NewJeans is once again engaged in an internal battle with their parent company HYBE to break their contract unless their terms are met! We have all the details you need to know about whether this global girl group will have a future or not!
As we have written about previously, NewJeans have been having disagreements with their agency HYBE. Since then, they have sent a certified letter to ADOR, warning them that they would terminate their contracts with the label if their demands were not met. If the group did terminate their contacts then they will have to pay a penalty fee, however, this amount is currently unknown.
NewJeans has generated revenue since its debut in 2022, estimated at around 190 billion won (USD 125,600,000). However, the get-out clause of their contract is speculated to be around 300 billion won (USD 214,911,259).
It appears that within the letter from the K-pop group, eight major demands were made, which mostly touched upon recent controversies surrounding the group, such as punishing the person who wrote internal documents stating, "Get rid of New Jeans and start a new road map" and also receiving an official apology from the manager who told other artists to ignore NewJeans member Hanni.
Our Opinion
Due to the bad publicity that NewJeans has been garnering recently, it does not put them in a good light publicly. Although they have generated a good profit over a very short period and gained a lot of popularity globally, if we were HYBE, we would be hesitant to give in to their unrealistic demands.
Fan Opinions
That said, it all does stem from when they called or more like ordered the return of ADOR CEO Min Hee Jin. Let's take a glimpse back to that moment:
“Please return ADOR to what it was from the moment when NewJeans signed its official contract until March 2024 when we were happy,” the members said in the document. “We miss the NewJeans that was so full of dreams about the music, stage, and creativity, which we were going to show along with [former] CEO Min Hee Jin.”
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