Recently, the popular Korean girl group Newjeans suddenly announced that it had terminated its contract with the Ador agency. This news instantly detonated the entertainment industry. The five members revealed the reasons for their termination and expressed their future plans at an emergency press conference. The parent company hybe also responded quickly and promised to take appropriate measures to deal with the incident. So, what are the unknown truths hidden behind this contract termination controversy?
It is reported that Newjeans said at the press conference that the main reason they chose to terminate the contract was that Ador failed to fulfill its responsibility to manage and protect its artists. Member Hanni said bluntly that the company did not have the intention and ability to protect NewJeans, which made them very disappointed. In addition, they also revealed that they had sent a lawyer's letter to the company, asking the company to respond to their demands within 14 days, but they did not receive a satisfactory answer. Therefore, they decided to officially terminate their exclusive contract with ador at 0:00 a.m. on November 29.
However, terminating the contract is not easy. Newjeans said that although they did not intend to pay liquidated damages, Ador insisted that the contract was still valid and accused Newjeans of all this. Hybe also stated that Newjeans’ contract termination press conference was not reviewed and was held before receiving a response to the invitation letter. Therefore, they refused to terminate the contract and asked Newjeans to continue to perform the contract.
The termination of the contract has had a considerable impact on the future of newjeans. First, they may face high liquidated damages. Although the members stated that they did not breach the contract, Ador may seek compensation from them for "breach of contract." Secondly, after the contract is terminated, newjeans will lose the right to use the group name "newjeans" and their previous works, which will have a significant impact on their careers. However, the members said they will not give up their fight and will continue to participate in the jobs and activities they really want in the future.
It is worth noting that the termination of the contract also triggered speculation about internal disputes between hybe and ador. Earlier, Hybe and former CEO of Ador, Min Hee-jin, had internal disputes. As an important group under Hybe, the termination of Newjeans' contract undoubtedly intensified this speculation. However, no matter what the truth behind it is, we hope that newjeans can properly handle this termination and continue to bring wonderful works to fans.
In general, the dispute over the termination of the contract between Newjeans and the Ador agency is a complex legal and economic game. It not only involves the legality of contract termination, but also concerns the artist's future development and the emotional sustenance of fans. Recently, the popular Korean girl group Newjeans suddenly announced that it had terminated its contract with the Ador agency. This news instantly detonated the entertainment industry. The five members revealed the reasons for their termination and expressed their future plans at an emergency press conference. The parent company hybe also responded quickly and promised to take appropriate measures to deal with the incident. So, what are the unknown truths hidden behind this contract termination controversy? It is reported that Newjeans said at the press conference that the main reason they chose to terminate the contract was that Ador failed to fulfill its responsibility to manage and protect its artists. Member Hanni said bluntly that the company did not have the intention and ability to protect NewJeans, which made them very disappointed. In addition, they also revealed that they had sent a lawyer's letter to the company, asking the company to respond to their demands within 14 days, but they did not receive a satisfactory answer. Therefore, they decided to officially terminate their exclusive contract with ador at 0:00 a.m. on November 29. However, terminating the contract is not easy. Newjeans said that although they did not intend to pay liquidated damages, Ador insisted that the contract was still valid and accused Newjeans of all this. Hybe also stated that Newjeans’ contract termination press conference was not reviewed and was held before receiving a response to the invitation letter. Therefore, they refused to terminate the contract and asked Newjeans to continue to perform the contract. The termination of the contract has had a considerable impact on the future of newjeans. First, they may face high liquidated damages. Although the members stated that they did not breach the contract, Ador may seek compensation from them for "breach of contract." Secondly, after the contract is terminated, newjeans will lose the right to use the group name "newjeans" and their previous works, which will have a significant impact on their careers. However, the members said they will not give up their fight and will continue to participate in the jobs and activities they really want in the future. It is worth noting that the termination of the contract also triggered speculation about internal disputes between hybe and ador. Earlier, Hybe and former CEO of Ador, Min Hee-jin, had internal disputes. As an important group under Hybe, the termination of Newjeans' contract undoubtedly intensified this speculation. However, no matter what the truth behind it is, we hope that newjeans can properly handle this termination and continue to bring wonderful works to fans. In general, the dispute over the termination of the contract between Newjeans and the Ador agency is a complex legal and economic game. It not only involves the legality of contract termination, but also concerns the artist's future development and the emotional sustenance of fans.