Block B releases official statement + will not be working with Stardom Entertainment again
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The full statement reads:
Source: Newsen via Nate
First, we want to tell all the fans that love and support Block B that we are very sorry.
The court made their decision even though they accepted that about 430,000,000 KRW (approximately $385,000 USD) from the musical income and a part of the event income were left out. We believe this is because they wanted us to follow an official ruling that was decided after additional battles on the original lawsuit and thinking deeply about it.
For example, even though evidence was provided about the management contract on Japan's Bauhaus, they have mistakenly stated that it is difficult to determine if they had violated their management obligation because the contract was not submitted. There are other various decisions that the members cannot accept. One such example is saying that unlike the basic royalties paid in advance, the royalties paid in advance by LOEN Entertainment cannot be seen as income that should be paid to the members.
From this, we will be calmly fighting the original case to confirm the legitimacy of the contract nullification. We will be demanding responsibility from Stardom Entertainment of the violation of management obligation and violating the exclusive contract.
Also, the court decided, "The Block B members have fought over the status of the contract nullification while they independently promoted, so there is also a possibility that these promotions can be checked for legitimacy later."
This is because if the Block B members are blocked from promoting independently, it is violating our lawful right to work and our general right to freedom of action.
The Block B members have no intention to promote under Stardom Entertainment, so they will be preparing independent promotions. If the legitimacy of the contract nullification is not acknowledged in the original case, then we will be taking responsibility for the due damages.
We want to tell you again that we apologize for worrying our fans. The Block B members will be giving back to the fans' worries, love, and support by showing a more mature side.
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