Cube Entertainment

Cube Entertainment
Native name
 큐브엔터테인먼트
Public
Traded as KRX: 182360
Industry Entertainment
Genre
Founded August 29, 2006 (as Playcube, Inc.)[1]
Founder
  • Hong Seung-sung, Simon
  • Shin Jung-hwa, Monica
Headquarters Seoul, South Korea
Key people
  • Hong Seung-sung (Co-founder and chairman)
  • Shin Jung-hwa (Co-founder and CEO of Music Cube)
  • Shin Dae-Nam (CEO of Cube Entertainment)
  • Noh Hyun-Tae (Vice president of Cube Entertainment)
Revenue Increase ₩ 22.3 billion (2015)[2]
Decrease ₩ -5.5 billion (2015)[2]
Owner
  • SidusHQ (30.61%)
  • Hong Seung-sung (14.64%)
  • Others (54.75%) (2017)
Number of employees
 53
Subsidiaries
  • Music Cube, Inc.
  • Cube DC
  • Cube Entertainment Japan
  • Starline Entertainment
Website www.cubeent.co.kr

Cube Entertainment Inc. (Korean: 큐브엔터테인먼트) is a South Korean entertainment company. The company operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house.

The label currently manages several artists, namely Jo Kwon, Jang Hyun-seung, BTOB, CLC, Pentagon, (G)I-DLE and notable trainees such as Yoo Seon-ho, Jo Woo-chan and Lai Guan-lin. It also manages several entertainers, including Lee Hwi-jae and Heo Kyung-hwan. It was formerly home to K-pop artists such as 4Minute, Beast, G.NA, and Roh Ji-hoon.

As of 2017, most of the label's music is distributed by Kakao M (formerly LOEN Entertainment) through a partnership agreement.

History

Cube Entertainment was founded on August 29, 2006 by Hong Seung-sung (aka Simon Hong), former president of JYP Entertainment, and Shin Jung-hwa (Monica Shin) as Playcube Inc. Due to the founder's past relations, Cube is sometimes mistaken as a subsidiary of JYP Entertainment, however, it is an independent corporation.

In 2009, Cube's first two groups debuted, with girl group 4Minute debuting in June and boy group BEAST in October.

In 2011, independent label A Cube Entertainment was founded, managing girl group Apink set to debut in the same year.

In 2012, sub-label Cube DC was launched, managing boy group BTOB which debuted in March.

Comedian Kim Kiri, a regular cast member on Gag Concert, signed onto Cube in September 2012, making him the first comedian under the label.

During late 2012, Park Chung-min became the CEO of Cube, after founder Hong Seung-sung stepped down due to his sickness.

In 2013, Korean entertainer Rain signed a contract with Cube Entertainment. He officially joined after he concluded his military service on July 10, 2013. Three months later Cube released a digital single for its new soloist artist, Shin Ji-hoon who placed in the top 6 in Korean singing competition K-pop Star 2. Another new soloist, Oh Ye-ri released her debut digital single, "Because of You" on November 6, 2013. She was the winner of MBC's MBC College Song Festival in 2009.

In August 2014, sub-label Cube DC merged with Cube.[3]

Cube's second girl group CLC debuted in March 2015.

At the end of 2015, A Cube Entertainment, which manages Huh Gak and Apink, was acquired by its distributor, LOEN Entertainment. LOEN bought 70% shares in A Cube, therefore making it the sole owner of the agency. A Cube became a separate and distinct label under LOEN Entertainment with the new name Plan A Entertainment.[4]

In March 2016, Cube acquired Starline Entertainment as subsidiary. In June 2016, Cube's first girl group 4Minute disbanded. At the end of 2016, Shin Dae-nam was elected to be the new CEO of Cube Entertainment, replacing former CEO Park Chung-min.[5][6] New boy group Pentagon debuted in October 2016. This was followed by Cube's first boy group Beast leaving Cube in December 2016.

At the beginning of 2017, Universal Music sold their 8% stake in Cube.[7] Following this, Cube Entertainment signed a distribution deal with Kakao M (formerly LOEN) for future music & content circulation.[8]

In mid-2017, Cube's two male trainees Yoo Seon-ho and Lai Kuanlin participated in Mnet's Produce 101 Season 2. Lai Kuanlin was chosen to be part of the final lineup for project boygroup Wanna One after finishing in 7th place, while Yoo Seonho finished in 17th place. Lai Kuanlin debuted in Wanna One in August 2017, and will be promoting with the group until December 2018. Meanwhile, Jeon So-yeon who participated in the first season of Produce 101 debuted as a soloist in November 2017 with her song "Jelly". Jo Kwon of ballad group 2AM signed as a solo artist under the label in the same month, after staying for 16 years in JYP Entertainment.

TV personality Lee Hwi-jae signed a contract with Cube on March 5, 2018.[9] In a report released in April 2018, Cube said that it had successfully made profit in 2017, a welcome improvement after incurring severe losses in 2016.[10] In April 2018, Yoo Seon-ho debuted as a soloist. On May 2, Cube debuted (G)I-DLE, its their third girl group after 4Minute and CLC. May 5, Cube Entertainment announced '2018 United Cube - ONE-' concert. The concert with the Cube artists will take place at KINTEX in Ilsan on June 16 [11] and were sold out in 2 mins. [12]

In August 2018, Pentagon member E'Dawn and Hyuna announced their relationship. On September 13, Cube Entertainment announced that they would be terminating their contracts, citing that they could not "maintain trust" with them.[13][14] After a backlash from the fans and a drop in stock price, Cube declared that the situation is still being considered and nothing has been decided yet for Hyuna and E'Dawn, saying that the issue will be discussed on a board meeting.[15]

Philosophy

Cube Entertainment advocates their idols to become artist-type idols through writing, composing, and recording songs. [16]

Artists

All artists under Cube Entertainment are collectively known as United Cube.

Recording artists

Actors

Entertainers

Studio artists

Dance Team

Former artists

Discography

Concerts

  • 2011 United Cube Concert: London (December 5),[23] São Paulo, Brazil (December 13)[24][25][26][27]
  • 2013 United Cube Concert
  • 2018 United Cube - One (June 16) [11]

Awards

Year Award Category Result Ref.
2017
Korea Drama Awards
 Global Management Award Won

See also

References

  1. ↑ Andre Paine (January 5, 2010). "UMG Partners With Korean K-Pop Firm". Billboard. Retrieved July 20, 2013.
  2. 1 2 "Full earnings and ranking of top agencies like SM, YG, and JYP revealed for 2015".
  3. ↑ "Cube Entertainment Merges with Cube DC to Bring Rain, BEAST, 4Minute and Others under the Same Roof". Soompi. Retrieved 29 July 2017.
  4. ↑ "LOEN Entertainment buys majority of A Cube Entertainment's shares". Allkpop. November 25, 2015.
  5. ↑ 큐브엔터, 신대남 대표이사 체제 변경 2016-12-27
  6. ↑ 큐브엔터, 신대남 대표 체제로 변경…내년 새로운 도약 준비 2016-12-27
  7. ↑ Universal Music sells 8.0 pct stake in Cube Entertainment 2017-2-16
  8. ↑ 큐브엔터 로엔엔터테인먼트와 유통 계약 체결 (공식입장) 2017-2-27
  9. ↑ "이휘재, 큐브엔터와 전속계약…현아와 한솥밥[공식]". entertain.naver.com. Retrieved 2018-04-04.
  10. ↑ "Shin Daenam, Cube Entertainment CEO "To Regain Big 4 Entertainment"". Retrieved April 3, 2018.
  11. 1 2 "큐브엔터테인먼트, 패밀리 콘서트 6월 16일 개최..'5년 만'". mkculture (in Korean). May 5, 2018.
  12. ↑ "큐브 패밀리 콘서트, 티켓 오픈 2분 만에 매진". YTNStar (in Korean). May 10, 2018.
  13. ↑ "We're Dating, K-Pop Stars Declare. You're Fired, Their Label Says". Retrieved 2018-10-07.
  14. ↑ "큐브 "현아-이던 퇴출, 신뢰 회복 불가능"(공식입장 전문)" (in Korean). Newsen. September 13, 2018. Retrieved September 13, 2018.
  15. ↑ "Cube Entertainment Backtracks, Says They're Still in Talks with HyunA & E'Dawn: Report". Billboard. Retrieved 2018-10-07.
  16. ↑ "신대남 큐브엔터테인먼트 대표 "엔터테인먼트 빅4 명성 되찾을 것"". Retrieved April 3, 2018.
  17. ↑ "'SM 스테이션영의 프로젝트 걸그룹은 '슬기 X 신비 X 청하 X 소연'?". SportsKhan. 2018-08-08.
  18. ↑ https://www.ibtimes.co.in/hyun-edawn-part-ways-cube-entertainment-782323
  19. ↑ "'퇴출 번복' 현아, 결국 이던과 큐브 떠난다… "신뢰 회복 불가능"".
  20. ↑ Sung So-young (5 November 2015). "Rain announces new album, concert tours". JoongAng Ilbo. Retrieved 18 February 2016.
  21. ↑ https://www.ibtimes.co.in/hyun-edawn-part-ways-cube-entertainment-782323
  22. ↑ "'퇴출 번복' 현아, 결국 이던과 큐브 떠난다… "신뢰 회복 불가능"".
  23. ↑ Sunwoo, Carla (6 December 2011). "4minute, G.NA and BEAST perform in London". Joongang Daily. Retrieved 26 May 2016.
  24. ↑ Lee, Sun-min (3 November 2011). "K-pop to land in South America". Joongang Daily. Retrieved 26 May 2016.
  25. ↑ Joo, Kyung-don (12 December 2011). "Show goes on for Beast member". Joongang Daily. Retrieved 26 May 2016.
  26. ↑ Sunwoo, Carla (14 December 2011). "Fans greet K-pop groups for first concert in South America". Joongang Daily. Retrieved 26 May 2016.
  27. ↑ Sunwoo, Carla (21 December 2011). "Cube Entertainment artists impress fans on Brazilian TV". Joongang Daily. Retrieved 26 May 2016.
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