Agency ordered to repay partner
The Seoul Central District Court ruled yesterday that Stardom Entertainment, which represents the seven-member boy group, needs to pay 652.44 million won ($586,990) to Shownote.
The two companies signed a deal in September last year after agreeing to collaborate to hold Block B concerts at least twice each year for two years. Shownote gave the money to Stardom Entertainment on two occasions through October of last year. But the concerts were canceled after a conflict between Block B and Stardom Entertainment deepened over the terms of the contract.
Shownote terminated the deal with Stardom Entertainment and filed a lawsuit to get the money back. Stardom Entertainment reportedly filed a countersuit, claiming Shownote slandered another singer that it represented and demanded 30 million won in compensation.
By Moon Gwang-lip