EXO-CBX’s statement comes after a press conference against SM Entertainment and comeback cancellation rumors; understand!
Amid the dispute with SM Entertainment, EXO-CBX (Chen, Baekhyun It is Xiumin), now managed by INB100, guarantees that he will continue to promote as EXO.
The statement comes after a press conference held last Monday, 10th, where the trio accused SM of violating an agreement with INB100 and failing to pay the 5.5 percent commission fee for albums and songs. The allegations were denied by the company, which stated that “we will not tolerate CBX’s actions of repeatedly claiming that the exclusivity contract and the subsequent agreement are invalid to pursue its own interests”, while revealing that they will pursue the case “in accordance with the law and principles and will hold CBX accountable through the court.”
As a result, the South Korean media began to speculate about EXO’s winter comeback, stating that with the current conflict, it cannot be held. In response, INB100 issued an official statement to ensure that the dispute will not interfere with the group’s career, as well as ensuring that the trio will remain active in EXO. Look:
The June 10 press conference was planned to inform the public about SM Entertainment’s unfair policies regarding how Chen, Baekhyun, and Xiumin have to pay 10% of their revenue to SM Entertainment, which violated the agreement first.
This has nothing to do with the continuation of EXO’s activities as a whole. Chen, Baekhyun and Xiumin promise fans once again that they will faithfully participate in SM Entertainment and EXO’s activities.”
SM also said: “It’s true that we were planning [o álbum]. As for changes in plans, we have not discussed anything further,” the company told the Newsen portal (via Koreaboo).
It is worth remembering that INB100 was officially created on June 23, 2023 by Baekhyunthat is, before EXO’s contract renewal with SM Entertainment, which took place in August, and in January 2024, the new agency started to manage the solo careers of the EXO-CBX members.
This is because, even though the exclusivity contracts with Chen, Baekhyun It is Xiumin in SM remain valid, their activities as soloists are part of a collaborative concept, which is why they can carry them out outside of SM.
SM itself issued a statement in January this year clarifying that, even amid the changes, activities as EXO will remain with the eight members. Remember:
In the future, all eight EXO members will continue activities together as EXO. In addition to presenting new songs and performances, they plan to greet fans unchanged through the EXO fan meeting scheduled for April, as well as through various activities.
In particular, the exclusive contracts with members who renewed their contracts are still in effect, and DO (Doh Kyung Soo), whose exclusive contract has expired, has agreed to participate in EXO activities, and we are continually in discussion about future activities. In the case of Chen (Kim Jong Dae), Baekhyun (Byun Baek Hyun), Xiumin (Kim Min Seok), we have agreed to enable the artists to proceed separately in the case of individual activities under the exclusivity contracts mentioned above.
Source: Recreio
