Triller settles lawsuit with Timbaland and Swizz Beatz

Last month, Grammy-winning artists Timbaland and Swizz Beatz sues TikTok competitor Triller for $28 million. Triller acquired their live event series Verzuz last year, but the two musicians claimed the social app missed several big payments, prompting them to file a lawsuit.

Triller has now settled with Timbaland and Swizz Beatz, but the terms of the deal were not disclosed. However, Timbaland and Swizz Beatz will now own a larger stake in the company.

When the two artists filed the suit, Thriller had missed a large payment to them in January, so the parties agreed that Thriller would pay them $18 million by March 20, followed by $1 million per month for the next 10 months. The lawsuit alleges that Triller did not make any of those payments. However, Thriller said it was only a single payment of $10 million.

Triller is also facing a lawsuit from Sony Music for alleged non-payment; plus, many creators say they haven’t received the promised payment as part of the Triller creator program, which specifically recruits black creators.

Despite these lawsuits, Triller is still planning become public domain soon.

Triller provided a statement via email from CEO Bobby Sirnevesti:

at the end of the day, like any thanksgiving or family gathering, there are disagreements, but like any good family, in the end we all forgive each other and come back stronger than ever.

the thriller verzuz family is as strong as it has ever been. We’re glad to put this disagreement behind us and couldn’t be more excited for the next chapter.

we look forward to releasing triller, verzuz and trillerverz into the public markets as one happy family

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