There have been several speculations about the comeback of BTS, the South Korean boy band after they revealed about their new project while receiving an award at the 2019 Mnet Asian Music Awards held in Japan.
After receiving the award of the Album of the Year, Jimin, one of the members of the band, said in their acceptance speech, "We're working on our next album now, and I think we'll be able to put out an even better album than you're expecting. Please look forward to it a lot."
However, on Tuesday, a Korean media outlet reported that BTS is working on their new project and will be making their comeback in February 2020. In response to this, BTS's agency, Big Hit Entertainment, said, "We will reveal the comeback schedule when it has been confirmed."
Reports of legal dispute between BTS and its agency
BTS at Variety's award ceremony
Meanwhile, the agency has also denied recent reports that claimed BTS is in a legal battle with Big Hit Entertainment over their contract and profit distribution. The boy band's agency has released an official statement on Tuesday regarding such claims, which were made by JTBC on its 'News Room' and demanded an explanation along with an apology from the media outlet.
Demands apology from JTBC
The statement read, "Before we make our official statement on the issue, the agency, BTS, and their parents ask JTBC to reveal what their intentions were when reporting these claims."
The agency said that the reports are groundless and BTS is not planning to take any sort of legal action against the agency. They have also asked for proper justification of what the media outlet meant by profit distribution issue as the reports are not clear. According to Bit Hit Entertainment, BTS is discussing the matters with the agency and it does not affect their contract.
Read the statement issued by the agency here
In anyone wish to read the complete statement issued by Big Hit Entertainment, then here it is:
Hello, this is Big Hit Entertainment. We will state our position on the claims made on JTBC's "News Room" by reporters Choi Soo Yeon and Lee Ho Jin yesterday (December 9) at 8 p.m. KST. The following position is shared by BTS, their parents, and the agency. Before we make our official statement on the issue, the agency, BTS, and their parents ask JTBC to reveal what their intentions were when reporting these claims. Just as we previously stated in response to JTBC's reporter Im Ji Soo, the reports are groundless. Currently, BTS and their parents are not planning on taking legal action against the agency. The reports are unclear about what the profit distribution issue is between the agency and BTS. The agency and BTS are currently discussing matters that do not affect BTS's exclusive contract. If they exaggerated this issue to make it seem like there is a huge dispute, then it does not follow the order of the matter. Our position on the reports is as follows. 1. The reports claimed, "BTS sought legal advice from a large law firm over the distribution of profits with their agency, and the group is considering taking legal action." This is not true. After the reports were released, we checked with the BTS members and their families, and they confirmed that they did consult with a law firm in the Gangbuk district of Seoul two months ago about part of the exclusive contract (related to the video content business). We confirmed that this did not progress into an official request, and the law firm did not give an official consultation. Since then, the agency and BTS have continued to discuss [the part of the contract in question], and the reports claiming that the agency and BTS have been in a dispute over this matter are false. The issue in question is just a small part of the many businesses run by the agency and BTS. Even if there were a problem with the matter, it's a small issue that would not affect [BTS's] exclusive contract. It's not that BTS is taking legal action because of failed negotiations with the agency regarding the contract. Rather, they consulted with a law firm and are now discussing the matter with the agency. JTBC reported on this after switching the order of events. The agency has been actively encouraging BTS and their parents to seek counsel from accountants, lawyers, and other professionals on matters related to finance, settlements, legislation, and other matters. The value of BTS is growing every day, and as a team and as individuals, it is natural for them to seek external professional opinions. At the same time, as an important partner, we are aware that conflicts may arise between the agency and BTS, and we have been working through all issues, regardless of level of importance, through active discussion. Therefore, it is not true that BTS and their parents are taking legal action against the agency because of a few isolated matters, and we demand to know the intention of the reports. 2. The reports claimed, "Ahead of their contract renewal last year, BTS had problems with the agency over profit distribution. They could not resolve their differences and are preparing to take legal action." This is not true. BTS currently has no intentions to take legal action against their agency about profit distribution or their exclusive contract. The media wrote reports using negative terms such as 'differences in position,' ' conflict,' and more to make it seem like the agency and BTS are having a serious dispute. We would like to express deep regret over the reports that seem to be encouraging conflict. In regards to the contract renewal signed last year, the agency and BTS went about [drafting the contract] with the acknowledgment of each other as equal partners. The process of contract renewal was not simple because of BTS's growing value. After a lengthy discussion between the agency and BTS about their contract renewal, we proceeded with the most exemplary contract renewal in the industry. 3. The reports linked the agency to other problems and violated journalistic code of conduct. Immediately after the reports were released, there were reports on other entertainment agencies that were unrelated to [Big Hit Entertainment]. We deeply regret that they tried to link the agency with issues that have nothing to do with us. JTBC made exaggerated claims without checking the facts properly. They not only tried to link the agency with completely unrelated issues, but they also showed conduct that makes us question if they are indeed a media outlet that strictly follows journalistic code of ethics. As if coming to the agency's office without prior consultation and asking questions without any explanation weren't enough, they entered the building without an access card and used footage filmed inside without permission for their broadcast. It seems as though they knew it would be problematic, as they decided to delete the footage filmed without permission before posting it online." We have security footage of the JTBC reporter's intrusion as well as the video used in their first report. We believe that as much as the press has the right of freedom of speech, they need to follow proper procedures and policies when covering news. In this sense, we plan on filing a complaint regarding JTBC's violations. No matter what JTBC's intentions were when reporting the claim, the reports are not true. JTBC exaggerated part of the content and reported it as if it were true, and the agency and BTS have been harmed by the reports linking us to unrelated issues. We believe that JTBC released reports without following even the most basic of procedures and demand a sincere apology and response from JTBC. Thank you. From Big Hit Entertainment (The statement was shared by Soompi on its website)