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Update September 22 at 17:00: Timbaland and Swizz Beatz have settled their lawsuit against Trill. The exact details of the deal have not been revealed, other than the ownership stake given to the artists that Timbaland and Swizz Beatz brought to Triller has been increased. “VERZUZ has always been a platform created by artists, for artists, and with the people,” Swizz Beatz and Timbaland said in a joint statement. “We are pleased to reach an amicable agreement with Triller and continue to provide fans with the music and community they have come to know and love from the brand.”
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Timbaland and Swizz Beatz claim they haven’t seen Triller’s money after the massive delay reduction. The musicians and businessmen are suing the video platform for breach of contract, saying Triller owes them $28 million in back pay on the music battle series after the company bought delay in January 2021. According to a filing obtained by Vulture, Triller made payments in January and April 2021, but failed to make the next required payment of $18 million in January 2022. After changing its payment agreement, Triller made a payment in February and then continued to stop making the payments (set at $1 million each month, on top of the $18 million). Their new deal allowed Timbaland and Swizz to accelerate remaining payments if Triller missed a payment, so they are suing for the full amount Triller owes, $28 million.
the delay The sale was notable because Timbaland and Swizz Beatz gave shares of their capital to all delay Participants. Meanwhile, Timbaland and Swizz aren’t the only ones missing Triller payouts: The platform reportedly owes money to Triller as well. boxers other black content creators. The most recent delay aired on July 17, a showdown between reggaeton producers Luny Tunes and DJ Nelson.