Hook Entertainment released another statement regarding their conflict with Lee Seung Gi . They gave a rebuttal regarding reports that said they had not paid Lee Seung Gi's musical royalties for 18 years. Regarding this report, Hook Entertainment said that what was being talked about regarding royalty payments was incorrect.
His party emphasized that when the contract with Lee Seung Gi ended in 2021, they had clearly completed their payment obligations to the actor before extending the contract. "As we previously stated, we are currently collecting and organizing accurate material to answer evidence from Lee Seung Gi's legal representatives.
However, it is unfortunate that unconfirmed claims are circulating in the media," said Hook Entertainment. "When our exclusive contract with Lee Seung Gi ended in 2021, we signed a contract extension. Both parties checked the income payment documents and we completed the financial payment responsibilities at that time.
This was confirmed by Lee Seung Gi and a written statement was also made, " he continued. Even so, Hook Entertainment continued to examine in detail after Lee Seung Gi 's party sent a request for transparency of income which was smelled by the media. Management affirms that it will take responsibility and correct any errors that are later found in the investigation.
"Together with the experts, we are currently reviewing carefully the payment of large amounts of revenue to Lee Seung Gi. In addition, recently a media outlet revealed the contractual clauses between our company and Lee Seung Gi, including profit sharing, and others.
Their claims about us not paying, also for streaming digital music to Lee Seung Gi, are untrue news," said Hook Entertainment. "We plan to take responsibility and correct any mistakes in our work that we find after this. We apologize for not being able to show our positive side when trust is the most important thing to maintain the relationship between artists and companies," he concluded.
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