It looks like idol group BEAST will be creating their own label! The 5 members have joined together to create a new agency, 'Around US Entertainment.' This announcement is shortly following the recent news of former member Hyunseung's re-signment to Cube Entertainment. On December 16th, the newly created agency issued an official statement, which you can read in full below:

"Hello.

This is our first time greeting everyone. We are Around US Entertainment. (Yes, that is how they styled it.)

With a new year, comes a new start, and now Around US Entertainment is the home to Yang Yoseob, Yong Junhyung, Yoon Doojoon, Lee Kikwang, and Son Dongwoon, who are beginning the second chapter in their careers. With all of the love and support from all of you, we would like to greet you in a more special way to start out.

First, we would like to express our gratitude to all the fans who have been constantly and patiently waiting for the artists in this confusing and insecure situation. BEAST was able to endure this process because of the fans. Because of the trust in each other, sharing the same heart and perseverance, we believe the last 7 years were very precious and the future will become even brighter. In addition, we would like to express our sincere thanks to Hong Seung Song, CEO of Cube, for bringing and growing BEAST. We know that BEAST was able to grow to become what they are now due to the hard work of many people. In the future, Around US Entertainment and Cube will maintain friendly relations.

Around US Entertainment is the name that BEAST carefully chose. We want to make sure that the artist can reach out to the public with more great music and content, things that many people can easily access and enjoy, with a motto of "always by our side." In addition, we will provide BEAST with full support for music, performances, and acting. We will also try to communicate with all of the fans and keep our promises.

While BEAST is walking their path, there are still many things that they can do. We promise that we will do our best to create enjoyable times for the fans, and the artists. Please watch over us well in the future as the the company and BEAST create a new path together.

Once again, we are grateful to all the people for their support, love, and generosity. We wish everyone the best in their health and happiness. This has been Around US Entertainment."

We're excited to see what big things are in store for BEAST from now on!

What are your thoughts on this news? Let us know in the comments below!