After Suing Triller For $28M, Swizz Beatz And Timbaland Have Reached A Settlement Agreement Over The Verzuz Acquisition
As previously reported by AfroTech, the music producers sued Triller for $28 million for breach of contract. In their lawsuit, the two claimed that the company failed and refused to pay their past dues after its acquisition of their Verzuz music battles. At the time of the filing, Triller claimed to have paid Swizz Beatz and Timbaland and was seeking a resolution.
“This is truly unfortunate, and we hope it is nothing more than a misunderstanding driven by lawyers,” Triller said in a statement to Rolling Stone, at the time. “We do not wish to air our dirty laundry in the press, but we have paid Swizz and Tim millions in cash and in stock. No one has benefited as much from Triller to date. Triller has helped fuel Verzuz to new heights — making it the global cultural phenomenon it is today. We hope to resolve this amicably and quickly, and truly hope it’s just a misunderstanding. If we are forced to defend it, we are more than optimistic the truth and facts are on our side.”