Recording impresarios Swizz Beatz and Timbaland are suing social media platform Triller, claiming they are owed more than $28 million after the TikTok-like outfit acquired the duo’s music enterpris…
Triller in 2021 said it was buying the Verzuz web series — which had become a breakout hit during the pandemic, pitting music artists against one another in live-streamed battles — for an undisclosed cash and equity sum., alleges Triller began missing payments in January this year. “To date, Defendants have failed and refused to make any payment to [Swizz Beatz and Timbaland] of the past due sums due and owing,” the suit reportedly reads.
According to Tuesday’s lawsuit, Triller was to make initial cash payments to Timbaland and Swizz Beatz in January 2021 and April 2021, which it did. However, when a further payment was due in January of this year, the producers say the company did not comply. A new payment plan was agreed, the suit reportedly says, and Triller made the first payment under the new pact in February. Triller was then required to pay another $18 million by March 17, plus $1 million more per month for another 10 months. The plaintiffs allege those payments have not been made.with Amazon Studios for a feature-length documentary Gifted & Black, inspired by Verzuz.
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Swizz Beatz, Timbaland sue Triller for $28 million in missing paymentsMusic artists Swizz Beatz and Timbaland sued Triller Tuesday, alleging the social media platform owes them more than $28 million after acquiring their live-streaming music series Verzuz.
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Swizz Beatz, Timbaland Sue Triller For $28 Million Over Verzuz DealTimbaland and Swizz Beats filed a $28 million dollar lawsuit against social media app Triller, alleging the company has missed numerous payments to the two producers since Triller acquired their rap battle show Verzuz last year.
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‘Verzuz’ Battle On: Timbaland, Swizz Beatz Sue Triller for $28MThe producers say Ryan Kavanaugh's aspiring TikTok rival defaulted on their original deal and a settlement and payment agreement.
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Timbaland & Swizz Beatz Sue Triller, Claiming $28M Never Paid From ‘Verzuz’ SaleThe TikTok rival bought the popular livestream show last year, but its founders now say Triller still owes them tens of millions.
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‘Verzuz’ Battle On: Timbaland, Swizz Beatz Sue Triller for $28MThe producers say Ryan Kavanaugh's aspiring TikTok rival defaulted on their original deal and a settlement and payment agreement.
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