SM Entertainment files lawsuit against EXO’s Chen, Baekhyun and Xiumin seeking enforcement of contractual terms

EXO-CBX which contains Chen, Baekhyun, and Xiumin, held a press convention earlier this week in which they claimed that SM Entertainment became no longer abiding by the promised music distribution prices.

Final twelve months, in June, the three members and SM Entertainment collectively announced that the dispute amongst them had been settled referring to provocative contracts after negotiations. Chen, Baekhyun, and Xiumin signed their contracts with SM Entertainment to proceed EXO’s actions. They signed their contracts with INB100 to control their solo actions.

SM Entertainment files lawsuit in opposition to Chen, Baekhyun, and Xiumin

On June 12, SM Entertainment filed an legit lawsuit in opposition to EXO-CBX’s Chen, Baekhyun, and Xiumin on the Seoul Easter District Court. SM Entertainment reportedly stated that it had filed a lawsuit searching for the implementation of the previous settlement.

Followers took to social media and voiced their make stronger for the EXO members. They pointed out that the members own been diligently working for the betterment of EXO as a neighborhood. Right here’s a ogle at about a of the tweets by EXO followers. Followers showed their make stronger with #WeStandWithCBX.

EXO-CBX versus SM Entertainment

Within the press convention held on June 10, Chen, Baeukhyun and Xiumin’s agency, INB100, claimed that SM Entertainment didn’t meet the 5.5% music myth distribution price agreed upon closing twelve months. They added that SM Entertainment unfairly demanded 10% of gross sales for EXO-CBX’s particular individual actions and did no longer present present settlement files.

SM Entertainment denied these claims and stated that the members are having fun with the status of the EXO name.

After his contract with SM Entertainment came to an pause, EXO member Baekhyun fashioned his have company, INB100, in June 2023. His company moreover manages his fellow band members, Chen and Xiumin. The corporate moreover represents EXO-CBX, which is a subunit of EXO. While their solo actions are managed by the corporate, neighborhood actions of EXO are undertaken by SM Entertainment.