[Full text] “BTOB” ends exclusive contract with CUBE Entertainment

CUBE Entertainment has announced that the exclusive contract with boy group BTOB will end.
On the 6th, CUBE Entertainment announced through their official position, ``Our company is BT
Ahead of the expiration of the second exclusive contract with ``OB'', we held careful discussions with the members for a long time, and as a result, we decided not to conclude any further contracts based on mutual agreement.''
On the other hand, "BTOB" debuted in 2012. After that, with the expiration of the Exclusive Contract for the first time in 2018, CUBE Entertainment announced that they wanted to keep their promise to their fans.
All members have renewed their contracts. Below is the full text of CUBE Entertainment's official position. Hello. This is CUBE Entertainment.
We would like to inform you of the official position regarding the future activities of "BTOB". Ahead of the expiration of BTOB's second Exclusive Contract, we have been carefully working with our members for a long time.
As a result of our discussions, we have decided not to enter into any further agreements by mutual agreement. With this, CUBE Entertainment and ``BTOB'' Seo Eun-kwang, Lee Min-hyuk,
Lee Chang-seop, Yim Hyun Sik, Peniel, and Yook Sung-jae will conclude their 11-year collaboration.
BTOB, who debuted on March 21, 2012, has become a K-PO group with their outstanding singing ability and music that is loved by the public.
They have been positioned as a boy group representing the P3 generation. “BTOB” has been a proud member of CUBE Entertainment for many years, and has always been a member of “B
I would also like to express my gratitude to MELODY (a fan of ``BTOB'') who supported me alongside ``TOB''. Unfortunately, the relationship between CUBE Entertainment and "BTOB" ends here.
We have decided to close the group, but we sincerely support the new growth and bright future of our members, who have infinite possibilities. We ask for your continued love for ``BTOB'' as they begin a new journey.
thank you.