According to this rumor on social media and online communities, the label TS Entertainment officially closed its doors on July 8 of this year. It has also been speculated that the agency has been shut down since January 31, 2021. The company is known to have faced a number of lawsuits, including one filed by rapper Sleepy, and it's said more than 13 artists and members of groups have filed legal suits against the label for alleged mistreatment and physical abuse.
TS Entertainment was formerly home to SECRET, B.A.P and more. SONAMOO and TRCNG were last known to be signed to the label.
However, nothing has been confirmed yet.
A/N: I hope this rumor is true because TS is literally one of the worst agencies ever! Neglecting, abusing and holding back so many aspiring talented artists. I only feel bad for the good staff members (and all idols ofc) who will be unemployed but sometimes it's better to be looking for a job than working a job which is violating basic human rights.