Timbaland and Swizz Beatz Sue Triller for $28 Million in Missed Verzuz Payments
Justin Curto
1 min read
Musicians Timbaland and Swizz Beatz are suing video platform Triller for $28 million over missed payments for their music battle series, Verzuz, which they sold to the company last year.
Timbaland and Swizz Beatz Sue Triller for $28 Million in Missed Verzuz Payments
Timbaland and Swizz Beatz claim they haven’t been seeing the money from Triller after last year’s massive Verzuz sale. The musicians and entrepreneurs are suing the video platform for breach of contract, saying Triller owes them $28 million in missed payments on the music battle series after the company bought Verzuz in January 2021. Per a filing obtained by Vulture, Triller made payments in January and April 2021, but did not make the next required $18 million payment in January 2022. After changing their payment agreement, Triller made one payment in February, then continued to fail to make payments (set for $1 million each month, on top of the $18 million). Their new agreement allowed Timbaland and Swizz to accelerate remaining payments if Triller missed a payment, so they are suing for the full amount Triller owes, $28 million.
The Verzuz sale was notable for Timbaland and Swizz Beatz giving shares of their equity to all past Verzuz participants. Meanwhile, Timbaland and Swizz aren’t the only ones missing Triller payments — the platform also reportedly owes money to boxers and Black content creators. The most recent Verzuz aired on July 17, a face-off between reggaeton producers Luny Tunes and DJ Nelson.
Related
- Verzuz Sold to Triller; Timbaland and Swizz Beatz Now Shareholders
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