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SM Entertainment has recently announced that they will not be providing Mnet with its music source in the future.
There was an announcement posted on SM Entertainment official homepage on 2nd March with the title “Official stand regarding discontinuation of music source provision to Mnet”
In the announcement it was stated, “It has been confirmed that Mnet, with whom we have been discussing of long-term music source provision early this year, has violated the contract with our company. They were found with unauthorised use of SM contents on the ASP sites under Mnet.com and Mnet Media.”
It was added, “That was also no notice or explanation from Mnet about this. All this while, SM has been providing its contents to Mnet Media based on mutual trust. With that it will be hard to continue the business dealings which is based on good faith, and we have decided to give up on the contract with Mnet Media.” explaining the reason why songs by SM singers will not accessible via Mnet.com.
In fact, if one is to click on the song ‘Oh!’ by So Nyeo Shi Dae currently up #1 on Mnet realtime chart, a notice will pop up saying “We are currently in the midst of consulting on contract to using this music source. We will work hard to resume the service.”
S:Starnews
Credits: Kbites
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