Diddy wants hip-hop to turn a blind eye to Verzuz until Triller pays Swizz Beatz and Timbaland what they think they’re owed.
TMZ broke the story Tuesday that Verzuz co-creators and veteran music producers have sued Triller for $28 million, saying the company missed many of its scheduled payments. Swizz Beatz and Timbaland sold the brand to Triller in 2021 and say the company defaulted after just two payments.
In their lawsuit, the two say they initially settled with Triller, but the company defaulted again after just one more payment.
In a statement to TMZ, a Triller representative said the company had paid the duo more than $50 million in cash and stock and the dispute was about another payment related to a benefit Verzuz says the company has yet to make have not fulfilled.
“Only a $10 million payment is in question,” the rep told TMZ. “We believe they have not yet met the thresholds for this payment, which include, among other things, the delivery of a set number of Verzuz events for 2022. We have attempted to resolve this amicably and this does not affect the operation of Verzuz or Triller’s ownership of Verzuz. If this does go to court, we look forward to a verdict that weighs all the facts.”
Verzuz’ Instagram has been dark since August 3. Diddy seems to alert Triller by hinting that he will make a version of the idea without the company’s involvement.
On Thursday night, the music mogul went live on Instagram with fellow mogul Jermaine Dupri and challenged him to a hit-for-hit duel between their two labels’ catalogues. Soon after, Diddy clarified that they would have to do it alone due to Timbaland and Swizz Beatz’s allegations.
“Since we’re not f— with Verzuz since they’ve been f— with our boys, we don’t have to compete.” Diddy said. “Let’s get together and do the Bad Boy/So So Def in Atlanta. It’s not Verzuz, it’s just hit-for-hit.”
The next day, Diddy changed his testimony and blamed Triller. “We’re not f— with Triller until they take care of Swizz and Tim for Verzuz,” he said on another Instagram Live.
Styles P, who took part in the Verzuz fight between the Lox and Dipset, has also said he’s boycotting Triller if the allegations are true.
“It would be good if Triller, Swizz and Tim could rock out and find a way to fix this,” Styles told TMZ. “Hip-hop people shouldn’t put up with it if Swizz and Tim aren’t involved. I certainly wouldn’t do it, I won’t watch it at all.
https://www.latimes.com/entertainment-arts/music/story/2022-08-19/diddy-verzuz-lawsuit-triller-swizz-beatz-timbaland Diddy says ‘we’re not f— with Triller’ after Verzuz lawsuit