scenes work, but TBL alleged the YouTuber 'conspired with her family, friends, and other under-utilized members or idle of her entourage to stage a takeover of 1212 Gateway's management,' or effectively enact a 'coup' against TBL. Now, the family could be evicted from their home if the beneficiary, a private mortgage lending company called 5 Arch Funding Corporation, files an eviction lawsuit against the McBrooms.ДЄhead of the foreclosure news, the family has spent the last year mired in other financial and legal issues. Most of the action in the family's videos takes place in their house, a glamorous $10.1 mansion in Los Angeles that they moved into in 2019.Д«ut on Tuesday, ownership of the ACE Family's house was transferred to a beneficiary after no one bid on the property at a public foreclosure auction, which came months after the family received a notice of default, as Insider previously reported. Individually, Austin and Catherine McBroom are successful social media influencers, with 6.5 and 7.5 million Instagram followers, respectively. Launched in 2016, the channel revolves around the lives and antics of parents Austin and Catherine McBroom and their three young children.

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Are you an aspiring entrepreneur? Check out my new book: Strictly Business: How to Crush it as a Young Entrepreneur.The ACE Family is a vlog-style YouTube account with over 19 million subscribers. вЂњSocial Gloves: Battle of the Platforms,вЂќ is set to start at 7:00pm EST and continue on throughout the night with numerous matches along with live musical performances from DJ Khaled, Lil Baby, Migos and more of todayвЂ™s top music artists.Д¬onnect with me on Twitter, InstagramВ and LinkedIn. ( Cybertino is the exclusive NFT partner of this event ) What time does the event start? For $49.99 you receive access to the PPV live stream along with an exclusive Social Gloves: Battle of the Platforms NFT. The historic pay-per-view event will be available on LiveXLiveвЂ™s website. вЂњSocial Gloves: Battle of the PlatformsвЂќ will be produced and distributed by LiveXLive Media, who describes the event as вЂњa one of a kind, unprecedented live PPV entertainment mega event that will include a Gatsby-esque over-the-top production boxing competition pitting the worldвЂ™s largest social media stars from YouTube against the new icons from the explosive TikTok platform.вЂќ How can I purchase the pay-per-view? Bryce Hall vs Austin McBroom (Main event).The event features the biggest names in social media including: You donвЂ™t want to miss thisвЂ¦ ItвЂ™s going down today, meet вЂњSocial Gloves: Battle of the Platforms,вЂќ an internet boxing and entertainment event live in Miami and via pay-per-view worldwide.