Cube Entertainment co-founder and chairman Hong Seung Sung has announced his departure from the agency. In February, it was reported that cosmetics and media commerce company VT GMP had acquired 30.61 percent of Cube Entertainment’s shares and become the largest shareholder in the company. Last week, Cube Entertainment’s CEO Shin Dae Nam resigned and two new CEOs took his place: Ahn… Continue reading Co-Founder Hong Seung Sung Leaves Cube Entertainment Following Conflicts Due To New Majority Shareholder
Tag: Cube Entertainment
Cube Entertainment Co-Founder Expresses Concern About Agency After Change In Major Shareholder
Cube Entertainment co-founder and chairman Hong Seung Sung has spoken up following major changes at the company. In February, it was reported that cosmetics and media commerce company VT GMP had acquired 30.61 percent of Cube Entertainment’s shares and become the largest shareholder in the company. On March 26, outlet Kukmin Ilbo reported that Cube… Continue reading Cube Entertainment Co-Founder Expresses Concern About Agency After Change In Major Shareholder
VT GMP Becomes Cube Entertainment’s Largest Shareholder
Cube Entertainment has been acquired by KOSDAQ listed company VT GMP. Cube Entertainment manages artists and actors such as BTOB, PENTAGON, (G)I-DLE, and more. On February 21, it was disclosed that VT GMP acquired 30.61 percent of Cube Entertainment shares for $29.1 billion won (approximately $24.1 million), changing Cube’s largest shareholder from iHQ to VT… Continue reading VT GMP Becomes Cube Entertainment’s Largest Shareholder
Sung Si Kyung And Cube Entertainment Founder Weigh In On Chart Manipulation Issue
Two more music industry veterans have shared their thoughts on the recent chart manipulation controversy. On November 24, Park Kyung posted a tweet accusing Vibe, Song Ha Ye, Lim Jae Hyun, Jeon Sang Keun, Jang Deok Cheol, and Hwang In Wook of sajaegi (the manipulation of album sales numbers through bulk orders by an artist’s own agency). The artists… Continue reading Sung Si Kyung And Cube Entertainment Founder Weigh In On Chart Manipulation Issue
Court Dismisses Lai Kuanlin’s Request To End Contract With Cube Entertainment
On November 21, the Seoul Central District Court dismissed Lai Kuanlin’s request to suspend his exclusive contract with Cube Entertainment, meaning his exclusive contract with the company still holds. Cube Entertainment issued the following statement on November 21: Hello. This is Cube Entertainment. Today, the Seoul Central District Court decided to dismiss our agency artist… Continue reading Court Dismisses Lai Kuanlin’s Request To End Contract With Cube Entertainment
Lai Kuanlin And His Lawyer Speak To Reporters After 1st Court Questioning With Cube Entertainment
Lai Kuanlin opened up about his desire to continue to be active in Korea after his first questioning with Cube Entertainment. On August 23, the Seoul Central District Court held their first questioning for Lai Kuanlin’s request to suspend his exclusive contract with Cube Entertainment. Lai Kuanlin remained solemn and quiet as he headed inside with… Continue reading Lai Kuanlin And His Lawyer Speak To Reporters After 1st Court Questioning With Cube Entertainment
Former “Produce 48” Contestant Han Cho Won Officially Signs Artist Contract With Cube Entertainment
Former “Produce 48” contestant Han Cho Won is now an artist of Cube Entertainment! On August 21, Cube Entertainment revealed, “We have signed an exclusive artist contract with Han Cho Won.” According to SpoTV News, Han Cho Won, who had originally signed a trainee contract with Cube Entertainment, signed a contract in the first half of 2019 to… Continue reading Former “Produce 48” Contestant Han Cho Won Officially Signs Artist Contract With Cube Entertainment
Courts Set Date For 1st Questioning Between Lai Kuanlin And Cube Entertainment
The courts have set a date for the first questioning in the case between Lai Kuanlin and Cube Entertainment. According to the legal circle, the Seoul Central District Court will open the first questioning for Lai Kuanlin’s request to suspend his exclusive contract with Cube Entertainment on August 23. On July 18, Lai Kuanlin notified… Continue reading Courts Set Date For 1st Questioning Between Lai Kuanlin And Cube Entertainment
Lai Kuanlin’s Legal Reps Respond To Cube Entertainment’s Latest Statement On Contract Termination Request
Lai Kuanlin’s legal representative Chaeum Attorneys At Law has released a statement in response to Cube Entertainment. On July 23, Chaeum released their second official statement as a response to the one from Cube Entertainment earlier in the day. Lai Kuanlin has currently filed to terminate his contract with the agency on the grounds that they… Continue reading Lai Kuanlin’s Legal Reps Respond To Cube Entertainment’s Latest Statement On Contract Termination Request
Cube Responds To Lai Kuanlin’s Legal Reps Regarding Contract Termination Request
Cube Entertainment has commented regarding the statement released by Lai Kuanlin’s legal representatives regarding his request for contract termination. On July 23, the agency released the following statement: Hello. This is Cube Entertainment. First of all, as the agency of Lai Kuanlin, we sent a request to the law firm claiming to be Lai Kuanlin’s… Continue reading Cube Responds To Lai Kuanlin’s Legal Reps Regarding Contract Termination Request