Triller acquired Swizz Beatz and Timbaland’s Verzuz in 2021. | Photo by Paras Griffin / Getty Images for Revolt
Timbaland and Swizz Beatz are suing Triller after the short-form video platform allegedly failed to make a $28 million payment for the acquisition of their live music face-off series, Verzuz.
The music-producing pair claim Triller hasn’t followed through on any of its required payments since January. According to the lawsuit, which was filed in a Los Angeles County Superior Court on Tuesday, Triller allegedly failed to pay Timbaland and Swizz Beatz in January and later agreed to a settlement that would require it to pay $18 million in March and $1 million every month for the next 10 months. But those payments supposedly haven’t come through either.
Web Source: The Verge – All Posts