In response to recent reports suggesting that girl group FIFTY FIFTY is set to receive billions of won in royalties, the agency ATTRAKT has come forward to address these claims. A representative from ATTRAKT firmly denied the reports, stating, "This is a completely baseless story," and emphasized that the distribution company has yet to finalize anything.
Earlier on the same day, a media outlet reported that FIFTY FIFTY was expected to receive a settlement amounting to billions of won by the end of the month. Industry experts had estimated the figure to be over 3 billion won, but ATTRAKT dismissed these claims as "unfounded."
FIFTY FIFTY is also entangled in a legal battle over their exclusive contract with ATTRAKT. FIFTY FIFTY's side has cited various reasons for the termination of the contract, such as opaque financial arrangements, being pressured to engage in activities despite health issues, and a lack of support in terms of resources and personnel.
SHARE
Mariah Carey's "All I Want For Christmas" is estimated to net her anywhere from $600,000 ~ $2,500,000 a year each year during the winter season where it reaches #1 on the charts all around the world, but also is played literally everywhere, all the time for a solid month and a half. She wrote and produced the song.
Cupid has never reached even close to those heights, nor did Fifty Fifty write or produce their own song. To expect millions or even from a song that had some international chart success, that is both out of touch and simply just arrogant.
I really liked Fifty Fifty's Cupid (and songs like Lovin' Me and Tell Me) and their success with Cupid has been nothing but astounding, and I was rooting for them. But a dose of reality is needed here am afraid.
1 more reply