The court recently ruled that JYP Entertainment, Rain’s former agency, is responsible for not fulfilling their contractual obligations regarding Rain’s fifth EP.
On November 11, the Seoul High Court ruled that JYP Entertainment has to pay 50 million won to an undisclosed contents company.
JYP was supposed to have copyright and concert ticket rights while the undisclosed company was supposed to receive DVD and tour product rights and the two companies planned to split the proceeds.
The court, however, ruled, “Since JYP didn’t fulfill their contractual obligations, the undisclosed company is undergoing hardships. As a result, JYP has been ordered to pay 50 million won in compensation.”
The undisclosed company was established to provide content business for Rain’s fifth EP showcase, which was released in 2008. They signed a contract with JYP in October of the same year.
- Source: Starnews
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