Swizz Beats and Timberland have settled their lawsuit with Triller, after suing the service last month for $28 million, an amount they contended was owed after their sale of Verzuz to the service in March 2021.
Specific terms of the settlement were not revealed in the late Thursday announcement, beyond a promise that “the settlement will increase the ownership stake given to the artists that Timbaland and Swizz Beatz brought to Triller as part of the original deal.”
The lawsuit was filed in August. Their lawsuit alleged that Triller had failed to make a significant payment to the duo in January of this year, and that the service had agreed in a settlement to pay them a total of $18 million in March, followed by $1 million a month for the following 10 months — but that none of those promised payments had been forthcoming this year. As reported by Variety.
Triller also faces a lawsuit from Sony Music for alleged non-payment; plus, numerous artist say they did not receive promised payments as part of Triller’s creator program, which specifically recruits Black creators.
Triller still plans to go public soon.