J. Cole is back. After 6 #1 albums, and all of them are certified at least platinum, he is ready to take the music industry by storm. Since his last solo album, Cole has won his first Grammy as well as becoming quite the activist. He was spotted at Black Lives Matter protests in 2020.
Today he took to social media, to announce that the world can enjoy new music from him as early as next Friday.
Timbaland & Swizz Beatz Sue Triller, Claiming $28M Never Paid From ‘Verzuz’ Sale
The TikTok rival bought the popular livestream show last year, but its founders now say Triller still owes them tens of millions.
BY BILL DONAHUE (Billboard)
Eighteen months after Timbaland and Swizz Beatz sold their popular Verzuz livestream series to Triller, the two are now suing the social media platform for allegedly failing to pay them a whopping $28 million that they’re still owed from the deal.
Triller, a TikTok-like service that allows users to create and share short videos, announced in March 2021 that it would pay an undisclosed sum in cash and equity to acquire Verzuz – a breakout hit during the pandemic in which two artists square off in a livestreamed music battle.
But in a lawsuit filed Tuesday (Aug. 16) in Los Angeles Superior Court, Timbaland (Timothy Mosley) and Swizz Beatz (Kasseem Daoud Dean) say Triller has failed to actually pay for the company it purchased. After initial payments last year and early this year, the pair of hitmakers say the company has refused to hand over more than $28 million that they’re still owed.
“Defendants have failed and refused to respond to plaintiffs’ written notice and demand for payment,” the pair’s lawyers wrote in the complaint. “To date, defendants have failed and refused to make any payment to Mosley and Dean of the past due sums due and owing, and defendants continue in default of their payment obligations.”
A representative for Triller did not immediately return a request for comment from Billboard.
Timbaland and Swizz Beatz launched Verzuz in March 2020, just days after the global shut-down from the COVID-19 pandemic, and it took off as peak quarantine entertainment – a virtual music battle between top artists, livestreamed to millions of users on Instagram and other platforms. Since the pair of producers squared off in the inaugural show, Verzuz has featured high-profile showdowns between T-Pain and Lil Jon, Alicia Keys and John Legend, DMX and Snoop Dogg, Brandy and Monica, and many other top names, often drawing millions of viewers.
After launching in 2015, Triller rose to prominence in 2020 as a competitor to TikTok when the Trump administration said it was considering banning the popular social media service from the U.S. market over its ties to the Chinese government. Triller — whose investors include Snoop Dogg, The Weeknd and Marshmello — made aggressive moves to compete with TikTok by courting influencers to the platform, but also experienced serious hiccups. Universal Music Group, the world’s largest music company, pulled its catalog from the platform in February 2021 over royalty issues before eventually resolving the matter and restoring the songs a few months later. The service also admitted to — and then denied — inflating user numbers just weeks before it was expected to go public as part of a special purpose acquisition company (SPAC) merger.
The SPAC merger didn’t happen, but recently Triller has been making another play to go public — meaning the Verzuz lawsuit is coming at a particularly bad time. After calling off a $5 billion proposed merger with video-tech company SeaChange International in June, the company submitted paperwork to the U.S. Securities and Exchange Commission for an initial public offering.
According to Wednesday’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 two sides quickly reached a settlement to avert a dispute by agreeing to a new payment plan, the suit says, and Triller made the first payment under that new agreement in February. But the settlement agreement required Triller to pay another $18 million by March 17, plus $1 million more per month for another 10 months – and Timbaland and Swizz Beatz say those payments have never been made.
“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.”
The lawsuit from Timbaland and Swizz Beatz isn’t the first time this year Triller has been accused of not paying its bills. In June, boxing reporter Dan Rafael reported that Triller had not fully paid several fighters from a May 2022 bout. And earlier this month, The Washington Post reported that Triller had a spotty history of paying Black influencers that had been recruited to join the platform; the company strongly denied those allegations.
It’s also not the first sign of tension between Timbaland/Swizz Beatz and Triller. Back in February, Verzuz faced backlash when it was announced that the latest battle would be exclusively aired on Triller’s $2.99-per-month premium service. Later in the day, Swizz Beatz assured fans that the show would still be available on Instagram and other free platforms: “I was out of the country don’t ask me who did it,” he wrote with a laughing emoji. “It’s fixed.”
Jayye Michael Premieres ‘ Never Be ‘
Jayye Michael is truly a star on the rise who is slowly but surely making a name for himself in music. The Virginia native has been making some noise over the last few years as an social media butterfly with his viral TikTok videos and entertaining vlogs via his YouTube Channel. Now some of you might recognize him from some of those videos which featured his mother Coko the legendary lead singer of SWV, but there’s so much more to this triple threat who is ready to embark on his own career in entertainment. Growing up as a kid in a musical family, it was almost impossible for him not to be engulfed in music. So of course he started out singing in church like many of the greats but after not being able to fully showcase his voice as a singer he decided to pull back from singing with the Praise Team.
Now although he was a shy kid growing up, his personality always shined through which became more and more evident of his star power via his social media channels. As he slowly but surely continued to grow a fan base, many wondered if he would ever take singing serious after a few clips of him singing went viral. Most notably his appearance singing alongside his mom as millions watched him perform during the SWV & Xscape Verzuz. With all this new attention Jayye still had other plans in mind like modeling and further his education among other things. So as he set his sites on attending college across the country in Vegas, his growing fan base would have to wait just a little longer for the chance to hear from him.
Within time it was clear that Jayye truly wanted to give his all to music, so with the blessings of his family he returned home to do just that. The triple threat wasted no time working on his music and teaming up with producer Mykal Curtis for what is sure to be one hell of a debut project. He gave fans just a taste of what’s to come as he hit the stage at Portsmouth Pride for his first ever major performance of his single ‘Never Be’. The crowd immediately took to the rising star as he showcased his vocals and dancing skills like only a seasoned performer could. The support of his loved ones, growing fan base and the LGBTQ community proved to be the push he needed to go full steam ahead. Now he’s here with the release of his debut single which is sure to give true r&b lovers everything they’ve been missing. Listen to & download ‘Never Be’ as he gears up to release his highly anticipated debut project.
Jazmine Sullivan Shines At Essence Fest
Jazmine took the stage at night 2 of the festival. She revisited her entire catalog singing songs from Need You Bad to Hurt Me So Good! Check it out below!
03.25 – Latto – 777 (album)
03.25 – Kanye West – Donda 2 (All Platforms)
TBA – Cardi B – TBA
TBA – Monica – Trenches
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