IOK Company has signed three former FIFTY FIFTY members under its new label, Massive E&C, to launch a new global idol group. The industry is closely watching how these former FIFTY FIFTY members will navigate their comeback, given their previous success and the controversies surrounding their contractual penalties. Despite criticism, IOK Company sees this as a strategic move to strengthen its position in the global entertainment market.
IOK Company Signs Former FIFTY FIFTY Members
IOK Company has recently established the label Massive E&C and signed an exclusive contract with three former FIFTY FIFTY members: SAENA, ARAN, and SIO. These members previously achieved notable success with the track “Cupid,” which ranked on various Billboard charts, including No. 17 on the Hot 100.
Former FIFTY FIFTY Members to Lead New Global Group
Under this new contract, the former FIFTY FIFTY members will debut as part of a new global idol group under IOK Company’s label Massive E&C. They are expected to begin their activities later this year. The industry is closely watching how these former FIFTY FIFTY members will fare, given their previous success and the high expectations surrounding their future projects.
Strengthening IOK Company with Former FIFTY FIFTY Members
IOK Company aims to solidify its presence in the domestic and international music markets. The company is committed to becoming a major player in the global entertainment industry, leveraging the talents of the former FIFTY FIFTY members.
Public Reaction and Contractual Penalties for Former FIFTY FIFTY Members
The announcement of the contract has sparked debates, especially on the Korean community site MLBPARK. Concerns about the substantial contractual penalty that the former FIFTY FIFTY members may face, estimated to be at least 10 billion KRW, have been a major topic. Opinions are divided on whether the members or IOK Company will pay this contractual penalty.
Criticism and Challenges Ahead
The decision by IOK Company to sign the former FIFTY FIFTY members has been met with criticism. Some argue that the company’s actions lack business ethics. Others believe that the members’ tarnished image will make it difficult for them to succeed. Despite these challenges, IOK Company remains a significant entity in the industry, and this move is seen as a high-risk investment.
The Future of Former FIFTY FIFTY Members and IOK Company
The timing of the former FIFTY FIFTY members’ return, coinciding with the upcoming comeback of FIFTY FIFTY 2nd Generation in September, has led to further speculation. Some believe this move is intended to disrupt the new group’s activities. Others argue that these members have no choice but to resume their entertainment careers to pay off the contractual penalty. However, their future success remains uncertain due to their damaged reputation.
Speculations on IOK Company’s Strategy
There are speculations that An Sung-il of The Givers might be involved in this strategy. As IOK Company is primarily an actor management agency, it’s believed that An could be responsible for guiding the training and activity strategies of the former FIFTY FIFTY members.
Here’s a link to MLBPARK.I appreciate you taking the time to read this post. Please share your thoughts in the comments!
Wow this became news about kpop other than New Jeans, Aespa, Le Sserafim, Itzy, Twice, Gidle, Red Velvet. Nice