One Hundred Conflicts Trademark With Ex-Company Of THE BOYZ "Courtesy Of Free? It's not true. "
Dec 05, 2024
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On the 5th, Wonhundred announced that "IST Entertainment has given members the right to use the THE BOYZ trademark free of charge after our statement, but this is not true."
"If IST Entertainment had provided the trademark right to THE BOYZ free of charge as claimed in their statement, we would have kept the trademark right to be taken by the artist for the sake of the artist and The B during the contract period," Won said. "However, two of the three conditions in the agreement passed through IST Entertainment yesterday (4th) were unfavorable conditions for the artist, not for the company.", he explained.
The conditions stated in the consultation were to provide the right to use the trademark, not the trademark named 'THE BOYZ', until the members' right to settlement was taken from IST Entertainment"This is by no means a free provision," he said.
In the meantime, the artists recognized that yesterday's IST Entertainment statement allowed them to use the trademark right without any negotiation conditions for THE BOYZ's smooth activities and The B. Therefore, I would like to acknowledge that negotiations between IST Entertainment and the artist for the use of free trademark rights have been completed," he added.
Earlier on the 4th, One Hundred said "We cannot accept the unreasonable terms of IST's negotiations on trademark rights that THE BOYZ has kept for seven years. In the meantime, negotiations have been conducted to the best of their ability. THE BOYZ also tried to maintain their trademark rights until the end for their fans, but did not get good results. I am deeply sorry. I put THE BOYZ and fans first. He wants to transfer to the agency, where everything is smoothly agreed upon without scratches and scars. We will do our best to negotiate trademark rights with an open mind until the 5th, the end of the contract, and even if it breaks down, we will thoroughly prepare the members to work under a better brand name," he said.
IST Entertainment responded, "'Unlike what was said, the Company has decided to provide all members with the right to use their trademark free of charge'''''''''''''''''''''''The''''''.
Meanwhile, THE BOYZ is an 11-member boy group that debuted in December 2017 and will move to One Hundred led by MC Mong after their contract with IST expires on the 5th.
Hereinafter, full text of Wonhundred's admission
One Hundred.
After our statement, IST Entertainment, a subsidiary of Kakao Entertainment, announced that it gave members the right to use the THE BOYZ trademark for free, but this is not true.
If IST Entertainment had provided THE BOYZ with the trademark right free of charge as they claimed in their statement, we would have kept the trademark right that the artist should take for artists and The B during the contract period.
However, two of the three conditions of the consultation delivered through IST Entertainment yesterday (4th) were unfavorable conditions from the artist's point of view, not from our point of view.
This is not true of the claim that IST Entertainment provided free trademark rights to members of The Boyz.
The conditions stated in the consultation were that, of course, the members' right to settle accounts was taken from IST Entertainment, and the right to use the trademark, not the trademark named 'The Boyz' was provided. Let me emphasize once again that this was never a free provision.
Yesterday's IST Entertainment statement recognized that the artists made it possible to use the trademark right without any negotiation conditions for THE BOYZ's smooth activities and The B.
Therefore, we will also recognize that negotiations for the use of free trademark rights between IST Entertainment and artists have been completed.
Lastly, we are truly sorry that THE BOYZ members have worried and worried about THE B due to unpleasant things even before moving their agency.
In the future, One Hundred will continue to work hard to make happy activities for artists and fans. Thank you for taking the time to read the long article.
yaqqol@sportschosun.com
