We reported yesterday on Timbaland and Swizz Beatz suing Triller alleging unpaid monies from the company’s acquisition of their livestreaming brand Verzuz.
Triller’s response came yesterday in a pair of emails to The Verge from an unnamed spokesperson. “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. No one has benefited as much from Triller to-date,” said the first. “We hope to resolve this amicably and quickly, and truly hope it’s just a misunderstanding.”
Fear not, fans of un-amicable dirty-laundry sharing, the follow-up email went on to claim that the Verzuz founders had not “met the thresholds for their payment, including, but not limited to, failure to disclose obligations to labels… Swizz and Tim failed to disclose both trademark and label issues which are far in excess of $50 million dollars.” Triller is threatening a counter-lawsuit for more than that amount.
The disclosures if any of this makes it to court promise to be quite the popcorn-fest for onlookers.
Tools: platforms to help you reach new audiences
Tools :: Wyng
Through Music Ally’s internal marketing campaign tracking, we’ve recently discovered an interesting website by the…