Triller said Tuesday it acquired online music platform Verzuz, as it expands its partnership with prominent music artists. Under the deal, Verzuz’s creators, music artists Timbaland and Swizz Beatz, will become shareholders in Triller’s L.A.-based parent company, Triller Network. Timbaland and Swizz Beatz gave a portion of their equity stake to 43 performers who have participated in Verzuz, including John Legend, Alicia Keys and DMX. Advertisement“There is no more disruptive and innovative brand in music today than Verzuz,” said Bobby Sarnevesht, Triller’s executive chairman, in a statement. Last month, Triller was at odds with Universal Music Group, which accused Triller of withholding payments from artists, causing it to pull its music from the app.

Source: Los Angeles Times March 09, 2021 20:37 UTC