Tuesday, August 4, 2009

[TRANS] 090803 SM Entertainment's Side

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B/c I have works to do (I am still at work place btw), so please bear with my rough translation.

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SM ent assigned a lawyer for TVXQ dispute case and this is what they are insisting.

1. About no profit given if albums are sold less than 500,000.

"Since their debut, TVXQ has earned 11 billion (pre-paid: 1.77 billion / later paid: 9.2 billion) in cash, and SM has provided the expensive cars which is not part of the original contract (I think they are talking about their moving vans) and so on, but SM has been in the red for last 4 years."

2. About distrubution ratio issue

"Such distribution ratio might vary depending on the types of events, CF, and others, but why Sejong Law firm only pointed out the profits made by selling albums?"

3. Making a negotiation on hard schedule

"This is all agreed by members, and we have been negoating the schedule with members so members can take care of their healths."

4. Others

"We would like to end this case as soon as possible, since we do not want the fall of TVXQ."

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OK so this is pretty much about it. It was on the air at the MBC news at 9 PM.

Another thing is, the lawyer employed by SM is from the top law firm in Korea. (which is very powerful) In fact, the lawyer assigned by 3 boys is from the top 3 law firms though.


Source: starnews
Rough translation: forsake34 @ LJ
Shared by: OneTVXQ.com { One World. One Red Ocean. One TVXQ! }
Shared by: ♡ 주문 ♥ DBSK sanctuary

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