EXO’s Baekhyun opens the company “I&B100” and invites two members of the group to work with him; find out what SM Entertainment says!
Baekhyun, a member of the group EXO, created his own agency, “I&B100”. The singer carried out all the necessary procedures to become CEO and completed the registration of internal directors. The company was officially created on June 23, 2023. Thus, the artist started the project before his contract renewal with SM Entertainment, which took place in August.
According to an exclusive report from Tenasia, in addition to Baekhyun, other EXO members will also work at the company. Are they: Chen It is Xiumin. It is worth noting that, in August 2023, Baekhyun revealed in an Instagram live that he planned to run his own company and that SM agreed to the project. The singer also stated that he would not leave SM or the group.
What does SM Entertainment say?
Regarding the Baekhyun and his company “I&B100”, SM Entertainment confirmed that the exclusive contracts with him, Chen It is Xiumin remain valid. They also clarified that the artists’ individual activities are part of a collaborative concept. Therefore, they are authorized to carry them out.
Our exclusive contract for the three EXO members is still in effect. We cannot reveal the specific terms of the agreement, but we have enabled the three members to carry out their individual activities in accordance with the agreement signed with the company,” said SM Entertainment in an official statement.
Learn more about EXO
EXO is a boy group formed in April 2012 by SM Entertainment. The group currently consists of nine members: Suho, Xiumin, Lay, Baekhyun, Chen, Chanyeol, OF, Kai It is Sehun. To find out more about the k-pop universe, keep following our website!
Source: Recreio
