"The Boyz New, has terminated the exclusive contract with 100... returned the signing bonus and stands alone"
#NEW#뉴
https://t.co/iDcGG3Wgdb
- New has parted ways with 100 and is now going to stand on his own
- it has been confirmed that he has ended his contract with 100 amicably with the condition that he returns the signing bonus he received before when he signed with the company, deciding not to engage in a legal battle
- New plans to prepare for his future activities independently, it was mentioned that he wont be on a hiatus and that he has concrete plans including that of continuing in a new environment and music production, including solo music though he hasnt announced a new agency or the exact direction of these future plans.
All members of THE BOYZ (except New) are reportedly leaving One Hundred Entertainment.
According to The Fact, the members sent a document notifying the company of the termination of their exclusive contracts, citing material breaches of contract and an irreparable breakdown of trust.
https://t.co/RkWr0E9lDE
i did a bullet pointed translation of the article
9 members of #THEBOYZ#더보이즈 have terminated their contracts with One Hundred
- Sangyeon, Jacob, Younghoon, Hyunjae, Juyeon, Kevin, Q, Sunwoo, Eric have terminated their contracts except New
- all 10 members sent a letter to the cha gawon (CGW) last february notifying that they will terminate their exclusive contract with the reason of breach of contract and breakdown of trust.
- they tried to reach an agreement for a month but eventually negotiations fell through
- the boyz asked for a record of the contract and settlement documents but CGW couldn't provide it nor an explanation as to why. During their negotiations, CGW was said to say something in the tone of the members have to pay a penalty for terminating their contract.
- the boyz carried on with their schedule for the whole month to keep their promises to fans then eventually decided to terminate the contract.
- new decided to stay, his reason for is personal and will not be disclosed.
- cgw is trying to dispute the contract but the grounds for the terminatjon are undisputable.
- 100 also owes the boyz billions in settlement since the 3rd quarter of last year
- they have also confirmed that cgw pulled out the deposit (150M krw) from the boyz's dorms.
- for their concert on April 24th-26th, the members are renting a practice room with their own money, and may have to pay a lot of staff our of their own pockets.
- all companies under cgw (bpm, inb100) have transportation support cut off, resulting to the artist using their own cars to go to schedules. the basic support supposedly provided by a company to their artist are also cut off.
- they tried to reach out to 100 for confirmation but did not receive a response
happy 8th anniversary my boyz 🤍
i will always love you guys and support yous. thank you for making us happy and giving us things to look forward to. everything will be okay 😊💗
#더보이즈_데뷔8주년_축하해#THEBOYZ_DEBUT_8th
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