Cut the check! According to Variety, Swizz Beatz and Timbaland have settled their $28 million lawsuit against Triller. If you recall, last month the super-producers claimed that the social media video-sharing service missed payments after it bought Verzuz. Triller clapped back and explained that they had paid the pair “over $50 million in cash and stock.” However, it looks like the drama is behind them.
In a statement, the music moguls said: “Verzuz has always been a platform by artists, for artists and with people. 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.”
Triller CEO and co-founder Bobby Sarnevesht also said, “VERZUZ and Triller will always be a safe place and outlet for creators and their art. Nothing will change about that. Creators started with this and will continue to build it. This is a victorious moment in the relationship between Triller and VERZUZ as we march towards the public markets together.
He added, “Verzuz and Triller will always be a safe place and outlet for creators and their art. That’s not going to change,” said Bobby Sarnevesht, Executive Chairman and Co-Founder of Triller. “That will not change. Creators started with this and will continue to build it. This is a victorious moment in the relationship between Triller and Verzuz as we march towards the public markets together. Stay tuned.”
The housemates seemed pleased that an agreement had been reached and hoped to see Verzuz return. The last major battle was in June. If you remember there were many moments happening on stage starting with Bobby V, Ray J, Pleasure P and Sammie through the preshow and main event with Omarion and Mario.
Roommates, what do you think of the settlement?