Swizz Beatz and Timbaland Sue Triller
Swizz Beatz and Timbaland are suing Triller over a Verzuz dispute. And the amount they say they are owed is a whopping $28 million dollars.
Swizz Beatz and Timbaland Sue Triller For $28 Million Dollars
Swizz Beatz and Timbaland, founders of the ever-popular Verzuz music battles, are suing Triller to the tune of $28 million dollars.
Just days after the COVID pandemic shut down the nation, Timbaland and Swizz launched Verzuz in March 2020.
Showcasing virtual battles between top artists was, and still is, a massive success.
Drawing millions of views across multiple platforms, they kicked off the inaugural show.
Since then, fans have seen Brandy and Monica face-off, as well as DMX and Snoop Dogg, Alicia Keys and John Legend, and T-Pain and Lil Jon.
And that’s just a few of the many pairings.
Even Patti Labelle and Gladys Knight went head to head!
Some folks don’t even realize that the two sold the live streaming show to Tik Tok rival, Triller 18 months ago.
Now the duo is taking it to court to recoup money that allegedly they were not paid.
Apparently, the social media platform has failed to pay Swizz (real name Kasseem Daoud Dean) and Tim (Timothy Mosley) all the money they are due.
In the original deal, Triller was to pay in cash and equity.
However, according to a lawsuit filed in Los Angeles Superior Court, that did not happen.
While some payments were made in January and April of 2021, another payment due in January 2022 was missed.
To avert a dispute, the two sides reached a settlement and entered into a new payment plan.
Triller made the first payment under the new agreement in February.
But then the next payment of $18 million dollars was due by March 17th.
Additionally, another $1 million dollars is to be paid each month for another 10 months.
Allegedly, those payments are not being made.
In fact, they are claiming they are due a whopping $28 million dollars more.
So What Do The Two Sides Have To Say About All This?
In a statement, the lawyers for the founders of Verzuz made this statement –
“The aforesaid defaults constitute material breaches of the agreement by defendants. By reason of defendants’ continuing uncured defaults, the sum of $28,095,000.00 is immediately due to be paid under the agreement.”
But Triller is calling the lawsuit “truly unfortunate” and hopes it is “nothing more than a misunderstanding driven by lawyers.”
In a statement, Triller further says –
“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.”
This is not the first incidence where Triller is accused of not paying their bills.
In fact, according to a report in the Washington Post, Triller is accused of having a spotty history of paying Black influencers recruited to join the platform.
Those allegations are strongly denied by the social media platform.
What do you think about this pending lawsuit?
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