CJ E&M Music Business Unit has signed exclusive contracts with Eric Nam and Spica, while it has decided to part ways with Jung Joon Young, who has been with the company since Superstar K4.

CJ E&M Music Business Unit′s Ahn Suk Joon said, "We signed exclusive contracts because of Eric Nam′s global growth potential and the potential for a talented girl group like Spica has to take on individual activities as well in the future. We will do our best to help them to go beyond Korea and be global stars through CJ E&M′s music infrastructure."
Eric Nam made his debut with a mini album in 2013 and spread his name through singles Ooh Ooh, Melt My Heart and I′m OK. He has proven himself a multi-entertainer, receiving praise from global top stars for his English skills and command of languages. Spica made its debut as a five-member girl group with single Doggedly in 2012, which drew attention for Lee Hyori′s producing credit.
However, CJ E&M Music Business Unit has parted ways with Jung Joon Young. Despite the fact that Jung Joon Young′s contract ended this year, the company continued to provide management support, but the two sides recently decided not to renew their contract. CJ E&M will be offering support on the management end as well as for his concert until the end of the year and help Jung Joon Young make a fresh start.
As such, CJ E&M Music Business Unit′s roster of artist currently includes SG Wannabe, Davichi, Roy Kim, Eric Nam, Spica as well as Son Ho Young, Hong Dae Kwang, Park Boram and Wable.
source: Mwave (sorry I forgot the source the first time mods!)
asjkfdnsjfnskjdn I was waiting for this news once Eric's contract news came out yesterday!! I'm so glad they have a lifeline now T_T may 2016 be a much better year for both Spica and Eric

no subject
Date: 2015-12-24 04:53 am (UTC)I hope they're given the proper chances, material, management and promotions and slay us.
no subject
Date: 2015-12-24 05:02 am (UTC)is nicole still suck @ b2m tho??
no subject
Date: 2015-12-24 05:25 am (UTC)no subject
Date: 2015-12-24 05:29 am (UTC)no subject
Date: 2015-12-24 05:29 am (UTC)what about Nicole tho? :/
no subject
Date: 2015-12-24 05:31 am (UTC)no subject
Date: 2015-12-24 05:56 am (UTC)no subject
Date: 2015-12-24 06:06 am (UTC)no subject
Date: 2015-12-24 09:15 am (UTC)no subject
Date: 2015-12-24 12:40 pm (UTC)no subject
Date: 2015-12-24 02:53 pm (UTC)no subject
Date: 2015-12-24 06:18 am (UTC)no subject
Date: 2015-12-24 06:29 am (UTC)Eric has strangely gotten popular recently so hopefully CJ E&M can help him capitalize on that.
no subject
Date: 2015-12-24 06:36 am (UTC)no subject
Date: 2015-12-24 06:46 am (UTC)no subject
Date: 2015-12-24 06:49 am (UTC)no subject
Date: 2015-12-24 07:52 am (UTC)no subject
Date: 2015-12-24 06:55 am (UTC)no subject
Date: 2015-12-24 07:42 am (UTC)no subject
Date: 2015-12-24 08:53 am (UTC)no subject
Date: 2015-12-24 11:03 am (UTC)Yaaassss Eric! I'm so happy he's getting on more shows lately, he's such a sweetie.
Here's hoping Spica will finally get that hit song!
no subject
Date: 2015-12-24 11:24 am (UTC)Wishes come true for Christmas! I've been hoping for a Gain and Eric duet all damn year!!!! And it happened <3
I was also wishing for Eric to release an album and it seems it'll be here sooner than later so yaaaay!!!! Christmas is great ❤️❤️❤️❤️
no subject
Date: 2015-12-24 11:26 am (UTC)I wonder why JJY left though. Did his contract end and he didn't renew or was he not offered the chance to renew? He's still popular and provides a good revenue stream so...
no subject
Date: 2015-12-24 03:03 pm (UTC)He seems to be the assertive/do what I want to do type so I wouldn't put it past that it could really be his choice to leave
no subject
Date: 2015-12-24 02:02 pm (UTC)no subject
Date: 2015-12-24 10:07 pm (UTC)*It's been 84 years.gif*
no subject
Date: 2015-12-26 01:47 am (UTC)