EXO-CBX’s Label INB100 Criticizes SM’s Focus on Profit Over Artists’ Well-Being

EXO-CBX’s Label INB100 Criticizes SM’s Focus on Profit Over Artists’ Well-Being

In their official statement, INB100 challenged SM’s response to the main issues raised during their press conference, deeming it “absurd”and “petty”.

On June 10, Chairwoman Cha Gawon, the major shareholder of BPM Entertainment and co-founder of ONE HUNDRED, the parent company of EXO-CBX’s label, attended an emergency press conference called by INB100.

INB100 revealed that SM Entertainment is requesting a 10% share of the profits from the solo activities of EXO members Baekhyun, Chen, and Xiumin, even though the trio’s contract with the company was only for group promotions and they were not being compensated for it.

The 5% music distribution fee that they were promised also did not materialize.

EXO-CBX's Label INB100 Complains About SM Only Seeing Artists as 'Money-Makers'
(Photo : EXO-CBX (News1))

Following the idols’ decision to file a lawsuit due to unclear settlement and contract terms, SM responded by stating that the idols were requesting a sales percentage in accordance with standard industry practices. This reignited previous allegations that the idols had been influenced by BPM and ONE HUNDRED to take legal action against SM before their contract expired in 2023.

On the 10th, INB100 shared their thoughts about this, stating:

“Chairman Cha Gawon and CEO Shin Donghyun are very sorry for SM, which is once again claiming that this is tampering, and demand SM to disclose their standards for tampering.”

The trio further informed SM that they would pursue legal action for this defamation, emphasizing:

“We will take strong action against SM, who claims tampering, including holding them accountable for all civil and criminal charges for defamation and spreading false information.”

EXO-CBX's Label INB100 Complains About SM Only Seeing Artists as 'Money-Makers'
(Photo : Chairman Cha Gawon (News1))

In its complete declaration, INB100 condemned SM for its “outrageous”and “petty”behavior, accusing them of diverting attention from the main issue through nitpicking and introducing irrelevant arguments.

SM previously refuted claims that Baekhyun was solely managing INB100 and clarified that he is now working under ONE HUNDRED, a company connected to MC Mong, who has been accused of influencing EXO-CBX.

Despite the idol’s side denying any tampering, it is a fact that Baekhyun initially founded the label as a one-person management. However, as he realized he could not effectively balance both his business and idol activities, he entrusted a reliable expert, who happened to be ONE HUNDRED, to assist him.

EXO-CBX's Label INB100 Complains About SM Only Seeing Artists as 'Money-Makers'
(Photo : EXO-CBX (News1))

IN100 sternly complained with this.

“As a large agency, SM who cannot provide a reasonable refutation of the essence of the situation should stop making petty claims that are irrelevant from the core issue, such as criticizing public opinions.”

In addition, they expressed disapproval towards SM’s pursuit of money, stating:

“Forcing only obligations to artists without honoring their own promises is a behavior that clearly shows that they have only thought of artists as money-makers for themselves.”

Despite some netizens siding with SM Entertainment, the majority of EXO-Ls (fandom) have shown their support for the trio by organizing a hashtag party on X and using the phrase, “JUSTICE FOR CBX.”

Related Articles:

iiTzTimmy announces switch from DSG to Moist Esports in mid ALGS split move
Mission: Yozakura Family Episode 11 Release Date, Time, and Where to Watch

Leave a Reply

Your email address will not be published. Required fields are marked *