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Triller Responds To $28M Verzuz Lawsuit: Swizz And Tim Have Been Personally Paid Over $50 Million In Cash

August 18, 2022 by newhiphopnews

Less than a day following the news that Swizz Beatz and Timbaland were suing Triller to the tune of $28 million for breach of contract concerning the Verzuz platform, the company has responded with a statement, saying that not only have Swizz Beatz and Timbaland already been paid an overwhelming amount, but also the two super producers have not yet met the additional requirements to receive the remaining balance.

TMZ first reported that the TikTok rival was firing back at Swizz and TIm, saying that their agreement with Triller is far different than how it is being presented to the public. “This is not a feud over Verzuz, but simply about earn-out payments to Swizz and Tim,” said Triller’s official statement. “Swizz and Tim have personally been paid by Triller over $50 million in cash and stock to-date, and they stand to benefit even more over time. In addition, they have annual obligations, which if met, and no breach has occurred, entitles them to additional payments.”

Triller continued with claims that Swizz and Timbaland have not met the terms of their initial agreement:

“Only one payment of $10 million is in question. We do not believe they have met the thresholds for that payment yet, which include, but are not limited to, delivery of a set number of Verzuz events for 2022. We have been trying to resolve this amicably and this does not affect Verzuz operations or Triller’s ownership of Verzuz. If this does proceed in court, we look forward to a judgment that weighs all the facts.”

Swizz Beatz and Timbaland’s lawsuit reads “To date, Defendants have failed and refused to make any payment to [Swizz Beatz and Timbaland] of the past due sums due and owing.”

To the dismay of many fans, Verzuz was sold to Triller in January 2021.

The post Triller Responds To $28M Verzuz Lawsuit: Swizz And Tim Have Been Personally Paid Over $50 Million In Cash appeared first on The Source.

Chicago PD Pin Third Murder Victim On King Von

August 18, 2022 by newhiphopnews

According to several confirmed reports, the Chicago Police Department have now added a third person to the list of murder victims who allegedly died at the hands of slain Chicago rapper Dayvon “King Von” Bennett.

Reports have confirmed that Von and his cohorts had beef with a local gang known as STL(abbreviated for St. Lawrence), to which Modell McCambry was connected and it is reported that Von fired the fatal shot that killed McCambry back in 2012. There have been several different accounts from eyewitnesses about who killed McCambry, but the Chicago Police Department have attributed his murder to King Von instead of the other suspect in the killing, T-Roy.

King Von and T. Roy were best friends and have both been murdered since the 2012 shooting. This case marks the second murder that’s been attributed to King Von’s name since his untimely death in November 2020.

The post Chicago PD Pin Third Murder Victim On King Von appeared first on The Source.

Buying Back The Culture – How The Black Promoters Collective Is Changing The Face Of Live Music

August 17, 2022 by newhiphopnews

It started, as so many stories do today, with a phone call about COVID-19. The devastating effect of the virus was being felt by the music industry. Touring was impossible, and this hit Black and independent promoters with a devastating impact. But it was from these conversations that the Black Promoters Collective was born.

With the murder of George Floyd, and the emergence of the Black Lives Matter movement, the BPC recognized the importance of pooling together resources and knowledge to drive change in the music industry. A step that became not just necessary, but essential.

The BPC felt that the shared experience of Black musicians and promoters, their successes and their voices, could no longer be ignored by a biased industry. Troy Brown, Chief Marketing Officer of the BPC said “It’s time for us, as the culture, to buy back the culture. We need to go to these artists and say, ‘Here’s what we can do for you that some of these other big corporate entities can’t.’”

Now, just a little over two years later, the BPC grossed $60 million in their first quarter by putting on some impressive tours. The Collective headed up a 30-city tour for New Edition, called The Culture Tour featuring Charlie Wilson and Jodeci.

Another tour for Maxwell would feature Anthony Hamilton and Joe across 25 cities. Closing up an astounding quarter with a six-day tour featuring the legendary Patti LaBelle.

Off the back of this success, BPC is now promoting a 23-city tour for Mary J. Blige, the Good Morning Gorgeous arena tour. The tour will feature support from Ella Mai and Queen Naija.

The BPC is clearly starting to claim its share of the market. Working collectively, they sought to buy tours. Their collective work and expertise allow them to bid for entire tours, rather than smaller single dates or venues.

Their combined market weight, bringing together expertise from members from Detroit; Atlanta; Houston; Raleigh, N.C.; New York/New Jersey, Oakland and California, allows them to compete on a level playing field with giants like AEG and Live Nation.

History doesn’t repeat, but it does rhyme. This is not the first time that Black promoters have joined forces to confront the deep systemic white bias of the live music industry.

In 1998, a $700 million lawsuit was filed against multiple promoters and booking agencies by a group calling themselves The Black Promoters Agency. The lawsuit claimed antitrust and civil rights violations, but would be lost in 2005.

By contrast, the BPC continues to make inroads into the live music industry. With a mindset that firmly believes in reclaiming and buying back culture that was theirs in the first place, the BPC uses their Collective economics and business knowledge to their advantage.

The BPC has a mission of inclusion, and they mean it. They seek to work across multiple genres with a range of artists. Sticking to their mission, the BPC has managed to bring an increasing number of Black-owned businesses, as well as people of color, into the live music industry. And not just artists, but everyone from the caterers to the vendor partners. An action that, according to BPC’s Troy Brown, “Doesn’t happen in other, bigger corporate outfits.”

The BPC is making huge strides towards achieving their mission. By making the industry more inclusive, the BPC ensures a world that respects the work of Black promoters and provides artists and fans with options that are not just Live Nation and AEG.

By. Marty Most

The post Buying Back The Culture – How The Black Promoters Collective Is Changing The Face Of Live Music appeared first on The Source.

T.I. Accused Of Punching Chainsmokers Member For Kissing Him On The Cheek

August 17, 2022 by newhiphopnews

A recent video posted by EDM duo The Chainsmokers on their TikTok shows ATL legend T.I. punching one ofthe group members in the face for kissing him on the cheek.

On Tuesday, Andrew “Drew” Taggart and Alexander “Alex” Pall posted their recent meet with T.I. on TikTok entitled “When meeting T.I. goes wrong”, showing a pic of Taggart with Tip before the video shows the two in the back of a car.

Taggart says that he kissed T.I. because he was “feeling the vibes way too hard.” “T.I. just literally punched me in the face,” he says as Pall laughs in the background. “We’re in a vibe and I, like, gave him a kiss on the cheek — it was totally my fault.”

He continued, “And he was like, ‘Don’t do that.’ And I was like, ‘OK.’ He pushed me off and I was like, ‘Alright, my bad’ … And he was like, ‘Alright cool, we’re good.’ It was the weirdest interaction ever. First of all, T.I. is fully in the right here. I was feeling the vibes way too hard and I kissed T.I. on the cheek. And he punched me in the face for it! It’s fully fine.”

T.I. has yet to respond to the video.

The post T.I. Accused Of Punching Chainsmokers Member For Kissing Him On The Cheek appeared first on The Source.

Promoter Files $150K Lawsuit Against Young Thug Over Canceled Show Due To His Incarceration

August 17, 2022 by newhiphopnews

According to a report from HotNewHipHop, a promotion company has filed a lawsuit against Young Thug while he is being held in Fulton County Jail for not returning a $150K deposit for a 45-minute stage performance that would ultimately cost $300K.

Back in January, A-1 Concert Entertainment contracted Young Thug, giving him the $150K up front and the remainder of the deposit and the end of his performance. A-! sought a refund after Thugger was arrested on RICO charges, contacting YSL Touring for their monetary return, but they were never refunded. Thug is now being sued for breach of contract.

Brian Steel, Young Thug’s attorney, says that the lawsuit taints the jury pool, saying, “Whoever is placing items of discovery online is not doing anybody a favor. It is totally inappropriate to try this case on social media. This case will be tried fairly and justly in Fulton County Superior Court.”

Thug also faces more legal woes, with the Fulton County D.A. claiming that YSL supporters are threatening a witness and their family in the RICO case against Thug and 27 other YSL members. District Attorney Fani Willis uncovered a document circulating on social media that is part of the witness’ statement. The witness contends that his life and that of his children are now in danger.

Thug is set for trial for January 9, 2023.

The post Promoter Files $150K Lawsuit Against Young Thug Over Canceled Show Due To His Incarceration appeared first on The Source.

Swizz Beatz And Timbaland Sue Triller For $28M In Verzuz Lawsuit

August 17, 2022 by newhiphopnews

After creating an unprecedented platform for established artists and their fans during the pandemic, Swizz Beatz and TImbaland are suing Triller for their intellectual property to the tune of eight figures.

The two super producers claim that they were never paid by Triller, the now world famous video-sharing social networking service, for their Verzuz concept that Triller now owns. According to the lawsuit obtained by TMZ, Swizz and Timbaland sold Verzuz to Triller back in January 2021, but Triller defaulted on the deal after making just two payments.

The two producers claim that they settled with Triller after the first default payment, but the company once again made an installment payment and didn’t pay the remaining balance.

Swizz and Timbaland are now seeking $28 million dollars in damages from Triller plus interest. Triller has yet to respond to the lawsuit.

The post Swizz Beatz And Timbaland Sue Triller For $28M In Verzuz Lawsuit appeared first on The Source.

Today In Hip Hop History: Mobb Deep Dropped Their Fourth LP ‘Murda Muzik’ 23 Years Ago

August 17, 2022 by newhiphopnews

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On this day in 1999, Mobb Deep released their fourth LP, Murda Muzik. Coming after a three-year pause and numerous release date push-backs, Murda Muzik did everything but disappoint. Peaking at #3 on the Billboard 200 chart and shipping 1,000,000 copies in the year of its release prove that commercially this album was a success. The album also earned the #6 spot on the Canadian album charts.

Aside from its monetary success, the album was a hit. During a time in rap where Diddy and Master P were calling the shots, a project of this caliber came with much surprise and admiration. Havoc and Prodigy‘s stark realism and imagery depicting the darker side of the streets brought a necessary contrast to a game flooded with gold watch/diamond chain rap. Havoc’s style of production, although the majority unchanged from his previous work, was also a shift away from the norm of the ’99 to the 2000. This album has most definitely earned its respect and acclaim.

Rest in Peace to Prodigy and salute to Hav and the rest of the Mobb for this piece of Hip Hop history!

The post Today In Hip Hop History: Mobb Deep Dropped Their Fourth LP ‘Murda Muzik’ 23 Years Ago appeared first on The Source.

Vic Mensa Starts The First Black-Owned Cannabis Company in Illinois

August 16, 2022 by newhiphopnews

Just two years following the legalization of marijuana in the state of Illinois, Chicago slang spitter Vic Mensa has launched 93 Boyz, the state’s very first Black-owned cannabis firm.

With Mensa consistently seeking opportunities to imrpove his community through education and employment as well as combat gang violence, his new company has already embarked on several initiatives to better the community, such as providing prisoners with more resources and updated reading materials.

“Selling weed was my first hustle. It taught me work ethic, entrepreneurship, and funded all of my first music projects,” Mensa said. “As someone with a lifelong experience of anxiety and depression, it’s amazing to be able to help people facing those and other issues while working with something I love. The war on drugs has had a devastating impact on my community, and yet our representation in the cannabis industry is less than 2%. 93BOYZ is changing that narrative while combining high quality, tastemaker weed with socially conscious initiatives.”

The post Vic Mensa Starts The First Black-Owned Cannabis Company in Illinois appeared first on The Source.

Eminem’s Daughter Hailie Responds To The Game’s “The Black Slim Shady” Diss

August 16, 2022 by newhiphopnews

Compton mainstay The Game recently released his new LP Drillmatic, which is complete with a ten-minute diss track aimed at Eminem titled “The Black Slim Shady”, where The Game disses Em, Dre, 50 and calls out Mr. Mathers for “pretending to be the white Royce Da 5’9”.”

Now, Em’s daughter Hailie, who was also mentioned on The Game’s diss, has felt a need to reply and took to social media to express how she feels about “The Black Slim Shady”.

Hailie tweeted, “If you have to make a song 10mins long about someone you ‘dislike,’ it’s giving obsessed.” She went on saying, “My dad is so legendary that people have to diss him in their songs just to attract an audience because they know they would flunk without the attention.”

The post Eminem’s Daughter Hailie Responds To The Game’s “The Black Slim Shady” Diss appeared first on The Source.