Brand New Music has confirmed that it has signed exclusive contracts with four of the agency’s trainees.
Lee Dae Hwi, Park Woo Jin, Im Young Min, and Kim Dong Hyun all became well known while competing on Mnet’s “Produce 101 Season 2” earlier this year.
On July 20, it was reported by news outlets that their agency Brand New Music had signed exclusive contracts with each of the trainees following the show.
The agency responded, “Trainees Lee Dae Hwi, Park Woo Jin, Im Young Jin, and Kim Dong Hyun had been signed under trainee contracts prior to ‘Produce 101 Season 2.’” They continued, “After ‘Produce 101 Season 2,’ they signed exclusive contracts.”
It has been reported that the difference between a trainee contract and an exclusive contract is that trainee contracts do not include a provision about the sharing of profits between a trainee and their agency.
Lee Dae Hwi and Park Woo Jin are two of the 11 finalists from “Produce 101 Season 2” and will be debuting with the group Wanna One in August. Brand New Music recently announced that Im Young Min and Kim Dong Hyun will also be debuting as a unit soon.