The major label says Patrick Moxey, who still uses the name for his publishing venture, signed away his rights to the trademark after selling Ultra Records to Sony earlier this year.
His label didn't do it. A distributor owned by another major did.
Upbeat third-quarter results defied a mostly bleak earnings season for other sectors.
Kayibi will look for investments and deals in both Anglophone and Francophone Africa.
Following Sony's lawsuit, one label source says "millions" in unpaid royalties are the issue. Triller denies this, saying the app is "reassessing" label deals.
Moroney's "Tennessee Orange" is currently at No. 19 on Billboard's Hot Country Songs chart.
The venture is with the former managers of Israeli artist Dennis Lloyd, known for the single “Nevermind.”
