Swizz Beatz and Timbaland have filed a lawsuit against Triller for more than $28 million, alleging that the streaming platform owes them money after Triller acquired Verzuz.
They say the company started in January 2022 with missing payments.
“To date, the defendants have failed and refused to make any payments to them [Swizz Beatz and Timbaland] of past due amounts that are due and owed,” the lawsuit states.
Timbaland and Swizz Beatz then entered into a settlement and payment agreement with Triller in February. Triller agreed to pay them $9 million each no later than March 17, then Triller would pay them $500,000 each on the first of the month for 10 months. The payments should come sooner if they secured $100 million in funding or completed their proposed merger with SeaChange International.
Timbaland and Swizz Beatz are seeking $28,095,000 in damages plus attorneys’ fees and costs. They also seek pre-trial interest.
Triller has not released a statement in response to the lawsuit.
Tags ·Swizz Beatz Timbaland Trill Verzz
https://mediatakeout.com/swizz-beatz-timbaland-sue-triller-for-28m/ Swizz Beatz & Timbaland Sue Triller For $28M!!