The entertainer loses a lawsuit and is forced to pay up.
Popular MC Boom recently lost in a lawsuit brought up by his former agency, The Show Entertainment. As a result, he now has to fork up a sum of 468 million won (about $375,000) in losses to the company.
Boom originally signed a five-year contract with the company back in 2005. Sometime last year, however, he terminated his contract, citing that the contract had some pretty unfair terms, including unfair distribution of profits from his album sales. A few months later, in December, The Show Entertainment filed a lawsuit against Boom for unilateral termination of contract on his part.
Unfortunately for Boom, the court didn’t have enough evidence to confirm this claims and as a result, couldn’t acknowledge his reasons for terminating his contract. He was then ordered to pay the company for their losses.
What’s up with all these celebrities signing unfair contracts? I know the lures fame and fortune can be enticing, but do yourselves a favor and read the fine print!
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