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Stardom Ent. Denies Block B′s Claims Regarding Its Contract

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2013.01.04 18:31 Mwave Park, HyunMin Translation Credit : Erika Kim

After it was reported that Block B filed for a cancellation of its contract with Stardom Entertainment, the agency has stepped forth to deny the claims made by the group and explain its circumstances.

According to the petition from Block B, Stardom Entertainment did not provide the balanced profits it promised to pay every month on the 25th for about a year from April 2011. It added that the group had never been paid for its OST and fanclub activities, and that the agency′s head had disappeared after receiving 70 million won from the members′ parents.

Stardom Ent. Denies Block B′s Claims Regarding Its Contract

Stardom Entertainment issued an official press release on January 4, denying the accusations.

About the failure to pay the group, it started, "They were paid in full," then added, "The exclusive contract states that when profit should occur then it should be distributed every month on the 25th, but from the group′s debut on April 2011 to October of the same year, there was no profit, so we couldn′t make the payments."

It also added that with consent from the members′ parents on March 2012, they had changed the payment dates to once every three months, and that everyone had agreed to the change.

About the man who disappeared after receiving 70 million won, it said, "A man whom we had hired as a manager pretended to be the head of Stardom Entertainment, forged nameplates, swindled money from a few members and then went into hiding. We learned of this later on, but we had hesitated on taking legal measures in case it would bring harm to Block B."

It added that the man had been sued by another victim and so was on the police′s wanted list, and that it hoped the man would be brought to justice soon.

The agency then added to the controversy, saying that Block B′s complaint was mostly centered on their not being able to appear on television and that there was a mastermind leading the members to go against their agency.

It stated that the problem with their televised appearances mostly occurred when the group was lying low after the Thailand flood controversy, and that the mastermind behind the case was driving a wedge between the group and its agency after cutting them off from each other using the financial issues.

It finished, "We promise to work hard to take care of the misunderstanding between us and Block B, and come to an agreeable conclusion."

Photo credit: Hea Jung Min

Reach reporter Park HyunMin on Twitter @happygato!

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