2024-04-26 10:00:43
Hive, which is currently auditing whether there was an attempt to seize management rights from its label Adore, announced the interim audit results on the 25th.
According to the audit results, Hive confirmed the specific facts that a plan to seize management rights was established led by the CEO of Adore and also secured physical evidence.
During the investigation, one of the audit subjects submitted information assets containing plans to seize management rights and contacts with external investors as evidence, and also admitted to writing a Hive attack document for this purpose.
According to the face-to-face investigation and the conversation transcripts included in the submitted information assets, Adore CEO Min Hee-jin instructed executives to prepare a way to pressure Hive to sell its shares in Adore.
In accordance with this instruction, methods for terminating the exclusive contract with the artist and invalidating the contract between Adore’s CEO and Hive were discussed in detail. There were also conversations such as, ‘Let’s bring in global funds and make a deal with Hive,’ ‘Critical appeal for everything that Hive does,’ and ‘Think of ways to harass Hive.’
The conversation log also included action plans such as ‘preparing for public opinion in May’ and ‘making Adore an empty shell and taking him out.’
Hive also obtained a statement from the audit subject that “The wording ‘ultimately exiting Hive’ is a transcription of what the CEO of Adore said.”
Based on the data, Hive plans to submit a complaint on the 25th against those involved on charges of breach of trust.
Hive plans to do its best to provide psychological and emotional care for New Genes members and support them for a successful comeback in the future. We also plan to meet with the members’ legal representatives as soon as possible to discuss ways to protect the members.
Park Ji-won, CEO of Hive, said, “We apologize to our fans, artists, and members for causing concern due to events that occurred in the process of upgrading the multi-label.” “I will do my best to ensure stability,” he said.
[Queen 김경은 기자]
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2024-04-26 10:00:43