Swizz Beatz and Timbaland Reach Settlement With Triller in Lawsuit Over Verzuz Payments
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.”