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Back in September 2022, what were initially trials and tribulations turned into triumphs. As previously reported by AfroTech, Timbaland and Swizz Beatz reached a settlement agreement with Triller over the Verzuz acquisition. The turn of events came after the music legends sued the company for $28 million for a breach of contract.
If a theme song was needed for what’s happening with the popular music platform, Verzuz, then cue Dr. Dre’s “Next Episode.” In a recent development from Swizz Beatz and Timbaland, all is not copasetic with the folks at Triller. The musical duo has sued the social media app for breach of contract to the tune of $28 million.
Former president and COO of Beyoncé’s Parkwood Entertainment, Steve Pamon, has secured a new position. According to a press release, Verzuz and Triller have appointed Pamon as the President of Verzuz. Under the new title, the executive will oversee the operations of global business including go-to-market and production. In addition, Pamon will manage logistical operations for Verzuz such as contracts, sponsors, venues, programming, live events, and partnerships. “Steve is the proverbial triple threat. His exceptional track record and reputation across Parkwood Entertainment, the NFL, and HBO, delivering global entertainment innovation, and his devotion to respect and lift culture makes his stewardship of the Verzuz brand the perfect match,” Triller CEO Mahi de Silva said in a press statement. “Verzuz is a cultural phenomenon and Steve’s leadership is a perfect complement to Swizz Beatz and Timbaland, who continue to curate the iconic Verzuz events. Steve will accelerate the Verzuz...
Verzuz has held it down for the culture since its debut in 2020. Created by legendary record producers Swizz Beatz and Timbaland , Verzuz has continued to soar in popularity, and at one point, it even amassed over 136.5 million views for the music showdown battle between Brandy and Monica. Now Verzuz is leveling up on the financial side. Verzuz via Triller has plans to become a publicly-traded company on the stock market. Deadline reports, the deal will be made possible due to a reverse merger with SeaChange. Once the deal is finalized, “TrillerVerz” will become the new face and will be valued at an impressive $5 billion. TrillerVerz will trade under the ticker symbol ILLR on the Nasdaq. The merge will accomplish a shared goal to become “a leading AI-powered social media platform for content, creators & commerce,” and to “create a leading voice on the Web3.0 movement and embrace the power of decentralized systems to enable greater participation in the multi-hundred billion dollar...
When Megan Thee Stallion announced she was going back to school, fans of the Hip-Hop superstar were shocked at the announcement. After all, what would be the need for her to go back to school when her career on the charts was in full swing? But, as AfroTech previously reported, that’s exactly what she’s doing. She’s attending Texas Southern University as of this writing and plans to finish her degree in healthcare administration. Additionally, she’s making it easier for other Black women to go to school to pursue their dreams: in addition to making a huge donation toward a full-tuition, four-year scholarship to attend the Roc Nation School of Music, Sports, and Entertainment at Long Island University (LIU), she’s opening up her own healthcare facility for recent graduates to work at, as well. “Come and get your experience over here,” Megan told Glamour. “Generations taking care of generations, making people feel like they are still at home, still with their families.” But Megan Thee...
Triller continues to pledge its support for Black creators. In a press release, the company announced its Assembly for Black Creators, an initiative that will bring together more than 250 Black content creators and major brands — including Popeyes and Hallmark — with an overall goal of helping the parties form relationships to create branded content. “We started this effort with a deep appreciation of the huge impact Black Creators have had on culture and content around the world. With this series, we are catalyzing the need for brands, agencies, and media properties to invest in Black creators and media owners,” said Mahi de Silva , CEO of TrillerNet, parent company to Triller, Verzuz, Amplify.ai, and other media brands in an official statement. “Events like the Assembly for Black Creators are essential for pushing important industry-wide change, as it is scalable and repeatable, deploys spend directly to individuals and brands, and helps create a thriving ecosystem of media,...
This is where music and technology intersect! Timbaland’s Beatclub is set to become the first music-tech startup to be invited to join the IBM Hyper Protect Accelerator, a mentorship program dedicated to providing startups with data protection, privacy, and security solutions while pushing for advancement in the startup ecosystem. The premier global marketplace for music creators was co-founded by legendary producer, Timbaland, alongside his longtime manager, Gary Marella. “At Beatclub we leverage the hyper ledger fabric and smart contracts to underpin all of our business processes and transactions across our marketplace,” said Eric Czar , Chief Technology Officer at Beatclub, in an official press release shared with AfroTech. “Our participation in IBM Hyper Protect Accelerator will enable us to continue our development work as we automate the self-executing license terms for our music products and enable all of our transactions to be fully transparent and trackable, all while...
In 2010, Swizz Beatz announced that “they’re mad because I’m hood rich” on Lloyd Banks’ hit track, “Start It Up.” The runaway hit, which was on the G-Unit rapper’s “Hunger for More 2” album, was just the latest in a string of hits for the man born Kasseem Daoud Dean. Though he was, at that point, mostly known for his work with the Ruff Ryderz, Swizz Beatz managed to land himself on the 2013 Forbes list of the Top 20 Highest Paid Hip-Hop Artists (coming in at No. 17 on the list). At that point, he’d had $8.5 million in net worth, and the outlet took great pains to note that he wasn’t as popular as his wife, Alicia Keys. But today, Celebrity Net Worth reveals that Dean’s combined net worth with Keys’ is a whopping $150 million. Between 2007 and 2019, Swizz Beatz made a respectable $145 million in salary. But in addition to all of his business ventures and music successes, Dean and Keys have invested in real estate. They own a $12.1 million mansion in Englewood, NJ, which they bought...
Verzuz’s impact continues to remain supreme! According to The Hollywood Reporter (THR) , during a celebration of the culture’s most innovative creators, Swizz Beatz, co-founder of the virtual battle series that continues to be a smash hit, received the Icon Award. “I always knew that when creatives celebrated each other it would work, when two creatives get together instead of being in competition and pitted against each other — although it is called Verzuz , it’s still a celebration,” said the “Party Up” producer during his acceptance speech. Following the ceremony, the legendary producer gave insight on why he and his Verzuz partner, Timbaland, made the decision to sell the platform to TrillerNet, the parent company of the global AI-powered short-video app Triller. He explained that the two will become TrillerNet shareholders as a part of the deal and will split part of their stake in the company among the 43 artists who have performed on Verzuz thus far. Swizz Beatz also...
Verzuz is coming up on its one-year anniversary, so now is the perfect time for the groundbreaking livestream music platform to take it to the next level. In an exclusive from Billboard, the outlet shares that co-creators and Grammy-winning producers Swizz Beatz and Timbaland have joined the Triller management team in an equity deal where the network — also the parent company of the Triller app — has acquired Verzuz. Verzuz, the livestream platform created by @THEREALSWIZZZ and @Timbaland , has been acquired by @Triller 's parent company https://t.co/qv5dFUhEIO — billboard (@billboard) March 9, 2021 “There is no more disruptive and innovative brand in music today than Verzuz,” said Bobby Sarnevesht — executive chairman and co-owner of Triller — in a reported statement. “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...