Legendary music producers Swizz Beatz and Timbaland created a cultural phenomenon during the pinnacle of the pandemic in 2020 with the founding of Verzuz on Instagram.
Verzuz provided a prosperous platform for mostly old-school rap and R&B artists to engage in fun battles (well, mostly) with an artist of similar stature and career accomplishment. It became a runaway hit with millions of urbanites who were stuck in the house under quarantine and it rejuvenated the careers and record sales of the participating musicians.
At the apex of Verzuz’s popularity, Swizz and Timbs sold the project to Triller, a video-sharing social networking service, with the stipulation that Triller would pay the duo back in monthly installments.
However, when Triller allegedly defaulted on the agreement, Swizz and Timbs filed a lawsuit in the amount of $28 million, TMZ is reporting.
In court documents obtained by the entertainment publication, Swizz, 43, and Timbs, 50, claim that Triller defaulted on the payments after just the third month.
After complaining about Triller being in arrears on their original agreement, the two sides were able to hammer out another arrangement. However, Swizz and Timbs claim that Triller allegedly defaultedonce again, this time after just one payment.
Now, Swizz and Timbs are demanding that Triller come up with $28 million plus interest. Triller has yet to publicly comment on the lawsuit.
