鞠婧祎与丝芭“互撕”，后者集结多家一线投资机构

Core Viewpoint - The ongoing legal dispute between actress and singer Ju Jingyi and her management company, Siba Media, revolves around contract duration and income distribution, with both parties presenting conflicting claims regarding the validity of contracts and financial arrangements [1][2][3]. Group 1: Contractual Dispute - Ju Jingyi's side claims that her contract with Siba Media expired in June 2024, while Siba Media asserts that a supplementary contract extends the agreement until August 2033 [1][3]. - Allegations from Ju Jingyi's team include Siba Media's forgery of signatures and the use of "dual contracts" to conceal and misappropriate her earnings [1][3]. - Siba Media counters by detailing payments made to Ju Jingyi, claiming over 139 million yuan (approximately 19.5 million USD) has been settled, and providing evidence to refute claims of exploitation [3][5]. Group 2: Financial Implications - The dispute is characterized as a multi-million yuan contract conflict, with Siba Media's claims of exclusive rights to Ju Jingyi's name and likeness extending until 2033 [9]. - The financial stakes are significant, as Siba Media has undergone four rounds of financing, achieving a valuation exceeding 5 billion yuan (approximately 700 million USD) [11][15]. - The company has faced challenges in revenue generation, particularly during the pandemic, leading to strategic shifts towards e-commerce and the development of a metaverse platform [17][20]. Group 3: Industry Context - The conflict highlights systemic issues within the idol management industry, particularly regarding income transparency and the contractual obligations between artists and management companies [9][20]. - The entertainment industry is witnessing a trend of rising disputes between artists and their management, indicating a need for improved regulatory frameworks to protect artist rights and ensure fair income distribution [21].