Cube Entertainment has issued a statement regarding the contract status of BTOB members.
On November 1, a media outlet reported that BTOB is currently in negotiations with Cube Entertainment for a second contract renewal, and an agreement has not been reached. The report also mentioned that BTOB members are also considering the possibility of moving to different agencies. They are currently in contact with several agencies, and in the process have been collectively offered a contract fee of 6 billion won (approximately $4.4 million).
In response to the report, Cube Entertainment commented, “As some BTOB members’ contract periods have not yet ended, we plan to do our best until the contract terms conclude. The members are also exploring various options and sorting out the situation.”
They further clarified, “The reported contract fee of 6 billion won is unrelated to Cube Entertainment.”
BTOB debuted under Cube Entertainment in 2012. In 2018, all the BTOB members renewed their exclusive contracts with Cube Entertainment to continue their path together as BTOB.
Stay tuned for more updates!
While waiting, watch BTOB on “Kingdom: Legendary War” below: