Newjeans changes its name to NJZ, announces new songs and performances
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Newjeans participates in the event SBS Music Awards 2024 Red Carpet at Inspire Arena on December 25, 2024 in Incheon, South Korea.
Chosunilbo JNS | Imazin | Getty Images
The South Korean group for girls Newjeans announced today that it will perform in March under its new name NJZ, in the midst of a permanent legal dispute with the ador management label.
In an interview with CNBC on “Squawk Box Asia“The group said they would perform at ComplexCon Hong Kong Festival Set for March 21 to 23, and added the event to NJZ as Ko-Headliner.
The five -member band will discover a new song on the last day of the event, and members will also perform solo during the festival, the group said.
The event can mark the first major event of the group because he said it was separated with Adora. Her members said they had terminated his contracts with the company on November 28.
However, Ador allegedly filed two prohibitions at the South Korean courts, one in December Confirm the validity of the group contract and Another one in January In order to stop the group from the independent signature of the advertising contract, according to the South Korean news agency Yonhap.
Ador is a K-Pop Powerhouse Hybe Sublabel, which manages groups, including the boy’s band BTS. Hybe’s shares decreased by 0.63% shortly after the interview.
An announced new name
The group, formed in 2022, also announced its new name, NJZ, On Instagram today,, After he had previously asked for fans to hand over the idea for the temporary name of the group after allegedly leaving Adora.
Reported Korean Herald That Newjeans have completed all “main obligations”, forbiding some of the advertisements related to ads, under the contract with ADOR from January 5th.
Danielle group member told CNBC that the situation is still “pretty scary for us” and added that Ador “still mixes a lot of our work.”
Hanni member also added that the goal of NJZ for 2025 was “the release of music as quickly as possible … because we want to bring the focus back to our job and what we should be.”
She added, “Honestly, we didn’t do anything wrong, so we’re not afraid of anything at the moment. I think we’re more excited to see what the future has, and I’m sure everything will succeed well.”
Newjeans claims that “he will never return” Hybe and Adora, while Ador said that groups contracts remained valid by 2029.
South Korean media reported to be hearing for The dispute of the contract will be held in AprilWhile hearing is to prohibit an advertising contract Allegedly scheduled for March 7th.
The group became one of the most popular K-Popa faces when she made her debut in 2022, winning numerous praise at the South Korean awards, and their songs appear on the Billboard ladder. In 2024. Newjeans also won The Group of Year Award at the music ceremony in Billboard.
Contractual dispute
Told Newjeans at a press conference on November 28 That Ador leave, claiming that the label had violated the contract with the band.
The move saw that Hybe lost as much as 6.97% of its shares price or $ 423 million values from its market cap on November 29.
“Staying here would be a waste of time and only the pain would bring me mentally,” Hanni said then.
“We can’t get professionally from our stay here, so five we see no reason to stay in Adora,” according to a Translation of South Korean media outlet Yonhap.
Seoul, South Korea – November 28: Haerin, Danielle, Hanni, Minji and Hyein of Girl Group Newjeans attend a press conference on November 28, 2024 in South Korea. K-Pop Girl Group Newjeans holds a press conference announcement of the termination of their contract with the ADOR agency.
Chung Sung-Jun | Getty Images Entertainment | Getty Images
Newjeans was at the center of a long-term dispute to manage between Hybe, then the ADOR MIN HEE-Jin director, which formed Newjeans back in 2022.
In AprilHybe accused Mun of trying to take a Sublabel Independent, along with Newjeans.
Min denied the allegations and denied Hybe, saying that they copied the concept of a newJeans to be used with another band for girls in another Hybe branch.
Min stepped up as the ADOR CEO in August, But he remained as a company director before he left completely on November 20th.