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Timbaland, Swizz Beatz settle with Triller in $28M over ‘Verzuz’ payment

after selling their popular “Verzuz” series.The hit streaming rap-battle show, which was created by the two hip-hop producers in 2020, pits music artists against each other in the form of freestyle rap.Swizz Beatz, whose real name is Kasseem Dean, and Timbaland, real name Timothy Mosley, agreed to sell the series’ rights to Triller, a TikTok competitor, in January 2021.But after the sale deal, the pair alleged that the company, created in 2015 by financier Ryan Kavanaugh, defaulted on the deal after just two payments.Specific terms of the settlement did not immediately become clear.“Verzuz has always been a platform that is by the artists, for the artists and with the people,” Swizz Beatz and Timbaland said in a statement, according to Variety. “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.”After news of the lawsuit broke in August, Triller told The Post that the suit was “truly unfortunate” and had hoped to “resolve this amicably and quickly.”“We hope it is nothing more than a misunderstanding driven by lawyers,” the company said.
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Timbaland, Swizz Beatz sue Triller for $28M over ‘Verzuz’ payment beef
hit streaming rap-battle show, which was created by the two hip-hop producers in 2020, pits music artists against each other in the form of freestyle rap.Swizz Beatz, whose real name is Kasseem Dean, and Timbaland, real name Timothy Mosley, agreed to sell the series’ rights to Triller, a TikTok competitor, in January 2021, TMZ first reported.But now, the pair allege the company, created in 2015 by financier Ryan Kavanaugh, defaulted on the deal after just two payments, according to documents obtained by the outlet.It’s reported that a new payment plan was later agreed upon, however, Timbaland and Swizz Beatz claim they haven’t seen the money hit their accounts yet after it was due in January.The pair are seeking compensatory damages of $28 million, as well as $95,000 as interest, as well as attorneys’ fees, and costs.“Defendants have failed and refused to respond to plaintiffs’ written notice and demand for payment,” Swizz Beatz and Timbaland’s lawyers wrote in the complaint, according to Billboard. “To date, defendants have failed and refused to make any payment to Mosley and Dean of the past due sums due and owing, and defendants continue in default of their payment obligations.”Triller did not immediately respond to The Post’s request for comment — but Swizz Beatz and Timbaland’s legal reps claim in the suit: “The aforesaid defaults constitute material breaches of the agreement by defendants.
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