The CEO of Soulshop Entertainment, g.o.d‘s Kim Tae Woo, recently held a press conference and finally made a statement regarding the contract issues with Gilgun and Megan Lee.
He said, “I made a difficult decision. The things that are left in my life are my family and my company. In order to protect both, I′ve made a big decision. I brought you here to tell you what that is:”
“To get rid of the pain and hurt, I decided to terminate the contracts of the two singers that our company currently has conflicts with. Regarding the lawsuit with Megan Lee, the company will be withdrawing from it. For Gilgun′s case, the contract has already been terminated. There are certain situations that the company wanted that Gilgun did not want to accept. I plan on bringing the two sides together as soon as possible to get rid of all misunderstandings and find a middle ground to continue the steps toward contract termination.”
“I made the decision after thinking whether there were reasons to fight and go through this as my family and my wife gained negative attention instead of me.”
“Many people have been crticizing the family-run Soul Shop Entertainment. Around this time last year, our family was not involved with the company. But the company ran into financial troubles and it was something I decided on. For the first time since the company was founded, we saw a surplus last year. I understand how people are looking at us, but my wife and mother-in-law have not once regretted helping with the company when I asked. A lot of people are misunderstanding, but I run everything in the company. All the decisions made about the auditions and album promotions have been by me.”
Megan Lee had filed a termination to her contract in the end of 2014, alleging that the company was opposing to her Nickelodeon series “Make It Pop,” and had tried to make her seem blamed for skipping the rehearsals of her musical. She said to have been treated unfairly and mentioned that the family-run company was actually a very bad idea.
As for Gilgun, she had decided to terminate her contract with the company a while after Megan, as she had not been promoting for a long time and had nothing on her schedule. However, the company stated that she would have to pay a huge amount of money in order to do it, which made her take legal action to solve the situation.
With the termination of both contracts, it’s time for Kim Tae Woo and Soulshop Entertainment to start from the bottom and recover their good image. With this in mind, Tae Woo ended his statement by saying, “I′ll solve this well and make a company that will create better music and better artists.”
This is another unfortunate misunderstanding from 2014 that comes to an end, and it’s relief that despite all the issues, it ended up in a peaceful way and both sides will have the chance to move on.
Stay tuned for more news.
Edited by: Laura Dees
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