Swizz Beatz and Timbaland have settled their $28 million lawsuit with Triller, a month after alleging that the short-form video service missed payments following its purchase of the musicians’ livestreaming show Verzuz
“At the end of the day just like any Thanksgiving or family gathering, there are disagreements, but like any good family we all forgive each other in the end and come back stronger than ever,” Sarnevesht adds. “The Triller Verzuz family is as strong as they have ever been. We are glad we put this disagreement behind us and couldn’t be more excited for the next chapter.”
Swizz and Timbaland, whose real names are Kaseem Daoud Dean and Timothy Mosley, started Verzuz at the beginning of the pandemic in 2020 as a casual show during lockdown, but it grew quickly, morphing into a bespoke media company featuring the likes of Jeezy, Gucci Mane, Ludacris, Nelly, Alicia Keys, John Legend and many more major artists, drawing in millions of views and skyrocketing artists’ streams.
According to the announcement, as part of the settlement, the two producers are getting an unspecified increased ownership stake. As Sarnevesht’s statement alludes to, Triller is currently readying an IPO launch, which came after a previously planned SPAC merger with video and ad company SeaChange fell through. The IPO is expected sometime in the fourth financial quarter, The Wrap reported.
The settlement with Swizz and Timbaland is a reprieve for Triller, which is currently dealing with several other lawsuits, including one most recently fromclaiming that Triller owes the company millions in unpaid licensing fees for its music. Regarding the Sony suit, Triller said it was “surprised with this filing and believe it might be related to the Verzuz dispute. We are confident that these issues can be resolved quickly.
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