TMZ.com
[1]Swizz Beatz[2] and Timbaland[3] created a super popular rap battle show, and now they're doing legal battle with the company to which they sold their idea ... in the form of a $28 million lawsuit!
The big time music producers are suing Triller, claiming the video-sharing social networking service failed to pay up for the cash cow Swizz and Timbaland dreamed up -- Verzuz.
DECEMBER 2021
According to the lawsuit, obtained by TMZ, Swizz and Timbaland agreed to sell Verzuz to Triller back in January 2021 … but they say Triller defaulted on the deal after only two payments.
SEPTEMBER 2021
Swizz and Timbaland say they settled with Triller after the initial default, but they say Triller played the same game as before ... making one installment and then not paying up the remaining balance.
The music moguls are going after Triller for more than $28 million … plus interest.
5/30/21
We reached out to Triller ... so far no word back.