CJ ENM has issued their own assertion on their conflict with n.CH Amusement around TOO’s management.
On January 13, Newsen broke the information that CJ ENM had suddenly terminated their agreement with n.CH Enjoyment. Way too debuted via Mnet’s survival program “World Klass,” and CJ ENM’s subsidiary label Stone Songs Amusement partnered with n.CH Entertainment to handle the team. It has been noted that n.CH Leisure was in charge of management and promotions, although CJ ENM was in cost of album manufacturing and advertising and marketing elements.
On January 14, n.CH Entertainment produced a entire statement about the different problems about their agreement with CJ ENM and their drive for TOO’s third album to be unveiled as planned to assure a stable period for the team.
On January 19, CJ ENM produced their individual assertion about the administration challenge.
Howdy, this is CJ ENM.
We apologize for triggering concern over this unpleasant issue with n.CH Leisure, who experienced been in demand of the group TOO’s management.
We hereby state that all of n.CH Entertainment’s promises are challenges that stem from our two businesses being unable to attain an arrangement. There is nothing more or considerably less than that.
First, CJ ENM is the agency that has exceptional contracts with all the members of Far too and the group’s administration legal rights. n.CH Leisure is a business that was in cost of PR [public relations] and proxy management services until August 2020.
The essence of this situation is that someone who was an govt and big shareholder at n.CH Enjoyment continued to thrust for a contract with situations that would unilaterally favor the pursuits of n.CH Enjoyment, even just after they had stopped operating there. This is why we were unable to appear to an settlement.
As our deal for proxy management expert services with n.CH Entertainment has come to an stop, CJ ENM intends to take charge of the administration of Too. CJ ENM will take responsibility and devote aid to the members of Much too so that they can mature into great artists. For that reason, we inquire that n.CH Entertainment assist in the smooth changeover involving providers.
We offer apologies and comfort and ease after again to the members of As well and their enthusiasts who have been struggling emotionally from this scenario.
TOO will before long be ready to greet you with an even improved and enhanced picture.
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