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Swizz Beatz and Timbaland have filed a $28 million lawsuit against Triller over alleged missing payments in their Verzuz acquisition.
The producers sold their competition platform in exchange for a “sum in the mid-eight figures,” per The Hollywood Reporter, and shareholding rights for them and their team members. They are now alleging that payments have been backed up since January 2022.
According to the suit, the producers were supposed to receive “the first [payment] at closing, another shortly after, and two more on the first and second anniversaries of the deal,” which was to earn them each $9 million by March 17, 2022,
