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Posted by -1 pt Tuesday, March 2, 2010

SM Entertainment stops doing business with Mnet

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allkpop

SM Entertainment has announced that they will stop providing music to Mnet due to the media giant's breach of contract. Official statement on SME's website stated,

"SME has been discussing Mnet Media in regards to the renewal of a contract on music distribution as the contract term was about to end. However, we found out that Mnet Media had breached the contract by providing content created by SME on their websites without our consent over a lengthy period of time. This is a clear breach of contract which happened without any notification or explanation to SME. SME has been providing content to Mnet Media, but due to such circumstances, we believe that it is difficult to continue business relationship when trust is lost, so we have decided not to renew our contract."
Mnet.com noted on their website about the matter and said,
"We are trying our best for music distribution to continue through constant discussion."
As of March 2nd, all SM-related material has been removed from Mnet's database. Mnet and SME have not been on good terms lately, and this will no doubt worsen their relationship. Stay tuned to allkpop as the case develops.

  1. MNET
  2. SM ENTERTAINMENT
  3. MNET MEDIA
  4. SME
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