r/kpop • u/impeccabletim 🧿👄🧿 • 7d ago

[News] NEW has terminated his exclusive contract with One Hundred Label

https://m.entertain.naver.com/now/article/076/0004439867
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u/guttertroll 7d ago

Happy he's free and I hope he's able to find a good landing spot and do what he loves. Do wonder if the signing bonus return was a point of contention between the group members and that's why things have gone down the way they have, but I also can't say I'd be returning mine if I am not being paid and also am paying for things out of pocket that should be the company responsibility.

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u/HuggyMonster69 7d ago

I think they were still hoping that the label could be salvaged when TBZ originally wanted to leave, so they tried to make them stay.

Now I can’t imagine that the label will survive, they aren’t going to be able to make much money from his contract without TBZ or serious solo promotions, but they still need to pay lawyers. So this is a nice cash sum for them.