Fifty Fifty producer SIAHN reveals Kakaotalk messages showing JHJ was aware of and updated on the label deal proposal all along

    naver.me/5rMtnH6J


    Google translation of The Giver's full statement in the bottom half of the article (screenshots in the link):


    "Attract CEO Jeon Hong-joon approved the label deal that Dugiverse was offered by Warner Music Korea in advance and was frequently briefed on the progress.

    Looking at the previous situation of the transcript released by CEO Jeon Hong-joon, CEO Jeon Hong-joon inquired about Dougibus CEO Ahn Seong-il about attracting investment from overseas, and while CEO Ahn Seong-il was looking for a way, he was offered a label deal with Warner Music Korea. was delivered to CEO Jeon Hong-joon, followed by a conversation between Warner Music Korea and CEO Jeon Hong-joon.

    This is the KakaoTalk content of the actual conversation.

    On December 19, 2022, CEO Jeon Hong-joon inquired about attracting investments such as advance payments from the United States to solve the insufficient funding problem, and Dugiverse proposed a plan from February 22, 2023 to March 2023 as a way to solve attract's financial problem. Until April 10, 2023, we discussed the label system with Warner Music Global and Warner Music Korea. However, on April 22, 2023, CEO Jeon Hong-joon hoped for an advance distribution investment and direct listing method rather than a label deal, so Dugiverse said that it was the CEO's choice in the end and did not discuss it any further.

    CEO Jeon Hong-joon received a 'label deal through a direct distribution company' from Dugiverse's CEO Ahn Seong-il. The label deal is a structure in which an artist belongs to a label of a global direct distribution company and uses the direct distribution company's financial power and infrastructure to achieve coexistence. Global direct distributors include Warner Music Korea, Universal Music Korea, and Sony Music Korea.

    On the other hand, there is 'advance distribution investment' as a way for the artist's agency to utilize the distribution company's funds. The agency can use this fund relatively freely, but it has a clear obligation to repay.

    CEO Ahn Seong-il suffered from extreme stress and pain during the production of the Fifty Fifty album. This is because CEO Jeon Hong-joon did not put the advance payment received from the distributor Interpark into the production cost on time, and the funds were not executed at the promised time, so the production cost payment to the partner company was overdue/in arrears, and eventually the debut was delayed. In light of the girl group's album production reality, where numerous partners (broadcasting, marketing team, overseas PR, platform company, stylist, hair makeup, choreography team, etc.) must collaborate organically, the uncertainty of the production cost is inevitably a big risk. In addition, in a situation where it is not easy to secure excellent personnel due to the attract structure, collaboration with direct distribution labels was thought to be a way to facilitate overseas work.

    For efficient album production, artist activities, and stable growth of Attract, Dugiverse proposed to CEO Jeon Hong-joon and delivered the approved label deal to Warner Music Korea (the expression 'buyout' in CEO Jeon Hong-joon's transcript is a share). It refers to acquisition investment, and it is a kind of label deal. CEO Ahn Seong-il used the expression label deal, but he never used the word buyout). The deal with the label was not sudden as CEO Jeon Hong-joon had continuously asked CEO Seong-il Ahn to mediate the investment attraction.

    Dugibus was faithful to the role of a bridge that connects and helps in the middle. Unlike the early days when we discussed overseas investment or label deals for stable operation, after the success of the Fifty Fifty Cupid album in April 2023, CEO Jeon Hong-joon changed his stance and refused label deals, sticking to the advanced distribution investment method. . After that, Warner Music Korea also turned to investment in prepaid distribution and discussed with CEO Jeon Hong-joon.

    On July 3, when the recording was released with Warner Music Korea, the statement that he had not heard anything about the label deal is false, and the claim that CEO Ahn Seong-il proceeded alone without the approval of CEO Jeon Hong-joon is also false.

    Advance distribution investment or label deal is not something CEO Ahn Seong-il can decide, but only his agency Aftract, which is the party to the contract, can decide.

    It is incomprehensible that CEO Ahn Seong-il and Duggy Bus, who proposed a good environment for CEO Jeon Hong-joon, his agency, and artists, are accused of being behind the impure forces."


  • AllKill VIP

    Jesus can they just keep mum until the court case, I'm tired.


    But also Siahn only use the word label deal when discussing it but JHJ initially said buy-out and now is acting all shocked JHJ thought it wasn't a buy out when Siahn didn't use that word? Either JHJ is dumb and thought it wasn't a buy out after talking with Siahn or he changed his mind. Either way they are all tools and I want a court to settle this and just tell us the entire goss and be done.

    Quote from Dreamer95

    So he crawled back from the cave just to say this? Nothing on Cupid's credits? Nothing about them refusing deals on behalf of Attrakt? Cone on John Wick, this just proves that the rest is all true.

    Well, he did address the cupid rights, but the media didn't push it that hard. He said he legitimately acquired the rights as producer and the 9K that came later from Attrakt was applied to get them their "neighboring rights" to get the agency their cut. The way he went about it could be seen as slippery though. It's not true that Attrakt isn't gonna see any money from cupid. In fact, JHJ himself changed his tune recently when he said he now expected the money from cupid streams would come in a few months and from that the girls would be paid - if they drop the suit and came back...


    My guess as to why he's only coming out with this now is that he was saving it for his lawsuit with Attrakt. If so, looks like there may be movement on that front.

    Quote from Dreamer95

    He actually refuted that

    “정산금 30억?”... 돈방석 소리 나왔던 '피프티피프티', 소속사가 단호한 입장 밝혔다
    '30억 정산금'소식 나왔던 '피프티피프티', 소속사 공식 입장,삼성 '갤럭시 Z플립 5' 광고 루머 나왔던 피프티피프티
    www.wikitree.co.kr


    "According to Star News on the 11th, 'Atract' CEO Jeon Hong-joon said, ... The settlement of domestic music revenue for 'Cupid' came in a little around June. In the case of music revenue generated from overseas charts, it takes about 4 to 9 months. It will probably settle around August or September. Even if the settlement amount is 3 billion won, it is negative from the company’s point of view. The settlement for each member is set separately.”

    Quote from neigl

    The Problem is that jhj is messing with the chronological order. Its worse than the Marvel Universe. :pepe-sad:

    Jeon was never that strong with details. Siahn is an enemy he can't beat. Siahn underestimated Jeon's power in the Korean media and the vulture reporters and youtubers, but Jeon is no match for Siahn's team.


    It seems Ms. Baek, who owns a part of Cupid's copyright, is the real brain of this and she is not well exposed. This is a game Jeon can't win.

    Quote from Dreamer95

    He actually refuted that

    a lot of things he had said contradict each other. Siahn's team and the members (Sio's maternal uncle, who appears to be the brain on the members' side) are collecting such contradictions to be used after the public madness has died down.


    I am not saying siahn is an angel or the members are innocent. It is just like that Jeon is a kindergartener compared against Siahn on this matter.

    Quote from oneinamiyeon

    Well, he did address the cupid rights, but the media didn't push it that hard. He said he legitimately acquired the rights as producer and the 9K that came later from Attrakt was applied to get them their "neighboring rights" to get the agency their cut. The way he went about it could be seen as slippery though. It's not true that Attrakt isn't gonna see any money from cupid. In fact, JHJ himself changed his tune recently when he said he now expected the money from cupid streams would come in a few months and from that the girls would be paid - if they drop the suit and came back...


    My guess as to why he's only coming out with this now is that he was saving it for his lawsuit with Attrakt. If so, looks like there may be movement on that front.


    If Attrakt gave the money for the rights and he put them in his name then dont see how he wins the lawsuit at all.

    Quote from ForgottenSoul

    If Attrakt gave the money for the rights and he put them in his name then dont see how he wins the lawsuit at all.

    Attrakt only paid for the rights to use the songs. Siahn actually bought the whole copyright for himself. IT could be morally criticized but since he did that on his initiative Jeon cannot take that away.


    Siahn said he will only reveal the receipt at the courtroom

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