The news that all 7 members of GOT7 left JYP due to money conflicts, the company determined to play tricks with the group?
GOT7 has officially become the first group to not pass the “7-year curse” in 2021.
On January 10, JYP announced that all 7 members of GOT7 had not renewed their contracts, leaving JYP Entertainment at the same time. The members will sign contracts with different agencies and promise to spend time reuniting under the name GOT7. They officially became the first group this year to fail the “7-year curse”.
Before that, there were many signs that GOT7 and the company had conflicts with each other as J.Y.Park unfollowed the GOT7 members. On the contrary, the boys also unfollowed J.Y.Park and deleted the photos together. Recently, a shocking rumor has surfaced on social networks: the cause of GOT7’s departure is due to a money conflict with the company, directly related to the new contract.
Specifically, the press has reported that JYP is expected to grow more this year because they have changed the contract structure with the artist, in order to bring more profits to the company. Previously, their contract structure consisted of 60% for the company and 40% for the artist for their domestic promotions. While 30% for the company and 70% for the artist for international promotions.
As GOT7 became one of the most popular kpop groups internationally, their earnings became huge. The company had to pay accordingly (30% to the company/70% to the artist) for international promotions as stated in the contract. With this, fans are thinking that maybe that was the reason why the company didn’t promote the group more to reduce their popularity and reduce the amount paid to the members.
Even a clip in the past was also mentioned by netizens, showing that there may be a money conflict that is the reason GOT7 chose to leave the management company. On the show Knowing Brothers, J.Y.Park even revealed that GOT7’s Jinyoung made even more money than he did.
However, this is just a rumor and nothing guarantees the accuracy of the information. The real cause of all 7 GOT7 members leaving the company is still unknown.