~$15 million in royalties found to be owed to producers/artists by distributors #SornImpact

Around $15 million dollars in royalties was revealed to be owed to producers and artists by four digital music distributors: Melon, Genie, Bugs, and Mnet.

Cho Seung Rae of the Education, Culture, Sports and Tourism Committee in Korea’s National Assembly recently made an announcement after examining documents from an inspection conducted by the Ministry of Culture, Sports and Tourism. He stated, “The unpaid royalties and neighboring rights royalties owed to music creators and performers by the ‘Big Four Digital Music Distributors’ amounts to 17.4 billion won during the period from 2014 to the first quarter of 2017.”

Cho Seung Rae stated that this issue of unpaid royalties has been brought up continuously in the past, but that the government hasn’t been able to prepare countermeasures and that the companies have not put effort into solving the problem.

I’m not saying Sorn did this shit … but Sorn did this shit.



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