Timbaland and Swizz Beatz settle a missed payments lawsuit with Triller after Triller acquired their music series Verzuz in March 2021; terms were not disclosed (Chris Willman/Variety)

Kristin Robinson / Billboard:
Triller removes music catalogs for UMG, WMG, Sony Music and Merlin after Sony filed a lawsuit claiming Triller failed to make payments worth “millions”  —  Following Sony’s lawsuit, one label source says “millions” in unpaid royalties are the issue.  Triller denies this, saying the app is “reassessing” label deals.

Jem Aswad / Variety:
YouTube says Music and Premium together have 80M+ paying subscribers, up from 50M in September 2021, and payments to creators and others reached $50B since 2019  —  It’s a dramatic leap, especially for a platform where so much can be had for free, and would seem to place YouTube …

Ernesto Van der Sar / TorrentFreak:
Quentin Tarantino and Miramax settle their copyright infringement lawsuit over Pulp Fiction NFTs and say they may collaborate on more NFTs  —  Quentin Tarantino and Miramax have settled their copyright infringement lawsuit over the “Pulp Fiction” NFT project.

Eileen AJ Connelly / The Wrap:
Short-form video app Triller raised $310M from Global Emerging Markets ahead of its IPO, but does not need to draw the full sum; Triller claims 350M+ downloads  —  TikTok rival Triller said Thursday it will receive an investment of up to $310 million from Global Emerging Markets …

Danny Nelson / CoinDesk:
Huobi, a top-10 crypto exchange by trading volume, has agreed to be acquired by Hong Kong-based About Capital; terms of the deal were not disclosed  —  The terms of the deal were not disclosed.  —  Crypto exchange Huobi Global, one of the biggest token trading outposts in the Asia markets …

Jem Aswad / Variety:
YouTube says it paid over $6B to the music industry between July 2021 and June 2022, up $2B YoY, and that user generated content drove more than 30% of payouts  —  YouTube, the world’s largest streaming platform for music, announced that it has paid more than $6 billion to the music industry …