Timbaland and Swizz Beatz have settled their ‘Verzuz’ lawsuit with Triller
have settled their $28 million lawsuit against Triller for allegedly failing to pay money owed from the sale of their popular Verzuz livestream series.
“VERZUZ has always been a platform that is by the artists, for the artists and with the people,” said Swizz Beatz and Timbaland in a statement. “We’re glad to come to an amicable agreement with Triller and continue giving fans the music and community that they’ve come to know and love from the brand.
Performers who became shareholders and partners under the original deal included John Legend, DMX, Alicia Keys, Ashanti, 2 Chainz, Rick Ross, Too $hort, Patti LaBelle, Gucci Mane, Jeezy, E-40, Bounty Killer, D’Angelo, Ludacris, RZA, The Dream, Babyface, Nelly, Jagged Edge, Keyshia Cole, Fred Hammond, Jadakiss, Fabolous, Brandy, Monica, Gladys Knight, Boi-1da, Hit-Boy, Ne-Yo, Johnta Austin, Teddy Riley, Scott Storch, T-Pain, Lil Jon, DJ Premier, Mannie Fresh, Erykah Badu, Jill Scott, Beenie Man,...
On Aug. 16, Timbaland and Swizz Beatz filed a $28 million lawsuit, claiming Triller failed to pay them monies promised in the deal. At the time the lawsuit was filed, Triller claimed the two hitmakers had already been paid “over $50 million in cash and stock to-date” and that the company believed the pair had not yet met certain required thresholds for further payments. “VERZUZ and Triller will always be a safe place and outlet for creators and their art.
After launching in 2015, Triller rose to prominence in 2020 as a competitor to TikTok when the Trump administration said it was considering banning the popular social media service from the U.S. market over its ties to the Chinese government. Triller — whose investors include Snoop Dogg, The Weeknd and Marshmello — made aggressive moves to compete with TikTok by
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