Timbaland and Swizz Beats Reach An Agreement With Triller Over Verzuz
Timbaland and Swizz Beatz’s battle against short-form music video app Triller has finally come to an end.
Earlier this year, the pair decided to sue Triller after alleging they refused to pay them $28 million after acquiring Verzuz, a rap-battle show they founded during the first peak of the pandemic.
According to reports, the pair claimed the company had refused to pay the settlement agreement after acquiring their Verzuz platform.
Despite Triller denying the claims, the platform has reached an “amicable agreement” with both partners to settle the matter.
“Verzuz has always been a platform that is by the artists, for the artists, and with the people,” Swizz Beatz and Timbaland shared in a statement.
“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.”
The settlement details have not yet been revealed, but the agreement promises to “increase the ownership stake given to the artists that Timbaland and Swizz Beatz brought to Triller as part of the original deal.”
The settlement with Swizz Beats and Timbaland marks a new era for Triller, who has faced lawsuits and issues with not paying creators over recent months.