Mnet Media is still trying to reach a compromise with SM Entertainment, after SME had publicly announced that they will stop doing business with Mnet. Back in February, SME had publicly announced, "We will not renew our contract with Mnet.com," on their homepage. In response to what they had wrote, SME had stated, "It has been confirmed that the ASP sites that are run by mnet.com, as well as Mnet Media, have released SM contents without our knowledge. This is a clear breach of contract which happened without any notification or explanation to SME." However, on the 16th, a representative of Mnet Media spoke with Star News via phone and revealed, "The department in charge is under negotiations in order to continue their contact with SM Entertainment. The songs by SM Entertainment artists are still not available on Mnet.com." Conflictions between Mnet Media and SME seem to have died down and a compromise between the two companies seems to be near. But since Mnet is such a big contributor to artists' album/song sales, hopefully an agreement will be made asap before March 22nd. We don't want this conflict to affect SNSD's fame and album sales.
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Posted by 3 pts Tuesday, March 16, 2010
Mnet Media and SME are still negotiating
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