110905 C-JeS Says, “One Billion Won Lawsuit? This Has Nothing To Do With JYJ, Only The Composer Mr. K”

“This has nothing to do with JYJ. We’ve never received any investments or documents for the album’s production costs. Everything has to do with the composer Mr. K.”

The agency of JYJ, an idol group whose members are from TVXQ, has released an official statement on the lawsuit against them and stated, “We are baffled and on a false charge.”

Through a phone conversation with Newsen, a representative of C-JeS Entertainment stated on the 5th, “We read the article that stated that there was a lawsuit filed against us, and we’re extremely baffled by it. In other words, this whole thing is ludicrous. The charges have nothing to do with us, and we’ve never received any investments or documents for the album’s production costs.“

The representative added, “We are currently consulting the case with our lawyer but as no documents on the issue were passed between the two sides, we have not yet decided how to tackle the situation.”

According to the Seoul District Courts, the production company Asia Bridge Contents signed an album production contract with the popular composer Mr. K last February and paid him one billion Won in advance across four payments from March till April. But Asia Bridge Contents has filed the lawsuit against JYJ’s agency in order to retrieve their one billion Won in advance payment.

To this JYJ’s representative emphasized, “This has nothing to do with us but they’re demanding that we pay them back for the advance payment. This is ludicrous. We never received any advance payment from Asia Bridge Contents and this lawsuit should be against the composer Mr. K.”

Source: [newsen]
Translated & Shared by: dongbangdata.net

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