IST responds
hello.
This is IST ENTERTAINMENT.
We regret the recent apparent misinformation regarding trademark rights and would like to correct it.
Contrary to what has been reported, we have decided to provide all 11 members of The Boyz with the right to use the trademark free of charge, and have already conveyed this intention to the members.
In addition, we wanted to allow free use of the trademark in any activity (including unit and individual activities) that the 11 members agreed to.
Furthermore, we have decided to terminate the exclusive contract early for one member who still has about 6 months left on his contract, regardless of the remaining contract period, in order to support his activities with the new agency, and have already conveyed this intention to the member.
The decision we made to provide the free use of the trademark to the members themselves, the 'main body of the team', rather than to a new agency, was a decision based on our consideration for a deeper and smoother encounter and more active activities between the members and fans in the future.
We thought it would be more appropriate to provide the free usage rights to the 'members themselves' in order to support the sustainability of The Boyz, a team that is loved by many people, and their barrier-free encounter with fans.
The rumor that 'it is reported that they demanded an excessive trademark price' and the rumor that 'the new company made demands that exceeded the normal level' are also not true.
Rather, our company was in a position to wait for various proposals with an open attitude regarding trademark rights, and only had some basic and normal discussions for a smooth handover.
Although our relationship with The Boyz has come to an end, we promise to support The Boyz so that they do not experience any inconvenience in their future activities, and we will sincerely cheer on their future endeavors.