EPT300K in debt.... No wonder we never got a GLAM comeback....
Korean Music Discussion - Page 5281
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PepsiMaxxxx
Sweden5452 Posts
300K in debt.... No wonder we never got a GLAM comeback.... | ||
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URfavHO
United States514 Posts
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PepsiMaxxxx
Sweden5452 Posts
300K is a BIG amout of money, dunno what she got for them though. | ||
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nanashin
United States1584 Posts
But looks like there's still only two artists that use her vocaloid. | ||
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DwD
Sweden8621 Posts
Trainee cost should come out of profits which is why everyone and their mothers always say that to launch an idolgroup you need to spend big bucks before you see a return and it will take years to make it back. That's why they always have such shitty contracts when they are just starting out because the company wants their money back. Something is off here... | ||
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Wesso
Netherlands1245 Posts
On October 13 2014 04:01 DwD wrote: How the hell does a nogu have a 300K debt with her company... Trainee cost should come out of profits which is why everyone and their mothers always say that to launch an idolgroup you need to spend big bucks before you see a return and it will take years to make it back. That's why they always have such shitty contracts when they are just starting out because the company wants their money back. Something is off here... Exactly what I was thinking, 300k and they debuted in 2012, pre-debut the costs should be low. Maybe it's just the number that the company has invested in her (which I assume is normally the risk of the company not hers), but in that case why would she be so desperate as to try and blackmail someone? | ||
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Nesserev
Belgium2760 Posts
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DwD
Sweden8621 Posts
On October 13 2014 05:26 Nesserev wrote: It's also possible that her debt is not caused by her being an artist at the company, but that she took a personal loan at the company, and is now drowning... Yep I'm thinking that has to be the reason for the debt. She took a loan to be able to live with day to day expenses. I've never heard of such a shitty contract before that would put you in such heavy debt for things the company should pay for. I also wonder how legit such a contract would be and if it would be upheld in court if she would've protested it. Can you really write such a contract when the future is so uncertain? Hell not even Nine Muses had such shitty terms lol. | ||
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Craton
United States17281 Posts
On October 13 2014 05:39 DwD wrote: Yep I'm thinking that has to be the reason for the debt. She took a loan to be able to live with day to day expenses. I've never heard of such a shitty contract before that would put you in such heavy debt for things the company should pay for. I also wonder how legit such a contract would be and if it would be upheld in court if she would've protested it. Can you really write such a contract when the future is so uncertain? Hell not even Nine Muses had such shitty terms lol. In American law no, but SK tends to let them get away with a lot of shit. | ||
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shin_toss
Philippines2589 Posts
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Sovano
United States1503 Posts
On October 13 2014 09:05 shin_toss wrote: lol 300m won wtf.. where did she spend it tho/ That's what I'm wondering. I don't know how the music industry works, but what I thought happened was that a company scouted for people for a group (or just a solo singer) that they think they could invest in. The costs of the investment would just be partially taken from the profits the soloist/group makes afterwards. I can't really imagine people paying to become music trainees, but maybe I'm wrong...but if what I said is true how does one spend $300,000 in two years on day-to-day expenses? | ||
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Nesserev
Belgium2760 Posts
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nanashin
United States1584 Posts
Madtown's song is fkbad. Two X 2015 comeback GET! | ||
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{ToT}ColmA
Japan3260 Posts
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shin_toss
Philippines2589 Posts
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ASie
United States777 Posts
![[image loading]](http://38.media.tumblr.com/a3453bc94acf738e1e9b07b212bfb17c/tumblr_ndd0kl2svT1sf8k6bo1_1280.png) I think it's safe to say that A Pink (#3) and Girl's Day (#6) are rising to the top of girl groups with their huge recent growth. The other ones listed in the top 5 are SNSD (#1), IU (#2; On October 13 2014 17:45 Disregard wrote: IU is a girl group amongst herself. Fair enough. | ||
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PepsiMaxxxx
Sweden5452 Posts
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Disregard
China10252 Posts
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PepsiMaxxxx
Sweden5452 Posts
On October 13 2014 17:45 Disregard wrote: IU is a girl group amongst herself. Ailee is in there as well. | ||
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Nesserev
Belgium2760 Posts
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