[ad_1]
Members Chen, Baekhyun, and Xiumin of EXO, currently with agency INB100, are set for a pressing media briefing scheduled for later today, June 10. Their agency has published a detailed statement regarding the event.
The statement by INB100 read as follows:
“Following their legal undertakings in June, which resulted in the termination of their exclusive agreements and the filing of a grievance with the Fair Trade Commission, EXO’s subunit CBX (composed of Chen, Baekhyun, & Xiumin), and SM Entertainment had reached a settlement through a mutual announcement.
At the heart of the resolution was the prioritization of EXO’s endeavors as a group. The arrangement included the creation of INB100 to manage activities under both the individual artists’ names and as EXO’s CBX.
Notwithstanding these previous discussions, it has come to light that SM Entertainment has sidestepped the established agreement, demanding a 10% cut of the trio’s independent venture earnings.
INB100 has alleged this demand as inequitable and provided documentation to support their stance, only to be met with over two months of silence from SM Entertainment. Consequently, Chen, Baekhyun, and Xiumin are convening the press conference to openly discuss these matters.”
Reported by: VKR, Naver
[ad_2]
FAQ – EXO’s CBX and the Press Conference
Why are the EXO members holding a press conference?
Chen, Baekhyun, and Xiumin of EXO are holding a press conference to address SM Entertainment’s alleged unfair treatment in breaching an agreed settlement concerning their independent and group activities’ revenue sharing.
What did SM Entertainment demand according to INB100?
SM Entertainment is claimed to have demanded a 10% share of the revenue from Chen, Baekhyun, and Xiumin’s personal activities, which INB100 argues is not in line with their initial agreement.
What evidence has INB100 submitted regarding the unfairness?
INB100 has submitted documentation to assert the unfairness in the revenue-sharing demand by SM Entertainment. However, specifics of the evidence were not disclosed in the announcement.
How has SM Entertainment responded to INB100’s allegations?
SM Entertainment has yet to respond to the allegations and the submitted evidence, according to INB100’s statement.
