One Hundred Denies IST's Claim of Free Trademark Rights for THE BOYZ
Dec 05, 2024
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One Hundred said on the 5th that `IST Entertainment (hereinafter referred to as IST) has issued a statement that members have been granted the right to use the THE BOYZ trademark free of charge after our statement, but this is not true.'
In addition, two of the three conditions of the consultation bill delivered through IST on the 4th were unfavorable conditions for the artist. The claim that IST provided the trademark right to the members of The Boyz free of charge is not true. The conditions stated in the agreement were that the members provided the trademark right to use, not the trademark named The Boyz, until the IST lost the right to settle. I would like to emphasize once again that this was never a free provision.'
In addition, the artist recognized that yesterday's IST statement allowed the use of trademark rights without any negotiation conditions for THE BOYZ's smooth activities and The B (The Boyz Fan Club). Therefore, One Hundred will also recognize that negotiations for the use of free trademark rights between IST and the artist have been completed," he stressed.
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.
One Hundred said on the 4th that it did its best to negotiate the trademark rights of IST and The Boyz, but did not get good results due to unreasonable negotiation conditions. In response, IST countered, "'We have decided to provide all 11 members with the right to use free tickets and have already conveyed the meaning to the members.'"
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It's 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.
silk781220@sportschosun.com
