EXO’s Chen, Baekhyun, and Xiumin (EXO-CBX) have claimed unfair treatment by SM Entertainment.
EXO-CBX’s agency, INB100, announced they would hold an emergency press conference on June 10 KST.
“Last June, EXO-CBX took legal action, successfully terminating exclusive contracts and filed a complaint with the Fair Trade Commission through a joint statement with SM Entertainment.
At that time, both parties negotiated and resolved the situation, believing that both parties felt that EXO’s activities were the most important, and per the agreement at the time, artists’ activities and names as EXO-CBX were done through INB100.”
— INB100
But it seems that SM has ignored the agreement and has demanded a portion of sales.
However, SM ignores the agreement’s premises and demands that INB100 give 10% of the sales of the artists’ activities. Although INB100 has sent proof of this, SM has not responded for over two months. We plan to report SM Entertainment’s unfair treatment.
— INB100
Netizens are also surprised at the sudden press conference announcement.
- “Didn’t they renew contracts though?”
- “Not this bullsh*t again.”
- “But the contract is terminated, so what they’re claiming is that there isn’t anything in the agreement requiring them to provide profit from personal activities? So the contract is only valid when doing group activities?”
- “I guess INB100 is tight on money.”
- “Again…?”
- “Here we go again…”
- “There doing this again???”
- “Are they doing this after seeing Min Hee Jin’s press conference? This is something totally different though.”
Stay tuned for more updates on the press conference.
Source: newsen and theqoo
