Timbaland and Swizz Beatz says that they still own 100% of Verzuz despite their flawed deal with Triller.
“Verzuz is still 100% Black-owned,” Swizz said on Instagram Live. “50 percent on the top of your screen, and 50 percent on the bottom of your screen. In case you ain’t know. Word to Allah. Okay? It was built for the people, and it will stay with the people. And we love everybody.”
In 2021, it was announced that Triller had acquired the platform.
“There is no more disruptive and innovative brand in music today than Verzuz,” Bobby Sarnevesht, executive chairman and co-owner of Triller, said at the time of the acquisition. “Both Triller and Verzuz share the ‘artist first, music first’ vision. We view this acquisition as more of a partnership than an acquisition, as Swizz, Timbaland and the other 43 artists who are all becoming shareholders and partners in Triller Verzuz from this day forward become our voice.”
Months later, it was revealed Triller had not fulfilled their side of the deal and paid the pair the amount agreed.
[social_warfare]