A representative of SM Entertainment said on February 21st, “Mnet.com which is operated by Mnet Media had conveyed their apology to SM Entertainment for distributing music without our approval and they have also promised to prevent the recurrence of such actions. Mnet.com’s determination and effort to restore trust among the two sides had led to a mutual agreement”.
The representative added, “We have decided to resume the supply of our music to Mnet.com in order to provide music consumers with more convenience and enjoyment and at the same time, enhancing the online music market. In the future, we plan to work closely with Mnet Media on various music business related matters”.
Credit:nate.com/Money Today + Allkpop
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