Last month, Grammy-winning artists Timbaland and Swizz Beatz sued TikTok competitor Triller for $28 million. Triller acquired their livestream event series Verzuz last year, but the two musicians alleged that the social app had missed several large payments, prompting them to file a lawsuit.
Now, Triller has settled with Timbaland and Swizz Beatz, but the terms of the settlement are not disclosed. However, Timbaland and Swizz Beatz will now own a larger share of the company.
When the two artists filed the suit, Triller had missed a big payment to them in January, so the parties agreed that Triller would pay them $18 million by March 20, followed by $1 million per month for the next 10 months. The lawsuit claimed that Triller had not made any of these payments. Tri …
