Korean talent agencies hold more power than talent

« Vanessa Hudgens, Ashley Greene threaten legal action over nude photos | Main | Spinal Tap relents, removes Lego video from DVD »

Korean talent agencies hold more power than talent

Tue Aug 11, 2009 @ 12:04PM PST

By Eriq Gardner

TVXQThere's been a wave of client defections at Hollywood agencies lately, as diminishing star salaries have caused talent develop wandering eyes.

If things get too rough for agents, there's always Korea.

According to The Korea Times, contracts requiring stars to remain under an agency's wings for up to 13 years are standard in the entertainment industry there. Currently, Korean pop group TVXQ is leading a charge against so-called "slave contracts," suing their agency, SM Entertainment, in hopes of revising their contract and getting better profit participation. 

The country doesn't seem to have anything similar to California's Talent Agencies Act, limiting the power of agencies over talent here, although the Korean government is attempting to get involved. The Fair Trade Commission is recommending a standard contract for artists and agencies. 

Socialism? There's probably a better chance of health care legislation being passed than that happening here, regardless of what some in town might like.

TrackBack URL for this entry:

Listed below are links to weblogs that reference Korean talent agencies hold more power than talent:

The Hollywood Reporter
The Hollywood Reporter, Esq. blog focuses on how the entertainment and media industries are impacted and influenced by the law. It is edited by Matthew Belloni with contributions from veteran legal reporter Eriq Gardner and others. Before joining The Hollywood Reporter, Belloni was a lawyer at an entertainment litigation firm in Los Angeles. He writes a column for THR devoted to entertainment law. Gardner is a New York-based writer and legal journalist. Send tips or comments to [email protected]

The Hollywood Reporter
Contact: Patrice Atiee at 323.525.2014 or [email protected]

The Hollywood Reporter is Your Complete Film Resource

The columnists and bloggers who write for The Hollywood Reporter have their collective finger on the pulse of the boxoffice. Martin Grove and the other THR columnists deliver their thoughts on the film industry in an uncompromised style. Subscribe to THR today and get the latest views from these film experts and get the latest movie reviews as well.