Music moguls Swizz Beatz and Timbaland are suing the social-networking video app ‘Triller’ for $28 million, claiming it failed to pay them for their popular live-stream battle series Verzuz.
According to Variety Magazine, the lawsuit states that Triller failed to make a large payment to Swizz and Timbaland in January 2022, resulting in a settlement that would require them to pay $18 million ($9 million each) by March 2022, with $1 million per month for the following 10 months.
The lawsuit was filed on Tuesday in Los Angeles County Superior Court, and states, “To date, Defendants have failed and refused to make any payment to (Swizz Beatz and Timbaland) of the past due sums due and owing, the aforesaid defaults constitute material breaches of the Agreement by Defendants.”
Triller has since responded to the suit, calling it a ‘misunderstanding.’
“This is truly unfortunate, and we hope it is nothing more than a misunderstanding driven by lawyers. We do not wish to air our dirty laundry in the press, but we have paid Swizz and Tim millions in cash and in stock”.