Cut the check! Based on Diversity, Swizz Beatz and Timbaland settle their $28 million lawsuit against Triller. If you recall, last month, super-manufacturers alleged that the video-sharing social networking service missed payments after purchasing Verzuz. Triller clapped his hands in response and announced that they had paid the two “more than $50 million in cash and stock.” However, it looks like the movie is behind them.
In a statement, the music mogul said, “Verzuz has always been a platform for artists, for artists and for everyone. We’re delighted to have reached a friendly agreement with Triller and continue to bring to the music fans and community they have come to know and love the brand. “
Triller executive chairman and co-founder Bobby Sarnevesht also said, “VERZUZ and Triller will always be a safe place and outlet for creators and their art. Nothing will change that. The creators started this work and will continue to build on it. This is a winning moment in the relationship between Triller and VERZUZ as we move towards the public market together.
He added, “Verzuz and Triller will always be a safe place and outlet for creators and their art. Nothing will change that,” said Bobby Sarnevesht, executive chairman and co-founder of Triller. “Nothing will change that. The creators started this work and will continue to build on it. This is a winning moment in the relationship between Triller and Verzuz as we move into the public markets together. Keep stable.”
The roommates seemed pleased that the deal had been reached and jumped to see Verzuz back. The last major battle was in June. If you recall, many moments happened on stage, starting with Bobby V, Ray J, Pleasure P and Sammie in the previous show and the main event with Omarion and Mario.
Roommates, what do you think about the settlement?