Swizz Beatz and Timbaland Reach Settlement Agreement with Triller Over VERZUZ

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Today, Swizz Beatz, Timbaland, and Triller revealed that their legal dispute about the sale of VERZUZ had been resolved.

“VERZUZ has always been a platform that is by the artists, for the artists and with the people,” says founders Swizz Beatz and Timbaland. “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.”

With the settlement, the artists that Timbaland & Swizz Beatz brought to Triller as part of the initial agreement would receive a larger ownership stake.

“VERZUZ and Triller will always be a safe place and outlet for creators and their art. Nothing will change that,” says Bobby Sarnevesht, Executive Chairman & Co-Founder. “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.”  

In August, Swizz Beatz and Timbaland sued Triller for their intellectual property to the tune of eight figures. The two top producers contend that Triller, the now well-known social networking service for video sharing, never paid them for their Verzuz concept, which Triller now controls. Triller purchased Verzuz from Swizz and Timbaland back in January 2021, but the agreement fell through when Triller made only two payments, according to the lawsuit obtained by TMZ.

With the new settlement, Timbaland and Swizz Beatz stated they remain proud of the platform they created and the acquisition by Triller to continue to celebrate and showcase artists.

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Timbaland And Swizz Beatz Reach A Settlement With Triller Over The Verzuz Acquistion

Timbaland and Swizz Beatz have reached a settlement in their legal battle over the sale of Verzuz. Launched in March of 2020, Verzuz showcased artists, producers, and songwriters as they played their biggest hits side-by-side for their fans via live stream. Verzuz was sold to the video-sharing platform, Triller in January 2021, however, Timbaland and Swizz filed a lawsuit this past August, claiming Triller owed them $28 million.

As of today, the two parties have arrived at a settlement that will increase the ownership stake given to the artists that Timbaland and Swizz Beatz brought to Triller in the original deal.

“Verzuz has always been a platform that is by the artists, for the artists and with the people,” said founders Swizz Beatz and Timbaland in a joint 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.”

Fans can look forward to seeing more Verzuz competitions in the near future from the comfort of their screens.

“Verzuz and Triller will always be a safe place and outlet for creators and their art. Nothing will change that,” said Bobby Sarnevesht, Executive Chairman and Co-Founder of Triller in a statement. “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.”

Sony Music Is Suing Triller For Allegedly Refusing To Pay Licensing Fees

Earlier this month, it was reported that Verzuz founders Swizz Beatz and Timbaland had sued Triller for not making payments after they sold their idea to the video app in 2021. Now, according to Rolling Stone, Triller is being sued by another business partner who says the app’s administrators refused to pay music licensing fees. Sony Music Entertainment has filed suit for millions in damages after Triller allowed users to continue posting videos with music from Sony artists after the label ended its deal with the app.

The lawsuit accuses Triller of “brazen contempt for the intellectual property rights of Sony Music, its artists, and others” after Triller “historically failed to make payments in a timely manner,” then completely stopped making its monthly payments entirely in March. Sony says attempts to contact Triller resulted in “near-total radio silence.” It terminated its licensing agreement on August 8, but despite warning Triller that “its continued use of Sony Music Content would constitute willful copyright infringement,” Triller has continued to make Sony Music artists’ music available for use on the app. The Sony roster includes artists such as Beyonce, Mariah Carey, Michael Jackson, Rosalía, Tyler The Creator, and more.

Meanwhile, as Triller apparently refused to pay Sony or the Verzuz founders, it acquired other platforms such as Fangage, a platform that helps creators to host and sell content. Triller previously called the Verzuz lawsuit a “legal shakedown,” maintaining that the producers had already been paid “$50 million in cash and stock.” Meanwhile, other high-profile stars are beginning to eschew proposed Verzuz battles; Diddy recently said, “We’re not f*ckin’ with Triller until they take care of Swizz and Tim for Verzuz.”

Diddy Says He’s ‘Not F*ckin’ With Triller’ Because Of The Swizz Beatz And Timbaland ‘Verzuz’ Lawsuit

It was reported earlier this week that Swizz Beatz and Timbaland are suing Triller for $28 million after the company never paid up for their rap battle show Verzuz. Now Diddy is speaking up to express solidarity with the two rappers.

On a joint Instagram live with So So Def founder Jermaine Dupri, Diddy said, “Since we ain’t f*ckin’ with [Triller] no more, since they’re f*ckin’ around with our boys, we don’t need to be going against each other. Let’s come together and do that Bad Boy-So So Def in Atlanta. It ain’t no Verzuz, it’s just hit-for-hit.”

He added after, “We’re not f*ckin’ with Triller until they take care of Swizz and Tim for Verzuz. Nobody f*cks with Triller until they take care of Tim and Swizz for Verzuz, ’cause Tim and Swizz is Verzuz.”

The suit, filed Tuesday, said that Triller “unequivocally and unconditionally guaranteed to Mosley and Dean the payment and performance of Triller Hold’s obligations under that agreement and related agreements.” Triller allegedly paid them in January and April 2021, but then defaulted on the next required payment.

March of this year marked the two-year anniversary of Verzuz and they celebrated with a documentary. 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.

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

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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.

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

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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.

Triller Announces Boxing Competition Series ‘So You Think You Can Fight’

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After the unstoppable buzz surrounding their celebrity boxing matches, Triller Fight Club announces the next phase of the brand with a new boxing competition series, titled So You Think You Can Fight. Partnering with TV super-producer Nigel Lythgoe, Triller will produce an unscripted competition series with a similar format to the popular competition show, “So You Think You Can Dance.”

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Reported as a weekly series, “So You Think You Can Fight” will be an hour-long show that pairs a celebrity action star with a pro fighter, each who will select an amateur boxer through a global talent search and competition audience voting and participation. The selected contestants will undergo a series of mental and physical training, fighting against each other with one winner for each division — lightweight, heavyweight, and MMA. The show’s winner will go on to a pro bout on a Triller Fight Club main event to launch their pro boxing career. 

“So You Think You Can Fight” is slated to premiere late-2022 on Triller’s new streaming platform, Triller Verzuz TV, formed by TrillerNet’s recent acquisition of the Timberland and Swizz Beatz-created live streaming channel Verzuz and global live event streaming platform, FiteTv.

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“Triller has built something extraordinary, and they truly have their finger on the pulse of where live event entertainment is headed,” Lythgoe said. “As a lifelong fan of music and boxing, I am thrilled to be getting into the ring with Ryan, Snoop and the whole Triller team to join their disruptive and innovative journey. Everyone is fighting for something in this world, and I’m excited to tell the many fascinating stories behind the raised gloves.”

“Nigel Lythgoe is a giant among giants, and his new role at Triller is a total game-changer for us,” said Ryan Kavanaugh, co-owner of Triller Fight Club parent company TrillerNet. “Nigel has changed the face of competition-based television around the world, and there is no one better to help us bring the excitement of Triller Fight Club to our global audiences, both through our exciting new streaming series and by adding his visionary storytelling abilities to our Fight Club events. We could not be more excited to welcome Nigel to the Triller team.”

“Boxing and dancing share the same movements and the same rhythm, and who better to take Fight Club to the next level that the person who brought the world ‘American Idol’ and ‘So You Think You Can Dance,’ the iconic talent discovery platforms where music, competition, movement and showmanship all count towards the victory, which in our case is hopefully by a knockout,” said Triller Fight Club partner Snoop Dogg.

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VERZUZ And Triller Enlists Steve Pamon As Prez Of VERZUZ

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Today(March 24) , Verzuz and Triller, the culturally-powered, entertainment and media platform for creators, announced that entertainment executive Steve Pamon as the President of Verzuz. Pamon will manage all aspects of the global business, including overseeing go-to-market, production, and logistical operations for Verzuz, including contracts, sponsors, venues, programming, live events, and partnerships.

Regarding this announcement, Triller CEO Mahi de Silva commented, “Steve is the proverbial triple threat. His exceptional track record and reputation across Parkwood Entertainment, the NFL, and HBO, delivering global entertainment innovation, and his devotion to respect and lift culture makes his stewardship of the Verzuz brand the perfect match. Verzuz is a cultural phenomenon and Steve’s leadership is a perfect complement to Swizz Beatz and Timbaland, who continue to curate the iconic Verzuz events. Steve will accelerate the Verzuz platform to new heights.”

Under his purview, Verzuz will maintain its undying support of artists, the global creative community, and the culture. As the business expands, the entrepreneurial and independent spirit remain central to its progression.  With more blockbuster events on the horizon, Verzuz has transcended the social media realm and burgeoned across traditional, new, and future media with unprecedented visual experiences, unforgettable competitions, undeniably epic battles into sporting and gaming extravaganzas. At the same time, it stands out as a lifestyle, moving into Verzuz Gamez, Verzuz Iconz, Verzuz Sportz, Verzuz Comedy, and beyond.

Regarding this next chapter, Swizz Beatz and Timbaland issued the following joint statement, “Verzuz was born in the culture, and it thrived because the culture believed in it. Steve showed the culture nothing but respect from our first conversations. He understood what Verzuz meant to the millions of viewers who made it what it is, and he wanted to preserve the same energy and magic. This is another beginning for Verzuz.”  Swizz Beatz and Timbaland allocated a portion of their equity in the Triller Verzuz combined company to the 43 creatives that initially performed, which resulted in the largest creative IPO in history and opened up a lane for further execution at the highest level.

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