TOO debuted last year through the Mnet survival program “World Klass,” and CJ ENM’s subsidiary label Stone Music Entertainment partnered up with n.CH Entertainment to manage the group. According to news outlet Newsen, the two companies started the joint project in October 2018, and they agreed to work together for seven years. It was decided that n.CH Entertainment will be in charge of management and promotions, while CJ ENM will take care of the album production and marketing aspects. As a result, they jointly released two albums in April and July last year.
Newsen further reported that after seven months, CJ ENM unilaterally terminated their contract with n.CH Entertainment due to internal restructuring and urged n.CH Entertainment to withdraw from all matters related to TOO. As a result, this put a halt to TOO’s album production, delaying the group’s third album.
More under the cut:
A source from CJ ENM shared, “The exclusive contract for TOO is with CJ. We have all rights to TOO, and we only entrusted n.CH Entertainment with some of the tasks, like management and PR (public relation) activities. We signed a management contract that lasted only until August, and the period ended. After three months of additional consultation, we failed to reach an agreement. We’ve had a month of additional negotiations, but it ended in late December. We could not reach an agreement, so the contract was terminated. All steps of the contract were carried out normally. It was an agency contract and not a joint management contract.”
In response to the situation, n.CH Entertainment stated, “We collaborated with CJ ENM to create Mnet’s ‘World Klass’ and even made TOO debut. When we first started working together, we planned to work together for the next seven years, so we’re very shocked that they suddenly changed their mind.”
They continued, “This is upsetting, but we have affection for the members, so we offered to manage them for the next two years, even if we don’t receive any compensation. However, they rejected us. We’re not able to communicate at all.”
They added, “This is a very important time for TOO. They have to release their next album and continue their activities, so it’s a pity that this issue is delaying them.”
TOO is a 10-member group that was formed by Mnet’s 2019 reality show “World Klass.” They debuted in February 2019 and were managed by both CJ ENM and n.CH Entertainment.
Sources: translated by L.Kim, original by Naver 1, 2