Bobby Sarnevesht Latest Celebrity News & Gossip

Timbaland and Swizz Beatz have settled their legal dispute with Triller, which means the TikTok rival has got rid of one of the three lawsuits filed against it in the last month.This particular dispute related to the 2021 acquisition by Triller of Verzuz, the livestreamed DJ battle series launched by Timbaland and Swizz Beatz at the start of the COVID lockdowns in spring 2020. The producers claimed that they were still owed money from that deal, $28 million in fact, and that the Triller company had failed to stick to a revised payment schedule agreed earlier this year.After Timbaland and Swizz Beatz sued Triller for their money, the digital firm insisted that the additional payments were conditional on certain obligations being met by the duo which had not yet been met.

Chris Willman Senior Music Writer and Chief Music Critic Swizz Beatz and Timbaland have settled their lawsuit with Triller, after suing the service last month for $28 million, an amount they contended was owed after their sale of Verzuz to the service in March 2021. Specific terms of the settlement were not revealed in the late Thursday announcement, beyond a promise 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.” “Verzuz has always been a platform that is by the artists, for the artists and with the people,” Swizz Beatz and Timbaland said in a statement. “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.”