The Givers CEO Ahn Sung Il alleges the ATTRAKT CEO was aware of the Warner Korea deal with FIFTY FIFTY
CEO of The Givers, he received a label deal offer fromOn July 12, The Givers asserted,"
ATTRAKT CEO Jun Hong Joon had pre-approved the label deal proposed by Warner Music Korea and received regular updates on its progress.Previously, CEO Jun Hong Joon had disclosed a recording involving one of the executive directors of Warner Music Korea. In the recorded file, Executive Director Yoon mentioned the need to confirm something with CEO Jun and stated,"," the surprised executive director asked,"" In response, Executive Director Yoon explained,".
Today, we had discussions about the label system with Warner Music Global and Warner Music Korea in Korea. We have decided to hold further meetings during the week to discuss each party's perspective on an effective localization strategy. I will provide a separate report after further enhancementDifferences between the two parties emerged on April 22. CEO Jun expressed a preference for advance distribution investment and a direct listing method rather than a label deal.
Direct listing is something to consider for the future, but it's not our goal. So, proceed as you envisioned. Ultimately, it's your, the representative's choiceCEO Ahn Sung Il experienced extreme stress and hardship during the production of the FIFTY FIFTY album. CEO Jun Hong Joon did not allocate the advance payment received from distributor Interpark to production costs on time, resulting in delayed funds execution and payments to partners.
CEO Jun, despite discussing overseas investment and label deals, rejected them after the success of 'Cupid' and insisted on sticking to the advanced distribution investment method. The allegation that he proceeded without the representative's approval is also untrueAdvance distribution investment and label deals are not decisions that CEO Ahn Sung Il can make alone but are aspects that can only be determined by the agency ATTRAKT, as the contracting party.
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