Jem Aswad Senior Music EditorVerzuz, the popular livestream music platform created by Swizz Beatz and Timbaland, has been acquired by Triller Network, the parent company of the app.
The agreement marks the end of Verzuz’s relationship with Apple Music.According to the terms of the agreement, the pair will join the Triller management team and become large shareholders in Triller Network.
They have also allocated part of their equity stake to the 43 performers who’ve appeared on Verzuz to date.to help oversee music and other company strategies.Financial details of the transaction weren’t disclosed.
The news was first reported by Billboard.Performers coming aboard as shareholders and partners include John Legend, DMX, Alicia Keys, 2 Chainz,.
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