Timbaland and Swizz Beatz are much happier this week after settling a $28 million lawsuit they filed against the streaming platform Triller. In the lawsuit the producers claims Triller missed several payments in their multi-million dollar deal to purchase the livestreaming show Verzuz.
Verzuz was created in 2020 during the height of the Covid-19 pandemic, the show gave legendary musicians the opportunity to display their classic musical works against an opponent of same genre and era, as fans watched in enjoyment. Originally broadcasted free on Instagram, the show developed into a massive success garnishing millions of views during the live airing of their shows. This led to Swizz Beatz and Timbaland further monetizing the brand by partnering with several sponsors; along with the streaming platform Triller to distribute future episodes. Eventually Triller moved forward and purchased the Verzuz show from the producers in a multi-million dollar deal.
Since then Triller made a few monthly payments agreed upon in the deal; before abruptly defaulting on paying the producers for multiple months allegedly. Timbaland and Swizz filed a joint $28 million lawsuit demanding the platform honor their deal and fully pay up.
Timbaland and Swizz Beatz can now celebrate as its been reported both have successfully settled their lawsuit again Triller. They directly spoke out to the Rolling Stone confirming the lawsuit was settled.
In a joint statement they said:
“Verzuz has always been a platform that is by the artists and with the people,” Swizz Betz and Timberland stated. “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.
Source: Rolling Stone