CUBE side is “in positive discussions regarding trademark rights” with “BTOB”

CUBE Entertainment has communicated its position regarding the trademark rights of the boy group ``BTOB''. On the 6th, the management office of BTOB, CUBE Entertainment, posted an article titled ``
The contract fee that was mentioned several times was not something that was discussed with us, and we do not know where it came from.'' Regarding trademark rights, the company added, ``We are actively discussing this with our members.''
He continued, ``It is difficult to comment on the details, and it is difficult to confirm the origin of the content mentioned in the article.''
Prior to this, a media outlet reported that an exclusive contract between ``BTOB'' and CUBE Entertainment was announced last week.
It was reported that the contract has ended and the contract has not been renewed. In addition, the members of "BTOB" had a strong will to work as one team, and even adjusted the final contract fee with CUBE, but in this process, CUBE
It added that negotiations broke down after the company requested a share in a certain portion of the group's overall sales under the condition that the trademark rights be used.
On the other hand, "BTOB" debuted in 2012. They renewed their contract once in 2018 and have continued their activities.