Triller Gets Sued by Timbaland, Swizz Beatz for $28M Nonpayment—TikTok Rival Dispute

Isaiah Richard, Tech Times 17 August 2022, 08:08 pm

Triller, a known American TikTok rival in the app industry now, is facing a lawsuit from known music artists in the world, namely Timbaland and Swizz Beatz, for alleged nonpayment. There was a promise of a payout for Triller's acquisition of Verzuz last year, but the creators of the live stream music series claim they received no payments from the American app.

Triller Faces Lawsuit from Timbaland, Swizz Beats of $28M

(Photo : Triller via Screenshot)
Triller face dispute from Timbaland and Swizz Beatz for alleged nonpayment on initial agreements that now puts the company in troubled waters.

As per TechCrunch's report, Triller is facing a significant dispute over nonpayments to different music artists, particularly Timbaland and Swizz Beatz, the creators of Verzuz. In March 2021, the company acquired Verzuz, and it was supposedly paying the singer and producer $28 million.

The payments should have been made in January for $18 million, and $1 million for the next ten months.

The Washington Post obtained the lawsuit documents and said that it missed the supposed payments that Triller should have given the music artists in the past months.

Still, there is no progress in this case up to now, and the American multimedia app saw turmoil in its IPO and operations, losing a massive $700 million last 2021.

Triller: It Also Missed Payments for Artists on the Platform

According to the reports, Triller also missed payments for its promise last year, focusing on a $14 million fund for its African-American content creators to help boost content on their platform. The Post also claimed that it was not able to settle the payments Triller initially promised for the artists, facing massive problems in their careers.

Triller vs. TikTok: AI-Powered Vertical Apps

TikTok is one of the most famous applications in the world now, and people prefer to stay on the platform instead of other social media apps already, especially those that are famous before. In TikTok, there are songs that go viral where many content creators use them for dance covers and background music for their clips posted online.

The vertical video streaming app that focuses on AI to bring content to users has many competitors and copycats that mirror its services, including that of YouTube Shorts, Meta's Facebook, and Instagram Reels, among many others.

Triller is another company in the AI-powered vertical video applications now, but it came from America and founders David Leiberman and Sammy Rubin in 2015.

Now, the known American video and music application is seeing a massive dispute in the case due to its unpaid artists from the previous acquisition and its initial promise from the company. The case remains something that Triller would fight out, claiming that there are no missed payments from them, only a missing $10 million is what is pending from the company.

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Written by Isaiah Richard