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<\/td>\n<\/tr>\nFifty Fifty. 2023.04.26. (Photo = Courtesy of Attract) photo@newsis.com *Resale and DB prohibited<\/p>\n<\/tr>\n<\/tbody>\n<\/div>\n<\/div>\n<\/div>\n
Reporter Lee Jae-hoon = The situation of the new K-pop girl group ‘FIFTY FIFTY’, which is cracking the British and American single charts with ‘CUPID’, is spreading as a game of truth. <\/p>\n
On the 3rd, Dougiverse, who was in charge of 5P 50’s music production service, refuted, saying, “Fifty Fifty’s agency, Attract, distorts that CEO Seong-il Ahn arbitrarily discussed the future of 55 members with Warner Music Korea, but this is not true.” did. <\/p>\n
On the same day, Attract released a recording file claiming that it contained evidence of Dougibus CEO Ahn Seong-il’s attempt to extort the members. The recorded file contains a conversation between Attract CEO Jeon Hong-joon and Warner Music Korea (WomuCo) executives on May 9th. According to the transcript, a Warner Music Korea executive told CEO Jeon, \u201cI made an offer of 20 billion won to CEO Ahn Seong-il for a buyout before.\u201d In connection with the transcript, Attract claimed, “CEO Ahn Seong-il arbitrarily proceeded with the buyout of Fifty Fifty without approval from his agency, Attract CEO Jeon Hong-joon.”<\/p>\n
Buyout is a term commonly used in professional sports. It refers to the fact that another agency can immediately negotiate with a singer belonging to that agency if a transfer fee of a certain amount or more is presented to the agency.<\/p>\n
However, Dugiverse said, “Warner Music Korea proposed a ‘label deal’ structure, and Warner Music hoped to discuss this with Attract CEO Jeon Hong-joon.” It’s connected,” he said.<\/p>\n
‘Label deal’ refers to an operation method in which a small or medium-sized company lacking funds or infrastructure is placed as a label under a global direct distribution company. It is a structure to maintain the operation method of small and medium-sized companies, but to facilitate smooth operation by direct distribution companies providing funds and infrastructure. <\/p>\n
Dugiverse said, “This proposal was a good signal for Attract, which lacked funds at the time and needed stable operation, and we delivered Warner Music Korea’s proposal because we thought it would benefit the company and artists in the long run.” <\/p>\n
However, it is explained that CEO Jeon Hong-joon expressed his intention to refuse to Warner Music Korea, hoping to list Attract, and later expressed interest in advanced investment, so Warner Music Korea modified the proposal accordingly. <\/p>\n
Dugiverse said, “We are not the decision maker, and we did not play any unnecessary role in this regard. It is impossible for Attract to communicate with Warner Music Korea without being aware of the content, and Attract’s opinion, which had decision-making authority, According to this, Warner Music Korea changed the direction of the proposal.”
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<\/td>\n<\/tr>\nFifty Fifty. 2023.06.21. (Photo = Courtesy of Attract) photo@newsis.com *Resale and DB prohibited<\/p>\n<\/tr>\n<\/tbody>\n<\/div>\n<\/div>\n<\/div>\n
“Attract is claiming that it is a conspiracy plotted behind the scenes by the company, which is dissatisfied with Warner Music Korea’s not accepting the label deal, but this is not true at all.” “The contractual relationship between the artist and the affiliated company is not directly related to the progress of our business, and there is no benefit to the company through this process,” he protested. <\/p>\n
In addition, regarding the main reason why Dugiverse announced the suspension of business to Attract, it explained, “It is due to difficulties in operating production due to fundamental structural problems that have continued since before the establishment of Attract and insufficient budget.” “We tried to introduce a new system to improve this, but it was not smooth. The chronic problem was not improved, so we talked to CEO Jeon Hong-joon several times, but the project ended without reaching an agreement.”<\/p>\n
He added, “Because authenticity will be revealed through legal procedures, please get away from the essential problem and stop making malicious one-sided claims. If the spread of false information and defamation continues, we will take strong legal action.”<\/p>\n
Attract pointed out CEO Ahn as being behind the recent attempted extortion of Fifty Fifty. At the same time, on the 26th of last month, Attract sent a certificate of contents to Warner Music Korea. On the same day, Warner Music Korea explained that the related content was groundless.<\/p>\n
In addition, on the 27th of the same month, CEO Jeon filed a complaint with the Gangnam Police Station in Seoul on charges of obstruction of business, damage to electronic records, fraud and breach of duty against CEO Ahn and three others. On the other hand, Dugiverse responded by saying, “We will take legal action against the false accusation against CEO Jeon Hong-joon and the company’s representative at Attract and the continuous spread of false information through the media.”<\/p>\n
In the midst of this, the four members of Fifty Fifty, including Kina (20, main rapper), Saena (19, rhythm and main dancer), Shio (18, main vocalist), and Aran (18, lead vocalist), through a legal representative on the 19th of last month, attracted. filed an application for a temporary injunction to suspend the validity of the exclusive contract with the Seoul Central District Court. The four members said, “This is an action taken after Attract violated the contract and caused the destruction of the relationship of trust. A letter was sent out pointing out various problems and requesting correction, but Attract did not make any effort to explain the requirements and continued to press the press. Through this, the members’ honor was damaged.”<\/p>\n
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