Jo Sungmo Being Sued For $2.7 Million USD by S-Plus Entertainment

[miuratenshi.livejournal.com]

Singer Jo Sung Mo (35) has recently been caught in a lawsuit dispute with his agency for failing to comply with his exclusive contract.

According to the Seoul Central District Court on February 18th, S-Plus Entertainment stated, “Jo Sung Mo failed to fulfill the conditions in his exclusive contract, and instead carried out his own personal activities,” and they filed a $2.7 million USD lawsuit for damage compensation.

S-Plus Entertainment continued, “Jo Sung Mo signed a $90,000 USD exclusive contract with the agency in 2009. However, ever since he received treatment in the hospital for his injury from KBS’s ‘Dream Team‘ last year, our communication with him got disrupted.”

“Without the agency’s consent, Jo Sung Mo participated in four events between October and November of last year, and also released two albums by himself. He violated the terms of the contract, which stated that he would release three albums in Korea and six albums in Japan.”

With regards to their lawsuit, S-Plus Entertainment stated, “We demand him to pay $2.7 million USD for compensation. Also, $1.3 million USD went towards Jo Sung Mo’s activities thus far. This will be demanded later on.”


Source: allkpop and Star News via Nate

Shit just got real for Sungmo. ;__;

Comments

[crypticbluerose.livejournal.com]

uh...daymn

[mimoiikit143.livejournal.com]

OH! SNAP.

[bumie.livejournal.com]

oh uh , well he shouldn't do that

[ghina93.livejournal.com]

well shit. is there some lawsuit virus going around korea or something o_o

[831panda831.livejournal.com]

$2.7 million USD ... dayum

[jlie-ly.livejournal.com]

Kpop new trend is lawsuit.

[paper-berries.livejournal.com]

serious biz, but i lul'd.

[callmeliyah.livejournal.com]

well shit o_o I forgot this guy existed.

[lapetite-indigo.livejournal.com]

That sucks for him, but did anyone else look at $90,000 for 3 Korean albums and 6 Japanese albums and wonder why he signed that contract?

[toomanysides.livejournal.com]

I assumed it was some sign on bonus? like the exclusive part is 90k, but he still gets paid for albums sales and other normal activities

[lapetite-indigo.livejournal.com]

ahh, that does make sense

[kalemeh.livejournal.com]

lol....i don't fault these companies for making their artists honour the contracts they sign...but I can't help but laugh at them when the begin requesting sums of money the artist probably doesn't have...mainly because of the marginal royalty allocations within the said contracts...

it's just stupid..

[xfactorglory.livejournal.com]

Ummm...why didn't they just interfere when he tried to release the first album?

[rosamajalis.livejournal.com]

Oh you. They wouldn't have been able to sue for deliciously large sums of money if they did that, silly.

But yeah, mte.

[xfactorglory.livejournal.com]

LOL Guess logic really has no place in kpop >~>

[cairistiona.livejournal.com]

NOOOOO NOT MY BB SUNGMOOOOO. ;_________________; WAE SUNGMO WAE. I wonder which two albums they were? Thank You and Sungmo, Meet Brave?