Photo: Minusbaby

Swizz Beatz + Timbaland Settle $28M Lawsuit

In a formal statement on Thursday (9.22,) Timbaland, Swizz Beatz, and a representative for Triller announced that they had settled their $28 million lawsuit.

In the legal action, the two superstar producer/songwriters claimed that they were owed money following the 2021 sale of their webcast series Verzuz to the social media company.

Though the specific terms of the settlement have yet to be disclosed, Timbaland (born Timothy Zachery Mosley) and Swizz (born Kasseem Daoud Dean) stated that “the settlement will increase the ownership stake given to the artists that Timbaland and Swizz Beatz brought to Triller as part of the original deal” adding “Verzuz has always been a platform that is by the artists, for the artists and with the people… 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.”

Following the settlement announcement, Triller executive chairman and co-founder Bobby Sarnevesht addressed the issue by saying “Verzuz and Triller will always be a safe place and outlet for creators and their art. Nothing will change that.” “Creators started this and will continue building it. This is a victorious moment in the Triller and Verzuz relationship as we march together toward the public markets. Stay tuned.”

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Author: Saul Goode

Photo: Minusbaby