Cube Entertainment's executive producer Hong Seong Sung is claiming the label's majority stakeholders are acting worse than "thugs."
On March 26, Hong Seong Sung spoke out on Twitter about his frustrations, alleging the new stakeholders are treating label artists horrendously. The producer claimed, "I'd like to share some things going on at Cube. Recently, Cube's majority stakeholders changed. Instead of cooperating with artists, they're engaging in horrendous behaviors that even thugs wouldn't do, causing infighting within the company. I'm devastated right now."
This past February, Cube Entertainment's largest shareholder became cosmetics and media commerce company VT GMP after they acquired shares from iHQ in the amount of 29.1 billion Won ($24,017,845.05 USD). However, producer Hong Seong Sung's claims have not been confirmed.
Stay tuned for updates.
Posted by15 days ago
Cube Entertainment's executive producer Hong Seong Sung claims label's majority stakeholders are treating idols 'horrendously'
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