In case y’all hadn’t heard…Swizz Beatz and Timbaland created the now-popular music battle show, “Verzuz,” where everyone from Stephanie Mills vs. Chaka Kahn; to Three Six Mafia verses Bone Thugs N’ Harmony have embarked in mostly friendly music battles against each other.
In case you also hadn’t heard, in January 2021 Swizz and Timb’ sold “Verzuz” to streaming service, Triller — which has greatly benefitted from their show. That’s where the problem comes in.
Why Swizz Beatz And Timbaland Are Suing Triller Over “Verzuz”
The two mega-producers have just hit Triller with a $28 million dollar lawsuit. Their lawsuit claims Triller is trying to stick Swizz and Timbaland for their paper.
It’s being reported that after signing an agreement to sell Verzuz to Triller, the streaming service defaulted on the deal after just two payments:
Via TMZ: Swizz and Timbaland say they settled with Triller after the initial default, but they say Triller played the same game as before … making one installment and then not paying up the remaining balance.
As a result of the alleged defaulted payments, Timbaland and Swizz Beatz are not only suing for $28 million, but also for interest.
Triller Responds To Lawsuit Claims
Now that Triller has been publicly put on blast, the company has released a statement with their take on the money they owe Timb’ and Swizz…and to be honest…so far, Triller’s side of the story sounds a tad suspect in my humble opinion:
Via TMZ: A rep for Triller just released a statement, saying, “This is not a feud over VERZUZ, but simply about earn-out payments to Swizz and Tim. Swizz and Tim have personally been paid by Triller over $50 million in cash and stock to-date, and they stand to benefit even more over time. In addition, they have annual obligations, which if met, and no breach has occurred, entitles them to additional payments. …
Only one payment of $10 million is in question. We do not believe they have met the thresholds for that payment yet, which include, but are not limited to, delivery of a set number of VERZUZ events for 2022. We have been trying to resolve this amicably and this does not affect VERZUZ operations or Triller’s ownership of VERZUZ. If this does proceed in court, we look forward to a judgment that weighs all the facts.”
Hopefully, Timbaland and Swizz Beatz get whatever amount of profits they rightfully deserve for creating one of the most popular music battles of today’s time…one that clearly helped Triller come up big time…just sayin.’ 🤷🏾♂️
