Stardom Entertainment, Block B‘s agency, was ordered to return about 652 million won that concert production company Shownote paid the agency in plans to collaborate on a concert.
Both, Stardom Entertainment and Shownote, had planned to collaborate on a Block B concert in September 2012 and signed a contract defining the distribution of the show′s profits. Shownote paid Stardom 600 million won in prepayment for the concert, and about 52 million won in October 2012 to produce Block B′s showcase.
However, in January Block B decided to fill for the cancellation of their contract with Stardom, what made all plans for the concert useless and created a conflict between the two companies.
Shownote sued Stardom Entertainment for the return of its 600 million won and showcase fees after they notified the agency that their contract did not hold anymore.
In return, Stardom blamed Block B for refusing to hold the concert, and countered with a suit for damages, saying Shownote had done psychological harm to the agency by issuing press releases that attacked Stardom Entertainment head Cho PD.
The court ruled in favor of Shownote, explaining, “Even if the Block B members happen to wrongfully refuse to hold the concert, this is a problem that should be dealt with within the agency. The contract was broken legally, and Stardom has the obligation to return prepayments and showcase production fees to Shownote.”
Source: mwave
Article by: Karolina
Edited by: Alona
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