June 3rd, 2019


Prosecutors raid music-streaming firm Melon for alleged swindling of royalties

Korea’s biggest music-streaming firm Melon is being investigated on suspicions of swindling billions of won in music royalties, Seoul Eastern District Prosecutors’ Office said Monday.

According to officials, its cyber investigation unit raided Kakao M’s headquarters, which housed the music-streaming company’s former operator Loen Entertainment, located in Gangnam-gu, Seoul, on May 27.

Melon is suspected of setting up a paper company for diverting some 5 billion won ($4.23 million) that should have gone to copyright holders between 2009 and 2011, while it was still an SK Telecom subsidiary. SKT sold the streaming service to Kakao in 2013.

At the time, 54 percent of the streaming profit went to music copyright holders, with Melon keeping the remaining. In the process, the streaming service provider seems to have registered a phantom music label called LS Music to siphon off about 10 percent to 20 percent from the copyright holders’ portion of the royalties, the prosecutor’s office said.

Prosecutors are also investigating whether Melon had swindled copyright fees via alternate routes after 2011.

Kakao’s spokesperson Bang Ji-yeon told The Korea Herald that “while the alleged incident took place prior to Kakao’s acquisition (of Melon), as the service’s current operator, it will be fully committed to cooperating with the authorities.”

source: Korea Herald

melon stays robbing artists of their royalties money

The Return of Superman Ep 279

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Tiny little grandma Rawon is back, taking care of her little sis Raim. Also doing a good job of bossing her dad around lol. William and Ben receive raincoats, and William really wants to use them, even if it is sunny out. Ben gets left alone for a second, and goes searching for food, what else is new lol. Jooho takes Naeun and Gunhoo camping for the day. Naeun has no faith in her father putting anything together, and proves she's capable of protecting her brother.

source: KBS WORLD TV 1 2

BTS performs at historic sold-out Wembley concert: Day 1 report + Day 2 surprise

LONDON -- BTS on Saturday (local time) made history as the first Korean band to perform at the iconic Wembley Stadium, the largest concert stage in the UK, where legendary acts like Queen, Michael Jackson, The Rolling Stones, Beyonce and Adele have headlined.

The first of two sold-out concerts was attended by 60,000 fans, who sang-along, chanted, screamed and danced throughout the performance that lasted for 150 minutes. The group performed 24 tunes, including those from its “Love Yourself” series and latest chart-topping album, “Map of the Soul: Persona.”

Calling the venue a “dream stage,” the septet expressed excitement, joy and gratitude at being able to perform at Wembley as part of its ongoing world tour, “Love Yourself: Speak Yourself.”

BTS had initially planned to perform just one night in the British capital, but tickets had sold out within 90 minutes, prompting the band to add the second concert on June 2. In total, 120,000 fans will watch the two concerts.

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sources: Korea Herald, vminjoon, RMSQ94 1|2|3, GoldenCloset20, encting, BTS_twt 1|2