In a groundbreaking turn of events, FIFTY FIFTY, caught in a tangled web with their management agency, is set to receive their inaugural payment this month.
Insider sources within the music industry reveal that the group's financial fortunes have taken a positive turn, paving the way for long-awaited settlements.
FIFTY FIFTY Gets First Paycheck: Will Saena, Sio, and Aran Share the Wealth?
The intriguing twist in this financial tale lies in the primary source of FIFTY FIFTY's first payment—revenues from music streaming platforms.
Achieving profitability a mere two years post-debut, the group's success is all the more remarkable considering the absence of income from advertisements, concerts, and guest appearances due to ongoing disputes.
The driving force behind this financial feat is the global triumph of their hit track, "Cupid," a sensation on major platforms such as Billboard and Spotify.
According to the international music revenue settlement system, the awaited compensation for their hard-earned streaming income is finally within reach, with the process taking 4 to 9 months from the time of revenue generation.
Keena to Receive Paycheck in First-Ever Payment as FIFTY FIFTY's Lone Member with Ties Intact
Keena, the lone member who has mended ties with the agency, is expected to rake in a substantial first payment, reaching over $7,574.
Keena, set to receive her initial settlement, remains committed to her role in FIFTY FIFTY. The group's nomination for the '2023 Billboard Music Awards' adds prestige, with Keena positioned as the sole representative.
Plans to restructure the group, placing Keena at the forefront, are also in motion, promising a new chapter for FIFTY FIFTY.
Amidst this financial breakthrough, the future remains uncertain for three members—Saena, Sio, and Aran—embroiled in disputes since April.
Contract terminations and a resolve to continue legal battles cast a shadow over their chances of receiving settlement payments, leaving fans and industry insiders on the edge of their seats, eagerly awaiting the next chapter in FIFTY FIFTY's financial saga.
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KpopStarz own this article.
Madison Cullen wrote this.
