Picture Credit score: SM LeisureMembers of the Okay-pop band EXO—Chen, Baekhyun, and Xiumin—need to exit their contracts. SM Leisure accuses the three of being poached. Right here’s the most recent.
Digital Music Information coated the preliminary assertion made through a lawyer representing these three members. The singers allege that SM Leisure was not clear about their earnings, main them to take authorized motion. In addition they allege that SM Leisure saved them in what amounted to ‘slave contracts’ that lasted for much longer than common. In the meantime, SM Leisure alleges that the artists are being poached by one other firm.
Now the EXO trio have launched an announcement addressing these allegations, saying no ‘exterior forces’ have influenced their resolution making.
“It’s much more appalling when contemplating the truth that the statements replicate SM Leisure’s true angle towards its artists,” the assertion reads. “Exterior forces? Our purchasers are self-governing human beings totally able to considering, appearing, and making selections for themselves. The choice to request information of their earnings and balances was one reached after a lot non-public thought and deliberation—not one triggered by any exterior pressure.”
SM Leisure says it allowed the group to view their monetary information, however didn’t present copies of these paperwork due to worry of information being leaked. The attorneys for EXO allege in any other case. “The regulation agency has persistently requested entry to copies of our purchasers’ monetary earnings and balances on behalf of the artists; nonetheless, SM Leisure repeatedly refused the request, thereby giving the artists authorized grounds to terminate their contracts.”
Earlier at present, SM Leisure mentioned it should present copies of earnings and funds to EXO members. However they need to promise to not disclose the knowledge to 3rd events.
“We’re involved that there could also be different ulterior motives behind their motion within the present state of affairs the place the artists have the chance to evaluation and touch upon the fee document in particular person however proceed to request copies of the information and announce to terminate contracts, particularly as there are suspicions of third celebration involvement,” the SM Leisure assertion reads.
“As a result of these considerations, we repeatedly sought affirmation from the consultant that the three artists haven’t entered into any twin contracts with third events that will violate the brand new contract and that the consultant was solely representing the three artists. However the consultant remained silent.”