JYP Entertainment rumored to have changed their contract structure because of GOT7 as the previous one benefited the group more than the company

Enough business lessons today.

Fuck :pepe-cute:

I’m so glad Got7 is GotGone

Quote from jinaland

Enough business lessons today.

I don't think this would affect Twice's new contracts cause they are a senior act who will enter negotiations with more power, but this will def influence newer groups who sign with the company. JYP would be stupid af to not offer Twice anything and everything they want when their contracts end since they are carrying JYPs brand.

Quote from crystalblues

I don't know about that, they failed at convincing Wonder Girls and Miss A to stay with their lowball offers among other issues. I hope they will offer Twice better since they have had to literally carry the company since their seniors left right as they debuted, but I would not put it past the company's board of directors to offer them a "new improved deal" that leans for the company.

If they don't they will cripple the company, Twice isn't the only money maker but their tour and brand power is way higher then any other current act. Miss A had problems long before contract renewal, Wonder Girls resigned didnt they? For a bit atleast, thats what I'm hoping for, like a a 3/4 year renewal. Just need jyp to not be stupid but their track record isn't promising...

Quote from crystalblues

yes, Wonder Girls resigned in 2013, and then went on to refuse resigning in 2017. Which if I remember right JYP said he was offended by but toward the end of their run they were treated terribly like god awfully. I really hope JYP learned their lesson when their biggest group ever at that point walked out but it appears they have not since GOT7 just walked out and instead of improving things, they are talking making things more strict.

Every got7 fan knew they weren't resigning due to mismanagement, i have no idea what is going through jyp's execs brains rn but they need to do better.

i see...

The irony of JYPE being salty and petty because of how much GOT7 potentially brought in from international activities when it was them that marketed and pushed them as an international group to begin with. Maybe if they had tried a bit harder to build a more domestic fanbase, they'd would've had more $$ in their pockets.

I think Twice will likely be okay given their status. Though in general, I wonder how this adjustment effects earnings in the likes of Japan since most of JYPE's act, both group and solo, are active there.

Also, I feel kinda bad for NiziU then, because I imagine they gotta share their money with both JYPE and Sony.

I don't get it the OP and the article don't match.

No where in the article does it talk about Got7's promotion being reduced due to the current contract split and no where does it speak of the contractual structure changing or going into the specifics of the current contract structure.

I've read the article Twice and the content of the OP and the article don't match.

Quote from theVillain

I don't get it the OP and the article don't match.

No where in the article does it talk about Got7's promotion being reduced due to the current contract split and no where does it speak of the contractual structure changing or going into the specifics of the current contract structure.

I've read the article Twice and the content of the OP and the article don't match.

Thank you, someone actually read the sources! Yeah, there's literally only one line in the newspim article that talks about contracts being adjusted. Certainly nothing about any of the actual profit-sharing percentages. That all seems to be speculation by the OP.