Timbaland, Swizz Beatz settle $28 million with Triller over Verzuz payment

Music producers Timbaland and Swizz Beatz have settled their $28 million lawsuit with social media video platform Triller over alleged failed payments following the sale of their popular “Verzuz” series.

Launched in 2020 by the two hip-hop producers, the hit streaming rap battle show pits musical artists against each other in the form of freestyle rap.

Swizz Beatz, real name Kasseem Dean, and Timbaland, real name Timothy Mosley, agreed to sell the rights to the series to Triller, a TikTok competitor, in January 2021.

But after the sale deal, the couple claimed that the company, founded in 2015 by financier Ryan Kavanaugh, defaulted on the deal after just two payments.

Specific terms of the settlement were not immediately clear.

Timbaland and Swizz Beatz perform at MetLife Stadium on June 10, 2018 in East Rutherford, New Jersey.
Timbaland and Swizz Beatz perform at MetLife Stadium on June 10, 2018 in East Rutherford, New Jersey.
WireImage

“Verzuz has always been a platform by artists, for artists, and with people,” Swizz Beatz and Timbaland said in a statement, according to Variety.

“We are excited to reach an amicable settlement with Triller and continue to bring fans the music and community they have come to know and love from the brand.”

After news of the lawsuit broke in August, Triller told The Post that the lawsuit was “really unfortunate” and had hoped “to settle this amicably and quickly.”

“We hope this is nothing more than a lawyer-fueled misunderstanding,” the company said. “We don’t want to air our dirty laundry in the press, but we paid Swizz and Tim millions in cash and stock.”

Triller added: “No one has benefited from Triller this much before. Triller helped take VERZUZ to new heights – and made it the global cultural phenomenon it is today.

trill logo
It is unclear which conditions were agreed in the comparison.
Getty Images for trills

“If we’re forced to defend it, we’re more than optimistic that the truth and the facts are on our side.”

Swizz Beatz – who is married to singer Alicia Keys – teamed up with Timbaland to bring “Verzuz” to life in the early stages of the COVID-19 pandemic.

The couple went head-to-head in a rap battle in March 2020 and generated widespread interest in the show, which later featured some of rap’s biggest names.

John Legend, Keys, 2 Chainz, Rick Ross, Too $hort, Patti LaBelle and Gucci Mane are just a few of the big names who have participated in the series.

https://nypost.com/2022/09/23/timbaland-swizz-beatz-settle-with-triller-in-28m-over-verzuz-payment/ Timbaland, Swizz Beatz settle $28 million with Triller over Verzuz payment

Emma Bowman

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