150

71

News

NewJeans side hits back and says the profits they accumulated have well exceeded ADOR's investment

AKP STAFF
Posted by Demian09 Friday, December 6, 2024 25,123

K-pop group NewJeans has stated in response to ADOR's recent lawsuit seeking to confirm the validity of their exclusive contract. The group criticized ADOR's actions, calling them "irrational and inhumane," especially given the breakdown in trust and contractual violations.

In a statement released on December 6, NewJeans members MinjiHanniDanielleHaerin, and Hyein expressed their dismay, stating, "Forcing us to work for an additional five years despite the collapse of our trust and ADOR's breaches of contract is not only unreasonable but also inhumane."

The members further argued that ADOR has failed to adequately claim there were no breaches of the exclusive contract, repeatedly insisting that the termination is impossible until the company's support and investment are recouped. "We have already returned profits exceeding the initial investment to ADOR and HYBE," NewJeans stated.

NewJeans also accused HYBE of attempting to undermine their value through malicious activities and reverse marketing, with ADOR allegedly allowing such actions under new management. "It's as if the company, which is supposed to protect us, is producing its negative comments," they claimed.

According to NewJeans, the exclusive contract stipulates that if ADOR fails to fulfill its contractual obligations, the contract can be terminated. "As outlined in the exclusive contract, there is no longer a reason to work with ADOR and HYBE," they emphasized.

The group declared, "As of November 29, 2024, we are no longer affiliated with ADOR. ADOR cannot interfere with or intervene in our activities."

Earlier, on November 13, NewJeans had sent a notice to ADOR, demanding the rectification of contract violations, including the return of former ADOR CEO Min Hee Jin, within 14 days or face termination of the contract.

Subsequently, on November 28, the group held an emergency press conference at 8:30 PM, stating, "NewJeans is an artist under ADOR, and ADOR is obligated to protect NewJeans. However, ADOR has neither the will nor the capability to protect us." They formally announced the termination of their contract effective November 29.

On December 3, ADOR filed a lawsuit at the Seoul Central District Court seeking to confirm the validity of the exclusive contract. ADOR explained, "We made this unavoidable decision to clarify to both the artist and various stakeholders that an exclusive contract cannot be lightly terminated based on one-sided claims."


SEE ALSO: ADOR disputes Min Hee Jin’s testimony in ongoing lawsuit over ‘ETA’ director’s cut

  1. Min Hee Jin
  2. NewJeans
  3. Danielle
  4. Haerin
  5. Hyein
  6. Hanni
  7. Minji
25,123 Share 68% Upvoted

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
aespa, Giselle, BLACKPINK, Jennie
Go Eun Ah, MBLAQ, Mir
18 hours ago      10,779
Kim Woo Bin, Shin Min Ah
Han Ji Min
BTS, V, EXO, Doh Kyung Soo (D.O.), Gong Hyo Jin, Kim Tae Ri, Kim Woo Bin, Lee Kwang Soo, Shin Min Ah, Uhm Jung Hwa
Forestella
Bang Si Hyuk, BTS, RM
EXO, Sehun
BLACKPINK, Rosé
aespa, Giselle, BLACKPINK, Jennie
aespa, Giselle, BLACKPINK, Jennie
BLACKPINK, Rosé
Apink
EXO, Sehun
aespa, Karina, Byeon Woo Seok, IVE, Wonyoung, Jang Won Young
New Message

SEND