{"id":128874,"date":"2022-08-17T11:57:59","date_gmt":"2022-08-17T11:57:59","guid":{"rendered":"https:\/\/fin2me.com\/?p=128874"},"modified":"2022-08-17T11:57:59","modified_gmt":"2022-08-17T11:57:59","slug":"swizz-beatz-timbaland-sue-triller-for-28m-over-alleged-nonpayments-in-verzuz-deal","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/swizz-beatz-timbaland-sue-triller-for-28m-over-alleged-nonpayments-in-verzuz-deal\/","title":{"rendered":"Swizz Beatz &#038; Timbaland Sue Triller For $28M Over Alleged Nonpayments In Verzuz Deal"},"content":{"rendered":"<p>Recording impresarios Swizz Beatz and Timbaland are suing social media platform Triller, claiming they are owed more than $28 million after the TikTok-like outfit acquired the duo&rsquo;s music enterprise Verzuz last year.<\/p>\n<p>Triller in 2021 said it was buying the Verzuz web series &#8212; which had become a breakout hit during the pandemic, pitting music artists against one another in live-streamed battles &#8212; for an undisclosed cash and equity sum.<\/p>\n<p>A lawsuit filed Tuesday in Los Angeles Superior Court, as reported by the <em>Washington Post<\/em>, alleges Triller began missing payments in January this year. &ldquo;To date, Defendants have failed and refused to make any payment to [Swizz Beatz and Timbaland] of the past due sums due and owing,&rdquo; the suit reportedly reads.<\/p>\n<p>According to Tuesday&rsquo;s lawsuit, Triller was to make initial cash payments to Timbaland and Swizz Beatz in January 2021 and April 2021, which it did. However, when a further payment was due in January of this year, the producers say the company did not comply.<\/p>\n<p>A new payment plan was agreed, the suit reportedly says, and Triller made the first payment under the new pact in February. Triller was then required to pay another $18 million by March 17, plus $1 million more per month for another 10 months. The plaintiffs allege those payments have not been made.<\/p>\n<p>Swizz Beatz and Timbaland earlier this year set a deal with Amazon Studios for a feature-length documentary Gifted &amp; Black, inspired by Verzuz.<\/p>\n<p>According to <em>Billboard<\/em>, Triller has been vying to go public. In June, it called off a $5B proposed merger with video-tech company SeaChange International, but later submitted documents to the SEC for an IPO.<\/p>\n<h2>Must Read Stories<\/h2>\n<h3>&#8216;Hawkeye&#8217; Helmers Bert &#038; Bertie To Direct Big Thunder Mountain Movie For Disney &#038; Scott Free<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/deadline.com\/wp-content\/uploads\/2022\/08\/Bert-Bernie.jpg\"><\/p>\n<h3>&#8216;Superman &#038; Lois&#8217; To Recast Jonathan Kent Role As Jordan Elsass Exits The CW Drama<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/deadline.com\/wp-content\/uploads\/2022\/08\/superman-and-lois-jordan-elsass.jpeg\"><\/p>\n<h3>Academy CEO Bill Kramer Lays Out Some Goals, Talks 2023 Oscar Show, Plans &#038; More<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/deadline.com\/wp-content\/uploads\/2022\/08\/B_KRAMER_332.jpg\"><\/p>\n<h3>Disneyland Boosts Prices For Magic Key Annual Passes; New Top Tier Going For $1,600<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/deadline.com\/wp-content\/uploads\/2022\/08\/Disneyland-Anaheim-1.jpg\"><\/p>\n<h2>Read More About:<\/h2>\n<p>Source: <a href=\"https:\/\/deadline.com\/2022\/08\/timbaland-swizz-beatz-sue-triller-verzuz-deal-1235094298\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recording impresarios Swizz Beatz and Timbaland are suing social media platform Triller, claiming they are owed more than $28 million after the TikTok-like outfit acquired [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":128873,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Swizz Beatz &#038; Timbaland Sue Triller For $28M Over Alleged Nonpayments In Verzuz Deal - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/swizz-beatz-timbaland-sue-triller-for-28m-over-alleged-nonpayments-in-verzuz-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swizz Beatz &#038; 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