Swizz Beatz & Timbaland Resolve Dispute with Triller Over Verzuz Acquisition Payments

Swizz Beatz and Timbaland have settled their lawsuit with Triller concerning payments related to the acquisition of Verzuz by the social media platform.

The lawsuit was initiated by Swizz Beatz and Timbaland in August, following the sale of Verzuz to Triller a year and a half earlier. As part of the acquisition agreement, Triller was supposed to pay $18 million by March 2022 and an additional $1 million per month for 10 months. However, the duo claimed in their lawsuit that they did not receive the full payment, only receiving a few late payments. This discrepancy led them to take legal action to secure the funds owed from the acquisition.

Resolution Reached in Verzuz Acquisition Dispute Between Swizz Beatz, Timbaland, and Triller

In a joint statement released after the settlement, Swizz Beatz and Timbaland emphasized Verzuz’s commitment to artists and fans and expressed satisfaction with the amicable resolution of the issue.

Although the specifics of the settlement were not disclosed, both parties confirmed that artists associated with Verzuz would see an increase in ownership. Triller also issued a statement affirming its ongoing support for creators and downplaying the impact of the lawsuit.

Bobby Sarnevesht, the Executive Chairman and Co-Founder of Triller, reassured that Triller and Verzuz would remain supportive platforms for artists and their work, highlighting the collaborative nature of their relationship. The statement hinted at a positive future for the partnership as they look forward to potential developments in the public markets.

With the dispute now settled, fans can look forward to upcoming Verzuz events and new music collaborations between artists in the near future.

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