After filing a $28 million lawsuit against Triller for allegedly missing payments for their Verzuz series, Timbaland and Swizz Beatz have settled with the video service.
“Verzuz has always been a platform that is by the artists, for the artists and with the people,” the Grammy award winning producers said in a statement, according to Rolling Stone. “We’re glad to come to an amicable agreement with Triller and continue giving fans the music and community that they’ve come to know and love from the brand.”
Swizz told Rolling Stone he was ready for a battle with Triller.
“Was I ready to go to war? Yes. Am I used to it? I’m from the South Bronx. But I had to take my emotions out of it,” he says. “There were too many creatives for me to lock this whole thing in the lawyers’ box.”
When asked if Verzuz will return, Swizz added, “Yeah, harder than we ever went.”
Following the settlement, Triller Executive Chairman Bobby Sarnevesht said in a statement, “This is a victorious moment in the Triller and Verzuz relationship as we march together toward the public markets.”
“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,” he added. “We are glad we put this disagreement behind us and couldn’t be more excited for the next chapter.”
As the pandemic temporarily stopped concerts, Beatz and Timbaland launched Verzuz in 2020 as an online alternative for hip-hop and R&B performances.
Triller bought Verzuz in 2021 for an undisclosed amount. As part of the settlement, Swizz and Timbaland are receiving an unspecified increased ownership stake in the company.
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