As of October 15, BEAST′s 7 years contract with Cube Entertainment officially ended. The 5 members of BEAST have decided not to renew their contract with the agency and plan to begin their own company.On October 16, it was reported that although BEAST was thankful to Cube Entertainment, they decided not to renew their contract so that they could begin a new challenge.
However, Cube Entertainment commented on their contract with BEAST stating, "It is true that our contract with BEAST has ended. However, we are still discussing the renewal of the contract. Nothing has been finalized."
There has been interest on BEAST′s contract renewal since earlier this year. BEAST went through their first critical situation in April when member Jang Hyun Seung left the group. However, in July, BEAST reassured fans that the group will remain together through a variety of sources.
Meanwhile, BEAST, who celebrated the 7th year since their debut on October 16, shared messages of thanks to their fans through their personal SNS channels.