110905 JYJ’s Agency Faces A Lawsuit, “Give Back Our One Billion Won Prepayment”

The agency of popular idol group JYJ, who left TVXQ to form a new group, have been swept up in a lawsuit over one billion Won in album production costs.

According to the Seoul District Courts on the 5th, the production company Asia Bridge Contents has filed a lawsuit against JYJ’s agency C-JeS Entertainment for proper income division and a return of one billion Won in production costs.

Asia Bridge Contents stated, “Last February, we signed an album production contract with popular composer Mr. K who was in a music joint-production contract with C-JeS Entertainment at the time,” and “Following the contract, we provided Mr. K with one billion Won over a span of four payments from March till April in 2010.“

They continued to state, “JYJs album was met with an explosive response, even before it was released and through this, we believe that C-JeS Entertainment earned a great amount of profit,” and “But C-JeS Entertainment began interfering with Asia Bridge Contents’ participation in the business and did not repay the one billion Won we paid in advance.“

Asia Bridge Contents added, “We have the right to receive 18% of the profit JYJ received from album sales as well as the money we paid in advance,” and “We do not know the exact amount that C-JeS Entertainment earned in profits so for now, we’ve sued for the one billion Won we paid in advance.”

Source: [star mt]
Translated & Shared by: dongbangdata.net