Swizz Beatz and Timbaland have settled their lawsuit with Triller, after suing the service last month for $28 million, an amount they contended was owed after their sale of Verzuz to the service in March 2021. Specific terms of the settlement were not revealed in the late Thursday announcement, beyond a promise that “the settlement will increase the ownership stake given to the artists that Timbaland and Swizz Beatz brought to Triller as part of the original deal.”“Verzuz has always been a platform that is by the artists, for the artists and with the people,” Swizz Beatz and Timbaland said in a statement. This is a victorious moment in the Triller and Verzuz relationship as we march together toward the public markets. Swizz Beatz and Timbaland (legal names: Kasseem Daoud Dean and Timothy Mosley) both received equity in the sale, along with 43 artists who had participated in the program. The joint announcement Thursday said, “Swizz Beatz and Timbaland remain proud of the platform that they created with Verzuz and its acquisition by Triller due to the company’s willingness to celebrate and showcase artists.”Follow NBCBLK on Facebook, Twitter and Instagram.

---