2023-07-03 06:02:55
Group Fifty Fifty (FIFYT FIFTY) Sana (from left), Kina, Aran, and Shio are showing off a wonderful stage prior to a press conference held at Ilji Art Hall in Cheongdam-dong, Gangnam-gu, Seoul on the followingnoon of the 13th. Fifty Fifty charted on Billboard’s main single chart ‘Hot 100’ with the title song ‘Cupid’ from ‘The Beginning: Cupid’ album, 4 months following their debut, drawing attention from global fans. there is. 2023.4.13/News1 Group Fifty Fifty’s agency, Attract, released a call recording file claiming that Dugiverse CEO Ahn Seong-il proceeded with the buyout without the consent of CEO Jeon Hong-joon.
On the 3rd, Attract released a transcript of the phone call between CEO Jeon Hong-joon and Warner Music Korea Executive Director A. The recorded file contains the process of confirming that CEO Ahn Seong-il is proceeding with the buyout of Fifty Fifty during a phone call between Attract CEO Jeon Hong-joon and Warner Music Korea Executive Director A on May 9.
A buyout is a business activity that causes the other party to waive its right to exercise by paying the cost by agreement or regulation.
In the transcript, Executive Director A told CEO Jeon, “I made an offer of 20 billion won to CEO Ahn Seong-il for a buyout before,” and CEO Jeon replied, “I haven’t heard of it.” In response, Executive Director A said, “You haven’t heard of it?”, and CEO Jeon asked, “What is a buyout?”
Executive Director A told CEO Jeon, “So, if we all use normal expressions, we took over all the children and spoke like this,” and CEO Jeon said, “No, no,” and the transcript ended.
Regarding the recording, a representative of Attract claimed, “CEO Ahn Seong-il arbitrarily proceeded with the buyout of Fifty Fifty without approval from the agency, Attract CEO Jeon Hong-joon.”
Previously, on the 27th of last month, Attract reported that Dugiverse, who had been in charge of managing and managing the project, engaged in obstruction of business by deleting project-related materials in the process of taking over the business and secretly bought the copyright of ‘CUPID’, Ahn Seong-il of Dugibus. It said that it had filed a complaint once morest the representative and three others.
In the midst of this, the four members of Fifty Fifty (Saena, Kina, Aran, Shio) reported that they had filed an application for a provisional injunction to suspend the exclusive contract with their agency, Attract, through their legal representative, Barun Law Firm, and the conflict grew. They said that the application for injunctive injunction was “a measure taken due to the attraction’s violation of the contract and the destruction of the relationship of trust.” We are raising issues regarding various circumstances in which contractual obligations have not been fulfilled.”
While Attract is insisting on external forces intervening in the conflict with Fifty Fifty, Dugiverse recently clarified its position, saying, “Not only is there no fact that we have intervened in any way, but we inform you that the content has nothing to do with us.” has been revealed “Dugiverse received a request for service from Attract CEO Jeon Hong-joon and started the project in earnest in June 2021. He explained, “Currently, at Attract’s request, I am only in charge of global promotion (sales promotion) and overseas public relations with Warner Records.” .
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