The agency representing the trio has issued an official statement.
According to a report released by Korean news outlet Newsen on June 10, EXO-CBX members Chen, Baekhyun, and Xiumin will be holding a press conference in the afternoon of the same day.
According to reports, INB100 reported that a negotiation took place following EXO-CBX’s legal action against SM Entertainment for unfair treatment, resulting in the successful termination of their exclusive contracts with the agency.
The conflict was resolved through negotiation, with Baekhyun’s company announcing that INB100 would now be responsible for EXO-CBX’s activities.
Regrettably, the agency revealed that SM did not adhere to the terms of the agreement and has additionally requested a 10 percent share of its sales.
INB100 announced that the upcoming conference would address the agency’s unjust behavior, as a result of SM’s inactivity and disregard for the agreement.
“In June last year (2023), EXO-CBX filed legal actions such as the termination of exclusive contracts and a lawsuit with the Fair Trade Commission through a joint statement with SM Entertainment.
During that time, the two parties resolved the situation through negotiations, as both sides agreed that it was important for EXO to continue its normal activities more than anything else.
According to the agreement concluded at that time, INB100 was established to carry out the activities of EXO-CBX and its individual members.
However, SM Entertainment continued to ignore the negotiated terms, which were the foundation of the agreement, and has also demanded 10 percent of the revenue from the artists’ solo activities under INB100.
Moreover, INB100 has sent proof of unfair treatment, but SM Entertainment has not responded to the matter for more than two months. We intend to denounce SM Entertainment’s unfair actions.”
On Twitter, users, including Eris, expressed their reactions to the update, with many expressing anger towards SM Entertainment for ignoring the agreement. However, there were also individuals who were eagerly anticipating the highly-anticipated press conference.
Peruse their responses down below:
what’s the point of having an indiv company if the other would still benefit from their indiv activities plz. make it make sense @ sm https://t.co/SWd6nxBkI1
— maine. (@nagyudons) June 10, 2024
Despite being an established company for years, SM still seems to lack an understanding of professionalism. Asking for 10% of sales for work solely done by the boys and INB100 just shows how much of a bully they can be. Disgusting https://t.co/g2NgSHSLW8
— tiny ও (@tinyloeyyy) June 10, 2024
SM saw that Baekhyun concert money and went ‘let me get a piece’ https://t.co/nWJp3Nd5S0
— Letuce leave 5 star reviews only🍞 (@SKZ_lettuce) June 10, 2024
Yoooo whaaaaat the fuuucckkkkk SM is trying to take a piece of their individual albums/activities…The whole point of INB100 was it being a SEPARATE company from SM for Baekhyun, Chen, and Xiumin’s solo albums and other endeavors…God I hate SM so much https://t.co/LjVj4MIQRL
— Mintella ✴︎ (@mintelladarling) June 10, 2024
cheering for exo-cbx and the entire INB100 staff for their bravery and always fighting for what is right and fair. sm really messed with the wrong people, their karma is finally here! CEO BAEKHYUN, FIGHTING 🥹🫂 https://t.co/rT84rSIUdj
— phia⁷ (@90sloveyuno) June 10, 2024
sm asking “10% of sales from their individual activities” OH HELL NAH SM IS REALLY NASTY AND NOT SEEING THE LIGHT OF HEAVEN 🤨🤨🤨🤨 https://t.co/bN9Ty8vmiW
— Belੈ♡˳ (@exorijilleo) June 10, 2024
YASSSS!!!! let’s fight for your rights!!! https://t.co/n6wstJFYHh
— 𝑴𝒂𝒚𝒃𝒆𝒍𝒍𝑨𝒆𝒓𝒊✴︎🍒🍓✴︎ (@Aeri1485Maybell) June 10, 2024
SM saw that Baekhyun concert money and went ‘let me get a piece’ https://t.co/nWJp3Nd5S0
— Letuce leave 5 star reviews only🍞 (@SKZ_lettuce) June 10, 2024
SM demanding 10% of CBX’s solo sales revenue is INSANE considering SM put NOTHING into their solo careers. lmfao, drag their asses @INB100_official!!!!!! https://t.co/GEugGDExqJ
— chloe (@babyuyus) June 10, 2024
GET THEM. https://t.co/QimV0oIJdw
— b (@bakabaek) June 10, 2024
https://t.co/V13Gttkt7c pic.twitter.com/SdgI9wmbaH
— 🕳 (@jieunbaeks) June 10, 2024
SM, you definitely have a special place in hell because hoping for your downfall isn’t enough and the artists who are still under your company don’t deserve the ill wishes. But man, I’m so freakin mad again 😡😡😡 https://t.co/lS35c8C7Uk
— Karie ✴︎ (@karie202) June 10, 2024
We would like to hear your thoughts on this. Please share them in the comments section below.
Leave a Reply