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After renewing their SM contracts in December 2022, Chen, Baekhyun, and Xiumin from EXO CBX sought to terminate them in June 2023, criticizing the contracts’ fairness. MC Mong from BIG PLANET MADE was allegedly the influence behind their decision, a charge he has refuted.
Later, an agreement allowed SM to manage EXO’s group events while CBX’s own agency would oversee their solo ventures, with a clause that 10% of earnings would be shared with SM. Baekhyun’s INB100, formed in January 2023, initiated solo projects with Chen and Xiumin.
In April, a request from SM to adhere to their deal was ignored by CBX, who also resisted complying with the contract terms. Afterward, INB100 united with ONE HUNDRED, the parent of Big Planet Made. On June 10, during a press conference, INB100 contested the fairness of their revenue-sharing agreement with SM.
SM may seek damages if their obligations are not honored by CBX. In response, CBX could potentially file a countersuit to void their contract.
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Frequently Asked Questions
Why is SM Entertainment suing EXO CBX?
SM Entertainment is suing EXO CBX for allegedly not complying with the terms of their newly revised contract, which includes the requirement to pay SM 10% of their solo project revenues.
Who is said to have influenced EXO CBX’s decision to leave SM?
MC Mong of BIG PLANET MADE is accused of having been the influence behind EXO CBX’s decision to leave SM, although he has denied these allegations.
What is the relationship between INB100 and ONE HUNDREED?
INB100, the company established by Baekhyun, joined forces with ONE HUNDRED, which is the parent company of Big Planet Made.
What could happen if CBX does not comply with their contractual obligations?
If CBX fails to meet their contractual obligations, SM Entertainment could pursue a claim for damages.
What stance has EXO CBX taken regarding the lawsuit?
In response to the potential lawsuit from SM, EXO CBX is considering filing a lawsuit of their own to nullify the contract, citing its unfairness.
