CJ E&M clarified rumors of contracts with the Wanna One members.
Following statements concerning the Fair Trade Commission and unfair contracts by Congresswoman Jae Yoon Kyung, rumors stated at least 9 members of Wanna One signed contracts with subsidiaries that were connected to CJ E&M. There was speculation that along with Kang Daniel and Yoon Ji Sung, who are signed with CJ E&M subsidiary MMO Entertainment, 7 other Wanna One members were signed to companies owned at least 50% by CJ E&M.
Many found the rumors problematic as it would mean the 'Produce 101' competitors chosen to be a part of Wanna One were favored for being under the CJ E&M umbrella. However, CJ E&M stated, "It's true Kang Daniel and Yoon Ji Sung are trainees under a subsidiary. However, the rest of the members are not under labels that CJ E&M owns stock in."
There were also allegations that CJ E&M treated their contracts with the 'Produce 101' trainees as exclusive contracts. However, reports say CJ E&M revised clauses in the contracts according to the Fair Trade Commission and held meetings with the trainees' respective agencies multiple times earlier this year.
Following statements concerning the Fair Trade Commission and unfair contracts by Congresswoman Jae Yoon Kyung, rumors stated at least 9 members of Wanna One signed contracts with subsidiaries that were connected to CJ E&M. There was speculation that along with Kang Daniel and Yoon Ji Sung, who are signed with CJ E&M subsidiary MMO Entertainment, 7 other Wanna One members were signed to companies owned at least 50% by CJ E&M.
Many found the rumors problematic as it would mean the 'Produce 101' competitors chosen to be a part of Wanna One were favored for being under the CJ E&M umbrella. However, CJ E&M stated, "It's true Kang Daniel and Yoon Ji Sung are trainees under a subsidiary. However, the rest of the members are not under labels that CJ E&M owns stock in."
There were also allegations that CJ E&M treated their contracts with the 'Produce 101' trainees as exclusive contracts. However, reports say CJ E&M revised clauses in the contracts according to the Fair Trade Commission and held meetings with the trainees' respective agencies multiple times earlier this year.
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