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 creator economy,” Deadline reports.
'Biggest Creative IPO Of All Time'
Swizz Beatz and Timbaland shared their excitement on Friday, Jan. 7. The music moguls posted an image on their Instagram page featuring 63 celebrities including Gladys Knight, Rick Ross, 21 Savage, and Ashanti, who have plans to join the initial public offering (IPO) once it drops on the market. The IPO is not only ambitious but is said to be the “biggest creative IPO of all time.”
“By the artist for the artist with the people ⚡️ It’s always been our dream to go Big with the creatives 🙏🏽 This will be the Biggest creative IPO in History !!!!! You’ve never seen this many creatives apart of the Bigger picture ! But now it’s a new day we will see you all at the BELL🔔 #trillerverz @verzuztv @triller (THIS IS ONLY PT 1 OF THE LIST PT 2 &3 IS COMING )!!!!! I tried to tag everyone but insta only let me do 20 🤷🏽♂️😂⚡️ Let’s go 2022……We’re going public,” Swizz Beatz said on Instagram.
Just one day later, Swizz and Timbaland dropped part two of industry creatives who will be tapping into the IPO. The list featured 56 additional entertainment leaders including Charlamagne tha God, Juicy J, Tyga, Jill Scott, and Ne-Yo, among others.
“Pt 2 of the creative owners names in #TrillerVerz Let’s make some History let’s go Ring the Bell. This biggest creative public offering in History !!! By the artist for the Artist with the people !!! List 3 coming soon,” Timbaland wrote on Instagram.
When the deal earns its stamp of approval, Triller CEO Mahi de Silv and Peter Aquino, president and CEO of SeaChange, will be the heads of the TrillerVerz executive team, Revolt TV reports.