CJ ENM in discussions to extend IZ*ONE contracts
Published 1 month ago
Daily Sports shares an exclusive article about IZ*ONE.
It has been decided to extend IZ*ONE, Mnet’s project group. While those discussions are underway, some less-positive stories regarding the renewals have come up.
It has been told that CJ ENM had started negotiation talks with some of IZ*ONE members’ management companies. Although they have not yet reached all management companies, it has been said that some members have already confirmed to stay [for extension], speeding up the process. If the extension is confirmed, it would be the first amongst all Produce groups.
However, the process of actually writing a proper extension contract is not expected to be easy. While CJ ENM sees IZ*ONE a victim of the rigging incident, the justification of extension will be hard to convince the general public.
Furthermore, an insider claimed ‘While IZONE’s contract was technically planned to end in April 2021, internally, it had been decided that IZONE will only continue with their activities until December 31st, 2020. Which is a result of multiple reasons, including the arrest of Mnet staffs, and the contract termination of the dorm they live in.’ As CJ understands the entirety of this sensitive situation, it has been told that they will respect the opinions of the management companies when writing the new contract.