Swizz Beatz and Timbaland (Kasseem Daoud Dean and Timothy Mosley, respectively) filed the lawsuit in Los Angeles Superior Court on Tuesday.
The complaint is related to Triller’s acquisition of Verzuz — a livestream series popularized during the COVID-19 pandemic that features artists going head-to-head in a sing-off.
“Defendants have failed and refused to respond to plaintiffs’ written notice and demand for payment,” Swizz and Timbaland’s lawyers wrote in the complaint, Billboard reports.
“To date, defendants have failed and refused to make any payment to Mosley and Dean of the past due sums due and owing, and defendants continue in default of their payment obligations,” the attorneys continued, alleging that Triller failed to keep up with the agreed-upon payment plan. “By reason of defendants’ continuing uncured defaults, the sum of $28,095,000.00 is immediately due to be paid under the agreement.”
In response to being slapped with this $28M lawsuit, Triller went on to allege that Swizz Beatz and Timbaland have both been sufficiently reimbursed by the company.
“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,” the company wrote in a statement, according to Billboard. “No one has benefited as much from Triller to-date.”
Notably, the platform went on to say that it helped propel Verzuz to “new heights” and essentially suggested that the matter was nothing more than “just a misunderstanding.”
“Triller has helped fuel Verzuz to new heights — making it the global cultural phenomenon it is today. We hope to resolve this amicably and quickly, and truly hope it’s just a misunderstanding. If we are forced to defend it, we are more than optimistic the truth and facts are on our side,” the platform noted.
Despite Triller’s statement about turning Verzuz into a ‘global cultural phenomenon,’ we have to point out that this isn’t the first time the platform has been accused of being stingy with its coins.
What do you think about the situation?