News Viviz wins injunction against BPM for unpaid settlements (2 Viewers)

[Abeamus]

Roughly $64k per member they each are missing



@Buddy ​

 

[Abeamus]

@Na.V

 

[RandAlThor]

now if they can just actually get the money!

 

[StirFriedPanda]

now if they can just actually get the money!

That is the catch.

 

[Abeamus]

now if they can just actually get the money!

The company already refused to pay the settlement money owed but a screenshot I saw had Taemins makeup and hair costs not being paid as far back as August with Viviz own statement around March or April mentioning how the final due date for payment was meant to be in November but BPM delayed for a month longer.

 

[RandAlThor]

The company already refused to pay the settlement money owed but a screenshot I saw had Taemins makeup and hair costs not being paid as far back as August with Viviz own statement around March or April mentioning how the final due date for payment was meant to be in November but BPM delayed for a month longer.

What a cluster.
Time and again it seems the kpop business model is just crazy fragile.
Far too many companies crash out. The amount of kids who leave the big companies and start up just to insta crash.
These ppl had established stars and screwed the pooch.
I mean all business are hard with the 20/ 50/ 65 % fail rule for 1/5/10 years.
but kpop seems to be in worse than the ~30/60/80 max restaurant range.
Many are clearly under capitalized.
Maybe they are in the VC area where 75% - 90% fail but they are looking for that lightning in a bottle breakout.
And the lower tier folks are just hanging around barley making payroll looking for the miracle.

 

[Abeamus]

What a cluster.
Time and again it seems the kpop business model is just crazy fragile.
Far too many companies crash out. The amount of kids who leave the big companies and start up just to insta crash.
These ppl had established stars and screwed the pooch.
I mean all business are hard with the 20/ 50/ 65 % fail rule for 1/5/10 years.
but kpop seems to be in worse than the ~30/60/80 max restaurant range.
Many are clearly under capitalized.
Maybe they are in the VC area where 75% - 90% fail but they are looking for that lightning in a bottle breakout.
And the lower tier folks are just hanging around barley making payroll looking for the miracle.

Well to be fair this might be more sinister than just the company failing as much as Mc Mong and the other CEO taking advantage of idols looking for a new company and pocketing the income that was meant to be invested back into them which it was always confusing where they were getting all this money to buy these artists and now both the CEOs are blaming each other for the controversy surrounding the company

 

[RandAlThor]

Well to be fair this might be more sinister than just the company failing as much as Mc Mong and the other CEO taking advantage of idols looking for a new company and pocketing the income that was meant to be invested back into them which it was always confusing where they were getting all this money to buy these artists and now both the CEOs are blaming each other for the controversy surrounding the company

MC Mong has to have burned up all possible good will , he keeps screwing up.

 

[Abeamus]

MC Mong has to have burned up all possible good will , he keeps screwing up.

Clearly feeling pretty bold about it to actively mess with pretyt large fanbases like EXO, SHINee and Viviz though not to mention Lee Mujins like that's a lot of fans to try your hand at pissing off

 

[StirFriedPanda]

Clearly feeling pretty bold about it to actively mess with pretyt large fanbases like EXO, SHINee and Viviz though not to mention Lee Mujins like that's a lot of fans to try your hand at pissing off

The fans should visit the headquarters with shovels, pitch forks and a habanero enema.

 

[Selfmate]

interesting