Triller Verzuz Timbaland and Swizz Beatz is settled
completemusicupdate.comTimbaland and Swizz Beatz have settled their legal dispute with Triller, which means the TikTok rival has got rid of one of the three lawsuits filed against it in the last month.This particular dispute related to the 2021 acquisition by Triller of Verzuz, the livestreamed DJ battle series launched by Timbaland and Swizz Beatz at the start of the COVID lockdowns in spring 2020.
The producers claimed that they were still owed money from that deal, $28 million in fact, and that the Triller company had failed to stick to a revised payment schedule agreed earlier this year.After Timbaland and Swizz Beatz sued Triller for their money, the digital firm insisted that the additional payments were conditional on certain obligations being met by the duo which had not yet been met.
The Triller company said in a statement: “We don’t believe they have met the thresholds for that payment yet, but [we] have been trying to resolve it amicably”.And, it seems, those attempts at reaching an amicable agreement have proven successful.
Timbaland and Swizz Beatz have said in a new statement: “Verzuz has always been a platform that is by the artists, for the artists, and with the people.
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