"Freedom?" You can pay 620 billion won to be pardoned"Newzins, a brinkmanship that also abandoned its name
Dec 09, 2024
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While the group Newzins announced the termination of the contract with Adore, a claim was raised to the effect that `you can start anew with former Adore CEO Min Hee-jin by paying a penalty and damages.'
Newzins said it was terminating its exclusive contract with Adore effective Nov. 29. The members argued that the contract was terminated and there was no obligation to compensate for additional lawsuits or penalties, including an application for an injunction to suspend the validity of the exclusive contract, because Audor did not accept the request for correction even after violating the exclusive contract. He also said that he would only finish the schedule that had been set and be with Min, and use the name of Newzins.
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Lawyer Lee said, `The return of former CEO Min is not something that Audor can correct. It's the board of directors, the mind of shareholders. The artist can't do as he pleases. It is rather violent. Adore has no violations to terminate the contract. That's why I don't do it because it's obvious that Newzins will lose even if they take legal action. It's a brinkmanship tactic. He expressed his willingness to go out even if it was unreasonable.
You can also settle the accounts if you want to break up. Then you can join former CEO Min Hee-jin. Freedom comes at a cost. The penalty is said to be up to KRW 620 billion, but wouldn't it be gum for Newzins?" "Newzins' sales last year were KRW 110 billion and its operating profit was KRW 30 billion." There are no more adores that hinder Newzins' entertainment activities, so they will earn a lot more (going forward) than last year. If you double it, your operating profit will be 60 billion won, and if you work for 10 years, it will be 600 billion won. If you work hard for 10 years, there is no problem paying the penalty at all." However, there is a possibility of paying damages separately from the penalty.
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Then "You don't have to use the name Newzins because there's a fandom. You can set up a new (company) with Min Hee-jin, who has management and production skills. If the company shows the performance of the collaboration between Newzins and former CEO Min, Audor will not be able to carry his face around. You just have to prove that you've been disturbed by Odor."
In fact, Newzins stopped using the name. Members who appeared as guests at the Yoavo concert in Korea on the 7th greeted each other but did not mention the name 'Newzins'. In addition, Newzins' logo was not used in the background of the stage.
At the moment, the New Jeans are preparing for an all-out war against the Odor. Adore filed a lawsuit to confirm the validity of the exclusive contract, and Newzins reiterated that he had no intention of returning.
silk781220@sportschosun.com
