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- Joined
- Apr 2, 2023
- Messages
- 11,801
- Credits
- 73,716
They debuted 6 months ago.
"WM Entertainment announced that #USPEER exclusive contract has ended 31 Dec 2025. After discussion with LeeWonmin, who's in charge of the group's production, they have amicably concluded the negotiation regarding their exclusive contract & trademark rights."
"Since being acquired by RBW in April 2021, WM Ent. has maintained its existing structure as an independent label. However, due to financial difficulties and declining profitability, former WM representative director Lee Won-min, who planned #USPEER, was dismissed, and the company is currently undergoing an internal restructuring. In this process, it led to the unprecedented termination of an exclusive contract just 6 months after debut."
"WM Entertainment announced that #USPEER exclusive contract has ended 31 Dec 2025. After discussion with LeeWonmin, who's in charge of the group's production, they have amicably concluded the negotiation regarding their exclusive contract & trademark rights."
"Since being acquired by RBW in April 2021, WM Ent. has maintained its existing structure as an independent label. However, due to financial difficulties and declining profitability, former WM representative director Lee Won-min, who planned #USPEER, was dismissed, and the company is currently undergoing an internal restructuring. In this process, it led to the unprecedented termination of an exclusive contract just 6 months after debut."
- Joined
- Apr 2, 2023
- Messages
- 11,801
- Credits
- 73,716
Former founder of WM Entertainment, Lee Wonmin, has established a new agency called MW Entertainment.
He has reunited with former employees with whom he worked for a long period at the new agency.
MW Entertainment has also signed a contract with USPEER, following the end of the group's exclusive contract with WM, and with the trademark rights passing to CEO Lee Wonmin.