The ultimate Verzuz battle: Timbaland & Swizz Beatz are suing Triller for $28 million.
— inflating user numbers just weeks before it was expected to go public as part of a special purpose acquisition company merger.
According to Tuesday’s lawsuit, under the terms of Triller’s deal to buy Verzuz, the first cash payments to Timbaland and Swizz Beatz were due January 2021 and April 2021 – both of which Triller successfully made. But when another payment was due in January 2022, the producers say the company failed to pay.
“The aforesaid defaults constitute material breaches of the agreement by defendants,” the pair’s lawyers wrote. “By reason of defendants’ continuing uncured defaults, the sum of $28,095,000.00 is immediately due to be paid under the agreement.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Birth Control TikTok Is a Symptom of Medicine's Bigger ProblemInfluencers are encouraging people to ditch hormonal contraception. Fixing feeds will require mending mistrust between doctors and patients.
Lire la suite »
INXS Celebrates 45th Anniversary With Catalog Reissues, TikTok Streaming EventINXS Day, launched in association with Petrol Records, Universal Music Group and Rhino Records, kicks off Tuesday.
Lire la suite »
Server hosting company to vet TikTok algorithms to avoid Chinese manipulationOracle, the company that TikTok has partnered with to secure United States user data, said that it has begun vetting its algorithms to ensure China has not manipulated the data.
Lire la suite »