Dispatch Reveals the Root Problems of Conflict Kang Daniel Against LM Entertainment - Dispatch Discusses More Details About Kang Daniel's feud and LM Entertainment's agency. Lawyer Kang Daniel Provides the Following Response.
Dispatch released an exclusive report on the conflict, Kang Daniel with LM Entertainment, which is getting hotter. Media subscribers who revealed the celebrity dating scandal revealed the interference of a Hong Kong business agent, a woman named "Seol".
According to the Dispatch report, the root cause of the conflict is a joint contract agreed upon by LM Entertainment and MMO Entertainment. Previously the former member of the Wanna One lawyer mentioned the joint contract.
"The core rights of an exclusive contract, including the right to produce and distribute music content, concert rights and international business, and negotiating rights regarding activities (Kang Daniel) in the entertainment industry, will be exclusively given to third parties (MMO Entertainment)," explained the lawyer Kang Daniel.
LM Entertainment called Kang Daniel and his mother already aware of the business partnership between them and the MMO. In addition, MMO does not have the power to run any business without LM Entertainment's approval, CEO Gil Jong Hwa and Kang Daniel himself.
"MMOs must respect the opinions of agencies and artists when exercising their rights and planning business. When planning and promoting new albums, concerts and entertainment activities, they must be approved in advance by the agency and Gil Jong Hwa," read Article 3 of the contract.
"MMO gives agency exclusive rights for various tasks including planning, production, promotion of artist entertainment industry activities in connection with the third clause of Article 3," read Article 4.
In short, MMO Entertainment invests 1 billion Won (around Rp. 12.5 billion) in LM Entertainment every year. LM gives negotiation rights to MMOs, while management rights belong to LM Entertainment.
For example, the MMO proposed a fan meeting with CJ ENM. But the conditions offered by CJ ENM did not satisfy LM. As a result, MMOs must follow LM and sign a fanmeeting contract with another company such as "T". MMO does not have the power to contract a fan meeting without LM and Kang Daniel's approval. The profit sharing ratio is 10 percent for MMO Entertainment, 40 percent for LM Entertainment, and 50 percent for Kang Daniel.
Based on the conversation exchanged between "Seol" and the director of LM Entertainment, Dispatch suspects that "Seol" is eyeing "Won" money, an M & A expert who has played a big role in various businesses in the entertainment industry. "Won" has a relationship with YG Entertainment and M & A YG PLUS. He earned at least 10 billion Won (around Rp 125 billion) through YG PLUS. In addition, he led J.Tune Entertainment's back door list in 2010. In 2018, he was charged with suspicion of manipulating the share price of a company called Homecast.
"I don't know who Kang Daniel is. I have no plans to invest in the entertainment industry anymore. I hope this can be done well," said "Won" when asked by Dispatch.
Interrogation for Kang Daniel's request for an order to terminate his exclusive contract will be held on April 5 in Seoul Central District Court. "We do not plan to release separate statements or press releases regarding reports from this morning. We will not respond to any claims made by other parties," said Kang Daniel's lawyer, Yeom Yong Pyo.
"The main problem in this conflict is whether LM Entertainment sold Kang Daniel's exclusive contract rights to third parties. We hope that everything will be revealed at the interrogation on April 5," he concluded.
Source: wowkeren.com
Dispatch released an exclusive report on the conflict, Kang Daniel with LM Entertainment, which is getting hotter. Media subscribers who revealed the celebrity dating scandal revealed the interference of a Hong Kong business agent, a woman named "Seol".
According to the Dispatch report, the root cause of the conflict is a joint contract agreed upon by LM Entertainment and MMO Entertainment. Previously the former member of the Wanna One lawyer mentioned the joint contract.
"The core rights of an exclusive contract, including the right to produce and distribute music content, concert rights and international business, and negotiating rights regarding activities (Kang Daniel) in the entertainment industry, will be exclusively given to third parties (MMO Entertainment)," explained the lawyer Kang Daniel.
LM Entertainment called Kang Daniel and his mother already aware of the business partnership between them and the MMO. In addition, MMO does not have the power to run any business without LM Entertainment's approval, CEO Gil Jong Hwa and Kang Daniel himself.
"MMOs must respect the opinions of agencies and artists when exercising their rights and planning business. When planning and promoting new albums, concerts and entertainment activities, they must be approved in advance by the agency and Gil Jong Hwa," read Article 3 of the contract.
"MMO gives agency exclusive rights for various tasks including planning, production, promotion of artist entertainment industry activities in connection with the third clause of Article 3," read Article 4.
In short, MMO Entertainment invests 1 billion Won (around Rp. 12.5 billion) in LM Entertainment every year. LM gives negotiation rights to MMOs, while management rights belong to LM Entertainment.
For example, the MMO proposed a fan meeting with CJ ENM. But the conditions offered by CJ ENM did not satisfy LM. As a result, MMOs must follow LM and sign a fanmeeting contract with another company such as "T". MMO does not have the power to contract a fan meeting without LM and Kang Daniel's approval. The profit sharing ratio is 10 percent for MMO Entertainment, 40 percent for LM Entertainment, and 50 percent for Kang Daniel.
Based on the conversation exchanged between "Seol" and the director of LM Entertainment, Dispatch suspects that "Seol" is eyeing "Won" money, an M & A expert who has played a big role in various businesses in the entertainment industry. "Won" has a relationship with YG Entertainment and M & A YG PLUS. He earned at least 10 billion Won (around Rp 125 billion) through YG PLUS. In addition, he led J.Tune Entertainment's back door list in 2010. In 2018, he was charged with suspicion of manipulating the share price of a company called Homecast.
"I don't know who Kang Daniel is. I have no plans to invest in the entertainment industry anymore. I hope this can be done well," said "Won" when asked by Dispatch.
Interrogation for Kang Daniel's request for an order to terminate his exclusive contract will be held on April 5 in Seoul Central District Court. "We do not plan to release separate statements or press releases regarding reports from this morning. We will not respond to any claims made by other parties," said Kang Daniel's lawyer, Yeom Yong Pyo.
"The main problem in this conflict is whether LM Entertainment sold Kang Daniel's exclusive contract rights to third parties. We hope that everything will be revealed at the interrogation on April 5," he concluded.
Source: wowkeren.com
