Netizens defend IST Entertainment.
It’s entertainment previously announced that it had granted THE BOYS full rights to use the trademark of your group’s name free of charge. This statement followed the allegations of Hundred over a trademark dispute involving the group’s soon-to-be former agency. Shortly after, 10Asia have reportedly acquired a copy of IST Entertainment’s original requests to One Hundred. According to 10Asia, these requests would allow IST Entertainment to continue benefiting from profits even after THE BOYZ leaves the company. Allegedly, IST Entertainment offered free use of all 56 brands associated with the group, as long as members signed a contract with three specific conditions. The conditions included a limitation on profits made from past content, permission to sell remaining inventory, and a ban on remakes and remastering.
Following the news, netizens turned against One Hundred, defending IST Entertainment. They say the requests are far from absurd or excessive and are in fact standard procedure.
- Well, as far as merchandise goes, as long as the guys haven’t worked on it themselves, I think it’s pretty standard procedure. Of course the company can sell it.
- Cento needs to let go of things that need to be let go. They didn’t raise the kids.
- The new company sucks.
- Do they want IST to swallow inventory losses? What’s wrong with selling it?
- Sigh, what’s up with their new company?
- The new company is so strange…
- I’m no longer surprised because 10Asia’s Kim Ji Won was a name I saw so often when HYBE was bullying NewJeans. LOL. Not surprising.
- Huh? There is nothing wrong with their requests. The issue of remastering is also standard procedure. Of course they have to pay to use it.
This comes after IST Entertainment denied One Hundred’s claims that the company made it difficult for THE BOYZ to obtain the rights to their name. You can read more about it below.
IST Entertainment’s allegedly absurd demands on THE BOYZ and their new company revealed
