The Cupid famed K-pop girl group FIFTY FIFTY received the verdict in the legal battle to settle the disputes with their managing agency ATTRAKT. An unexpected news came after, which probably shocked fans. The agency announced a new audition show currently titled Girl Group Project. This progress has the fans wondering about the future of FIFTY FIFTY and if they will eventually disband. Let’s explore the current situation.
The latest update of FIFTY FIFTY vs ATTRAKT lawsuit
The youthful singers previously shared that they will proceed with their lawsuit to suspend their contract with ATTRAKT. They also filed an additional lawsuit against the company’s CEO, Jeon Hong Joon, for negligence and embezzlement. However, the girls also shared that this is a challenge they must overcome to ‘protect their music’ and right the wrongs.
Seoul Central District Court on dismissing FIFTY FIFTY's request for injunction to suspend their contracts with ATTRAKT:
“It is difficult to conclude that the trust relationship has reached a point of no return without knowing if the members' requests for correction were met by… pic.twitter.com/29TiEG49W2
— Pop Base (@PopBase) August 28, 2023
- Following this, on August 28, the court sided with the entertainment label and dismissed the plea of preliminary injunction of the FIFTY FIFTY to nullify their contract. The authorities said that although the company failed to share information regarding the profit distribution, they didn’t conduct any other acts sufficient to break the contract.
Will FIFTY FIFTY disband?
As the court didn’t permit the quartet to nullify the contract with their current managing label, their future is under a lot of attention. However, according to the latest update, FIFTY FIFTY will file an appeal against the court’s initial verdict and continue their lawsuit.
FIFTY FIFTY filed an immediate appeal against the court’s decision to reject their request for a preliminary injunction. They are proceeding with a lawsuit at the same time. #FIFTYFIFTY #피프티피프티 pic.twitter.com/qmjTUHjOOg
— fifi archive (fan account) (@fifiarchived) August 30, 2023
- Meanwhile, the company’s CEO, Jeon Hong Joon, shared a statement expressing feeling vindicated. He also shared that he hopes the two parties can mend their frayed ties and continue to work together.
- These updates hint that the dispute is not yet completely resolved, but it also hints that the FIFTY FIFTY members or ATTRAKT are not planning to disband the group. HUNNIES will have to wait a bit longer to see how the dispute concludes.
ATTRAKT launches new audition program
The K-pop managing company has announced that they will launch a new audition program to form a girl group in the first half of the upcoming year amid the FIFTY FIFTY dispute. The company will further announce the details, such as the dates of airing, the number of participants, or the theme of the new girl group in the upcoming months.
https://twitter.com/attraktaudition/status/1698350179269980309?t=yyCZZPsILAvncZ7Y-lXOLA&s=19
- ATTRAKT has also bagged an investment deal from a Singapore-based company, Evergreen Group Holdings. The investment company will draw in 10 million won (7.57 million USD) by the end of September.
- The label highlighted that the promise of investment was made three days before the court’s ruling in their press release. In other words, they emphasize that the company is investing with trust in CEO Joon’s capabilities rather than the value of the viral girl group.
Attrakt succeeds in attracting new foreign investors despite lawsuit with FIFTY FIFTYhttps://t.co/sO73177mvz pic.twitter.com/TD9koMgsQL
— pannchoa (@pannchoa) August 31, 2023
- Netizens’ reaction to the new updates remains mixed. While many netizens are empathetic with ATTRAKT concerning the court’s ruling, many are also cheering FIFTY FIFTY to resolve the dispute and return to the music scene with new tracks.
What is your opinion about the proceeding of FIFTY FIFTY’s dispute with ATTRAKT? Share with us in the comments below. For more content, stay with us here at Spiel Times. Make sure you subscribe to our push notifications and never miss an update. You can also follow us on Spiel Anime, Twitter, Instagram, and YouTube. Until next time!
