12:55 pm - 11/11/2012

Davichi ditches new label, returns to Core Contents Media to prepare for a blockbuster comeback



Davichi is set to release a blockbuster album in February after throwing away plans to move to a new label and deciding to sign on with their old label CCM again.

In October, reports emerged that the duo were in talks with another label to move their careers away from their old label, Core Contents Media (CCM). However, Davichi is set for a ‘blockbuster’ comeback after announcing that CCM’s president, Kim Gwang-Soo will push for a February comeback.

Davichi had initially intended to sign a new contract with their managers who left CCM to start-up a new company but declined upon reviewing the five year long contract. The duo consulted CCM President Kim Gwang-Soo for advice before deciding to remain with CCM.

The vocal group is known in the industry for being priced the best to perform at events. Davichi is able to perform up at least 10 events for the price of 100 million – 150 million won (~ $90,000 – $138,000 USD). Core Contents Media have commonly ranked first and second places on the singles chart with Davichi and T-ara able to make impressive CD sales.

The signing with CCM again has put their old managers’ new label in a difficult situation. The new label was lost almost $4.8 million in investments, including $3.7 million investment from a Japanese firm.

ajunews hellokpop

Yay!
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cairistiona 11th-Nov-2012 07:32 pm (UTC)
Oh no. :| I love them but... :(
odd_fish_stick 11th-Nov-2012 07:35 pm (UTC)
damn they fucked over their managers
steelsigns 12th-Nov-2012 04:57 pm (UTC)
that's my only takeaway from this, (I can't really comment on KKS since I don't know enough about him) I feel so bad for the managers ugh smh
frantastic 11th-Nov-2012 07:37 pm (UTC)
The new label was lost almost $4.8 million in investments, including $3.7 million investment from a Japanese firm.

D:
goshipgurl 11th-Nov-2012 07:41 pm (UTC)
you are dumb, you are really dumb, for real.
sadistic_dance 12th-Nov-2012 02:04 am (UTC)
Not really. They've never had a problem with CCM before. Sucks they KKS'd their managers though.
devilsatin 11th-Nov-2012 07:44 pm (UTC)
This is great news! I was sad to see them go so I'm glad they're staying
hinadori 11th-Nov-2012 07:46 pm (UTC)
Girls... I love you but that is not cool. I feel bad for their former managers...
lysblack 11th-Nov-2012 07:58 pm (UTC)
WHAT, I WAS SO FULL OF HOPE!

i wouldn't be surprised if kks manipulated them to stay.
anathema_switch 11th-Nov-2012 08:03 pm (UTC)
Damn, I feel bad for their former managers. But if they've just lost investments and have no other artists/obligations hopefully they won't have any debt and can just quietly go do something else...
vagueclarity 11th-Nov-2012 08:08 pm (UTC)
i feel like there's more to this story than what we're being told :/
pumpkinskin 11th-Nov-2012 09:04 pm (UTC)
Yeah, especially since this is KKS we are talking about. He's really possessive of his artists.
toshi830 11th-Nov-2012 08:14 pm (UTC)
I feel really bad for those managers... and god damn it when I thought you finally were free from KKS idiocy, you just crush my hopes with the worst news.
the_erotomanic 11th-Nov-2012 08:21 pm (UTC)
well, they were doing well in ccm, so maybe it's not really in their best interest to leave?
iznanassi 11th-Nov-2012 08:23 pm (UTC)
GG no re
swhyeon1991 11th-Nov-2012 09:15 pm (UTC)
Uh oh.
asnindie 11th-Nov-2012 10:44 pm (UTC)
KKS either threw money at them or seriously threatened them, whatever he did worked.
soramai 11th-Nov-2012 11:02 pm (UTC)
Why did they stay? I want to know the real story.
And their former managers lost a lot, damn!
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