After allegations at a press conference, EXO-CBX states that new measures against SM Entertainment will be taken in court
After SM Entertainment stated that it will sue INB100 and EXO-CBX after being the target of several accusations in a press conference held last Monday, the 10th, the trio, formed by Chen, Baekhyun It is Xiuminshared a statement stating that they will take “strong legal measures” against the company that handles EXO’s career.
It is worth remembering that the conflict was initiated when INB100, the agency that manages the solo activities of EXO-CBX members, stated at the media event with journalists that SM did not pay the 5.5 percent commission rate for albums and songs agreed between the companies.
In response, SM issued a statement denying the accusation, in addition to stating that there had been contractual tampering, as “INB100’s CBX was not operated independently by CBX. INB100 has already been established as a subsidiary of MC Mong and Cha Ga Won”, as well as ensuring that they will pursue the case “in accordance with the law and principles” and that they will “hold CBX accountable through the court” due to the repeated allegations considered false by they.
With this, INB100 responded to SM’s statement (via Koreaboo) requesting proof of tampering and stating that they will also sue the company. Look:
It is regrettable that SM has once again alleged tampering by President Cha Ga Won and CEO Shin Dong Hyun. We demand that SM disclose the standards of adulteration. We will take strong legal action against SM who alleges tampering, including all civil and criminal charges for defamation and dissemination of false information.
We apologize to Chairman Cha Ga Won and CEO Shin Dong Hyun for SM once again making allegations of tampering and request that SM disclose its tampering standards.
We will also take strong legal action against SM for allegations of tampering, including civil and criminal charges for defamation and spreading false information.
It seems petty now that a big company like SM forgets the main issue and criticizes other things.
SM is not qualified as an entertainment agency as it is framing its own artists, EXO-CBX, as tampering. EXO-CBX has given up the exclusive contract fee to continue EXO’s activities with SM Entertainment.
With today’s press conference, we are demanding it from SM Entertainment once again.
We demand that SM clearly states the reasons for what is considered adulteration. Is it considered adulteration when artists receive advice and counsel from acquaintances, seniors, juniors and colleagues?
Baekhyun met with people to ask for advice on starting his own company. SM’s allegations of tampering make no sense as he was trying to create a one-man company.
However, Baekhyun, who originally wanted to start a one-man company, felt that he could not fill both the artist and management roles and decided to leave the management to a trusted expert in order to pursue his dreams of being an artist and producer.
If SM cannot provide any reasonable rebuttal, stop making petty claims that have nothing to do with the main issue.
Lastly, SM needs to disclose the basis of the agreement, which is the most basic right of artists, and not distort the situation in question.
If SM continues not to disclose the data, we will file a request for an injunction. INB100 will do its best to protect artists.”
Source: Recreio
