On November 6, CUBE Entertainment announced that their contract with the group BTOB has expired and they have come to a mutual agreement not to renew.
Hello,
It's Cube Entertainment.
We would like to express out official position regarding BTOB's official activities.
We discussed carefully with the members for a long time ahead ot he expiration of BTOB's second exclusive contract and as a result, we decided not to sign a re-contract under mutual agreement.
With this, Cube Entertainmen, BTOB Seo Eunkwang, Lee Minhyuk, Lee Changsub, Lim Hyunsik, Peniel and Yook Sungjae are wrapping up their 11-year companionship.
BTOB, which debuted on March 21, 2012, has established itself as a boy group representing the third generation of K-pop with its outstanding singing skills and music loved by the public.
We would like to thank BTOB for their proud performance as a member of Cube Entertainment for a long time, and MELODY for always being supportive of BTOB.'
Unfortunately the relationship between Cube Entertainment and BTOB has come to an end here, but we will sincerely support the new growth and shining future of BTOB with endless possibilities.
Please show your unwavering love to BTOB who is starting another journey.
Thank you.
We look forward to the new endeavors BTOB embarks on moving forward.