KUALA LUMPUR, May 2 — Korean music label ADOR chief executive officer Min Hee-jin music label reportedly asked parent company HYBE to terminate the exclusive contracts of members...
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Sources from the music industry revealed that Min asked HYBE authority to terminate exclusive contracts without the approval of the board of directors, reportedMin is the creative director of the popular NewJeans, who are signed under ADOR, which is a subsidiary label of HYBE. Currently, HYBE owns 80 per cent of ADOR’s shares which allows them to hold shareholder meetings to decide the status of their artists.
This escalated the ongoing in-fighting between ADOR and HYBE over NewJeans, which began on April 22 when Min and her ADOR executives were accused of taking over HYBE’s majority shares.
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