BTOB leaves Cube Entertainment after 11 years

The boy band BTOB, which debuted in 2012, not only possesses strong singing and stage performance abilities, but the members also excel in various other areas. From variety shows to dramas and even their every new song release, they become the talk of the town, constantly gaining popularity.

However, BTOB, which is about to enter its 12th year since debut, has successfully renewed its contract once, but there are rumors that the group's contract renewal is still not finalized. There are also reports of a member preparing to leave and a group contract fee of 60 billion Korean Won. All of these reports have been categorically denied by CUBE.

On Nov 6, Korean media reported that the contracts of all members of BTOB with CUBE have already ended last week and they have decided not to renew. However, the reason for the failure to renew is not the previously reported issue with the renewal fee, but a dispute over the use of the group's trademark.

In fact, on the 1st of this month, BTOB and CUBE's second renewal is imminent, and after the members contacted other planning companies, a group contract fee of 60 billion Korean won was offered because they were interested in attracting BTOB's trademark.

But according to industry insiders, BTOB is not only a rare group with both song performance and production capabilities, but also explores variety shows and acting. Therefore, it is true that they have been offered a high contract fee for BTOB, but all the members have a strong desire to maintain the group BTOB. Hence, they have adjusted the final contract fee with CUBE Entertainment.