Timbaland and Swizz Beatz have settled their lawsuit with Triller. In August, it was reported they were suing the service for $28 million, which they said they were owed following the sale of their popular Verzuz series, which they sold to the platform in March 2021.

The terms of the settlement were not announced, but “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," Variety reports.

Swizz and Tim said they were happy they came to an agreement.

“Verzuz has always been a platform that is by the artists, for the artists and with the people,” the two producers said in a statement. “We’re glad to come to an amicable agreement with Triller and continue giving fans the music and community that they’ve come to know and love from the brand.”

Promises that the popular series will continue were also made, which is particularly notable because Hip-Hop mainstays like Jadakiss and Styles P threatened to boycott if the legendary producers weren't paid. "Verzuz and Triller will always be a safe place and outlet for creators and their art. Nothing will change that,” said Bobby Sarnevesht, Triller’s executive chairman and co-founder. “Creators started this and will continue building it. This is a victorious moment in the Triller and Verzuz relationship as we march together toward the public markets. Stay tuned.”    

So far, six Verzuz challenges have aired so far in 2022, with the most recent being when Luny Tunes and DJ Nelson competed back in July. According to the joint statement, “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.”