Cube Entertainment‘s executive producer Hong Seong Sung spoke of the devastation, referring to the internal strife.
On March 26, Hong posted a message on his twitter where he wrote, “I would like to talk about what’s happening inside Cube today. Not long ago, Cube’s the largest shareholder changed. But instead of cooperating with artist, they’re leading the internal strife, engaging in awful activities that even thugs wouldn’t do. I’m devastated.”
여러분 현재 큐브에서 일어나는 일들에 대해 얘기하려 합니다. 얼마 전 큐브의 1대 주주가 바뀌었습니다. 그런데 회사 아티스트들을 위해 서로 협력, 협조해야 하는 중요한 시기에 그들은 깡패집단도 하지 않을 법한 일들을 멋대로 일으키며 회사 내분을 주도하고 있습니다.
정말 참담한 심정입니다.
— hongseongsung (@hongcube) March 26, 2020
Lat month, VT GMP announced that they will acquire 30.61 percent of Cube Entertainment from iHQ for 29.1 billion KRW (approx. 24,017,845 USD). Cube Entertainment also announced that their largest shareholder will change from iHQ to VT GMP.
Meanwhile, BTOB, CLC, Pentagon, (G)I-DLE, Jo Kwon, Jang Hyun Seung, Lai Guanlin, Park Mi Sun, Lee Hye Jae are affiliated with Cube Entertainment.