After weeks of speculation about the group's future with Cube Entertainment, BEAST officially launches its own independent music label named Around US Entertainment. An official confirmed that Doojoon, Dongwoon, Yoseob, Kikwang and Junhyung are indeed partners with the agency.
Around US Entertainment is finally open, an official from the agency confirms. The official adds that the agency was named as such because it wants to create content that will bring them closer to people and have them engage more frequently. The agency also aims to give content that fans and everybody else will enjoy.
The artists still have a long path to walk and have much more to do," the official states, allkpop reports. "Please regard us positively as our label and the artists walk down this path together. Once again, we appreciate the many who gave their unchanging trust, support, and love, which allowed [B2ST] to be here today.
The agency also extends its gratitude to Cube Entertainment CEO Hong Seung Sung and the employees of Cube Entertainment for looking after the members of BEAST. Although it was not expressly mentioned, it is assumed that the current members of BEAST have are already signed artists under Around US Entertainment.
BEAST members' contracts with Cube Entertainment expired on Oct. 15. At the time, the members did not express their intention to re-sign with the agency, which they've been with for seven years. It was announced then that the group plans to put up its own independent music label.
Prior to the announcement from Around US Entertainment, it was hoped that BEAST would remain with Cube Entertainment, which they have been a part of for seven years since their debut with "Bad Girl" in 2009. Koreaboo previously reported that Cube Entertainment has sent contract proposals to the members and is still waiting for their response.
On the other hand, former BEAST member Hyunseung has remained with Cube Entertainment. He recently signed an exclusive contract with the agency, which promises to do its best to provide the singer with the support and assistance he will need to develop his career. Hyunseung exited BEAST in April this year to pursue a solo music career.