The Givers have issued a new statement addressing Fifty Fifty’s agency recent voice recording that allegedly shows proof external forces were trying to poach the members linking The Givers CEO back to it.
The subcontracting company, The Givers, which was responsible for the music production of Fifty Fifty, released an official statement on the afternoon of the 3rd of July.
Read their statement!
First, we express deep regret to Attrakt for causing confusion to the parties involved, as well as the media and the public, based on inaccurate circumstances.
Until now, we have not made any official statements or responses and have maintained a neutral position. The reason for this is that issues between the affiliated company and the artist would be subject to legal discussions among the parties involved, and we did not want to create unnecessary controversy by disclosing unrelated facts.
Attrakt is distorting the facts by falsely claiming that our CEO, An Sung-il, unilaterally discussed the actions of the Fifty Fifty members with Warner Music Korea. This is not true.
Warner Music Korea proposed the structure of a ‘label deal’, and Attrakt’s Jeon Hong-joon expressed a desire to discuss it. This led to the connection between Attract and Warner Music Korea because the information was conveyed.
The structure of a ‘label deal’ refers to an investment method used domestically and internationally, where a small to mid-sized company with limited funds and infrastructure is placed under a global distribution label. The company’s operations remain the same, but funding and infrastructure are provided to facilitate smooth operations.
At that time, Attrakt, which lacked funds and needed stable operations, saw this proposal as a positive signal. We believed that it would benefit the company and the artists in the long run, so we conveyed Warner Music Korea’s proposal.
At that time, CEO Jeon Hong-joon expressed a desire for Attrakt to go public and declined the offer from Warner Music Korea. However, he expressed interest in advanced investment. In response, Warner Music Korea modified the proposal accordingly. We are not decision-makers, and we did not play any unnecessary role in this process. Attrakt had a responsibility to communicate with Warner Music Korea without knowledge of the details, and Warner Music Korea adjusted the proposal direction according to Attrakt’s opinions.
Attrakt claims that we, as an agency, had ulterior motives and manipulated the situation because they did not accept Warner Music Korea’s label deal. This is not true at all. We are a company specializing in planning, production, and producing, and the contractual relationship between the affiliated company and the artist is not directly related to our business operations. We do not gain any benefits from such a process. Please stop forcing a frame that shifts the responsibility for the issues between the affiliated company and the artist onto an unrelated company.
The main reason we announced the suspension of our work with Attrakt is due to fundamental structural issues that have persisted since before the establishment of Attrakt, as well as the difficulties in production operations caused by a lack of budget. We tried to improve this by establishing a new corporation, Attrakt, to minimize existing risks and introduce a new system. However, it was not smooth. We have performed various tasks to build Attrakt’s good reputation and have devoted the energy, infrastructure, and stamina of four to five employees for more than two years, from before the establishment until now, including the Cupid project. However, the underlying problems were not resolved. We have had multiple conversations with CEO Jeon Hong-joon, but we could not reach an agreement, and the project ended as a result.
Even during this process, we tried to cooperate actively if there were any tasks that could be helpful without causing harm to either party. Therefore, even after the end of our business on May 31st, we fulfilled our responsibilities regarding overseas promotion projects.
The reason we did not make any statements is that all the attention and harm caused by the false frames that deviated from the essence of the issue would ultimately return to the Fifty Fifty members, who are the artists. Attrakt continues to doubt and undermine the reputation of the individuals who have devoted themselves to the Fifty Fifty project during difficult times.
Please focus on the issues between the company and the artists. Please stop spreading speculative false frames and damaging our reputation.
The truth will be revealed through legal procedures, so please stop making unilateral claims inciting the media and the public with malicious false facts that deviate from the essence of the issue. If the dissemination of false information and damage to our reputation continue, we will respond strongly with legal actions.
Source: (A)
