Diddy and Jermaine Dupri Agree to Do a Battle: ‘It Ain’t No “Verzuz,” It’s Just Hit for Hit’
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Triller Responds To $28M Verzuz Lawsuit: Swizz And Tim Have Been Personally Paid Over $50 Million In Cash
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.
Swizz Beatz & Timbaland File $28M Lawsuit Against Triller Over Verzuz Payments
Swizz Beatz and Timbaland are now suing Triller for not following through with their end of the agreement. Suing Triller According to reports Swizz and Timbaland are now suing Triller for $28 million after failing to hold up their end of the payment agreement. The details in the lawsuit state that Triller only made a […]
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Swizz Beatz And Timbaland Sue Triller For $28M In Verzuz Lawsuit
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.
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Swizz Beatz And Timbaland Are Reportedly Suing Triller For $28 Million
According to TMZ, Swizz Beatz and Timbaland are suing the company Triller. The pair who made the rap battle show Verzuz sold the idea to Triller, but Triller never paid up. Now Swizz Beatz and Timbaland want $28 million.
In January of last year, Swizz Beatz and Timbaland agreed to sell Verzuz to Triller, but Triller allegedly defaulted on the deal after just two payments. More information about this lawsuit is forthcoming and should unfurl over time.
The platform Verzuz was launched by Swizz Beatz and Timbaland that showcases beat battles held on Instagram Live. March of this year marked the two-year anniversary of the show. Since its inception, it has held numerous duels between the likes of The Lox, Dipset, Nelly, Ludacris, Keyshia Cole, Ashanti, Jill Scott, Erykah Badu, E-40, Too Short, Gucci Mane, Jeezy, and many more.
To commemorate their success, Swizz and Timbo have partnered with Amazon Studios, Lena Waithe, her production company Hillman Grad Productions, and Good Trouble Studios for a special documentary titled Gifted & Black. It will highlight the rise of Verzuz, as well as the roots of Black music. According to Deadline, it will use “poignant interviews, gripping vérité and magnetic archival footage” to see how Black music impacts the culture.
Swizz Beatz and Timbaland File $28 Million Lawsuit Against Triller Over ‘Verzuz’ Acquisition Payments
Today In Hip Hop History: Missy Elliott’s Debut LP ‘Supa Dupa Fly’ Turns 25 Years Old!
On this day in Hip Hop history, rap queen Missy Elliott released her debut LP, Supa Dupa Fly.
Arguably the most influential release by a female rapper in history, this project birthed one of rap’s most important icons, male or female. The Hip Hop/R&B experimental masterpiece not only delivered a fresh sound to a period in between dominant trends, it also set the tone for what would be considered a radio hit at the turn of the millennium.
The sound and success of this project are due in equal part to Missy and fellow Virginian super-producer Timbaland. In the new age, digital R&B style production pioneered a sound that became the standard of any Top 40 crossover hit of the era. His technical ability as a beatmaker personally complimented Missy’s unorthodox, almost broken-up, flow and smooth, soulful vocals. Missy’s ability as an innovative songwriter allowed for the mind-boggling production to not be wasted. The subjects that were touched on came with a new perspective and the way she rode each beat added such emphasis, giving the project a strong theatrical quality.
Commercially, it performed quite well peaking at #3 on the Billboard 200 chart. The album claimed the #1 spot on the R&B/Hip Hop chart and made appearances on music charts in New Zealand and the Netherlands. The album was certified platinum in the United States and silver in the United Kingdom, both in the year of its release. Critics across the board praised both Timbaland and Missy Elliot for their work on this album, calling it “a key prophecy of the dominant 21st-century Black pop” and “everything the Hip Hop doctor ordered; a woman who could flip between aggression and romance, sex and nonsense, materialism and imagination, without batting one outrageously spidery eyelash.”
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UGK Set to Face 8Ball & MJG in ‘Verzuz’ Battle
Here’s How to Watch Cypress Hill and Onyx in Verzuz’s ‘Fight Night Music’ Battle
Exclusive: The Verzuz Stock Offering Is Still On The Way. Here Are 3 Keys You Need To Know About What Swizz Beatz Called “The Biggest Creative IPO In History”
Fans of the Swizz Beatz and Timbaland Verzuz franchise will soon be able to get a piece of the company as the lawyers for Triller have confirmed the public offering of ILLR stock has not collapsed and is in fact tracking “ahead of schedule.” Verzuz Fans Will Soon Be Able To Cop “ILLR” Stock Triller, […]
The post Exclusive: The Verzuz Stock Offering Is Still On The Way. Here Are 3 Keys You Need To Know About What Swizz Beatz Called “The Biggest Creative IPO In History” appeared first on SOHH.com.