As NewJeans has announced the termination of its exclusive contract with management office ADOR, a subsidiary of HYBE, HYBE's announcement is attracting attention.
On the 29th, HYBE announced, "Our subsidiary ADOR has terminated the exclusive contract with our artist NewJeans as of midnight on November 29th.
"We have received a notice to terminate the contract," he said, "and will take appropriate action in relation to this contract termination notice." He continued, "We will make an announcement once we have decided whether or not to terminate the contract.
On the 13th of this month, NewJeans issued a statement under the real names of Minzy, HANI, Daniel, HYERI, and Haein to management office ADOR and CEO Kim Juyeon, requesting them to rectify violations of the exclusive contract.
The certified letter was reported to include a report on the HYBE music industry, accusations of plagiarism, and more.
And after the two weeks set by "NewJeans" had passed, on the afternoon of the 28th, at the Space Share Samsung Station Center in Gangnam-gu, Seoul,
An emergency press conference was held regarding the termination of the exclusive contract with ADOR. NewJeans appeared at the press conference and stated, "We will terminate our contract with ADOR as of midnight on the 29th.
The mistake lies with HYBE and ADOR, so there is no reason for us to sue them or pay any penalty fees." In response, ADOR said, "We have responded to the content certification.
"We regret that we planned and carried out the press conference announcing the termination of the exclusive contract without sufficient consideration before receiving the payment," and "ADOR, a party to the exclusive contract, has not violated the contract and has unilaterally terminated the contract without any credibility."
"The exclusive contract between ADOR and the NewJeans members remains valid. Therefore,
However, NewJeans said, "The 14-day period for requesting correction has passed, but ADOR has not responded to the request."
ADOR has refused to make corrections, and none of the issues we requested have been resolved," the statement continued. "The five of us can no longer remain at ADOR, which does not fulfill its basic duty to protect its artists.
"Furthermore, maintaining the exclusive contract would only cause us extreme mental distress. We hope that this kind of situation will not occur after the exclusive contract is terminated."
Is HYBE really considering terminating their contract with NewJeans? Attention is focused on how they will respond in the future.
2024/11/30 05:21 KST
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