The K-pop group THE BOYZ is reportedly considering leaving IST Entertainment as their exclusive contract nears its expiration in December 2024. While rumors suggest the members are exploring new management options, the agency has confirmed that discussions about renewal are still underway.
THE BOYZ’s Contract Expiration in December
On September 23, 2024, the South Korean media outlet Ten Asia reported that THE BOYZ, a popular K-pop boy group, may part ways with their current agency, IST Entertainment, after their contract expires in mid-December. According to the report, the 11-member group has been in talks with other agencies, evaluating options that better suit their artistic direction and management needs. This comes as the group looks for transparency in management and alignment with their musical goals.
K-pop contracts typically last seven years, and as the contract expiration approaches, many groups face critical decisions about their future. While renewal is always an option, THE BOYZ is legally allowed to start negotiations with other agencies due to South Korean entertainment regulations. Artists can begin exploring new contracts three months before the expiration of their existing ones, making the current timing significant for the group.
IST Entertainment’s Response
In response to the reports, IST Entertainment issued a statement to Xports News, a South Korean media outlet, clarifying the current situation. The agency confirmed that THE BOYZ’s contract has not yet expired, stating that renewal talks are still in progress. IST Entertainment added that they are working closely with the group to discuss potential future collaborations. However, no final decision has been made as of now.
The agency did not address any specific details about the rumors that the group is in the final stages of discussions with another company, nor did they comment on whether the group intends to stay together under new management or pursue solo careers.
Uncertainty Over THE BOYZ’s Group Name
A key point of concern is whether the group will retain the name THE BOYZ if they decide to leave IST Entertainment. The agency holds the rights to the name, which could become a significant hurdle if the members move to a new company. If they cannot secure the rights, they may have to adopt a new name or negotiate to purchase the rights from IST Entertainment. As of now, no official announcements have been made regarding the ownership of the group’s name or the outcome of any ongoing negotiations.
Recent Activities and Upcoming Comeback
Despite the uncertainty surrounding their future with IST Entertainment, THE BOYZ has been active in preparing for their upcoming comeback in October 2024. This will follow their latest release in March 2024 with the album PHANTASY Pt. 3: Love Letter, which featured the lead track Nectar. The group has continued to receive praise for their energetic performances and catchy music, maintaining a strong fanbase both in South Korea and internationally.
Fans of THE BOYZ, often referred to as THE B (the official fan club name), are keeping a close watch on any new developments, eager to see what path the group chooses. With their contract ending in just a few months, fans are hopeful that the group will remain together, regardless of which agency they ultimately sign with.
THE BOYZ consists of 11 members: Sangyeon, Jacob, Younghoon, Hyunjae, Juyeon, Kevin, New, Q, Haknyeon, Sunwoo, and Eric. They debuted in 2017 and have since gained recognition for their unique music and high-energy performances. As they approach their seventh year as a group, the decision to renew or leave their current agency will likely have significant implications for their future as a team and their brand within the K-pop industry.
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