EXO’s Baekhyun, Chen, Xiumin allege SM Entertainment is “unfairly” demanding 10 per cent of their earnings

nme.com:

EXO members Baekhyun, Chen and Xiumin – under their label INB100 – have alleged that SM Entertainment made “unfair” demands of their individual earnings outside of the company.INB100 held a press conference today (June 10) to announce its intention to file a complaint against SM Entertainment for what it claims is an “unfair” demand of 10 per cent of earning of individual activities by EXO members Baekhyun, Chen and Xiumin – also known as EXO-CBX.The press conference was held by INB100 CEO Kim Dong-jun and chairman Cha Ga-won, the latter of whom is also a co-founder INB100’s parent company.

The label’s legal representative, Lee Jae-hak, was also in attendance to speak on behalf of the company and Baekhyun, Chen and Xiumin.“Negotiations with SM Entertainment, made on behalf of CBX in the first half of last year, have broken down.

We have been taking legal action, including the termination of CBX’s exclusive contract, since June [2023],” Lee told press, per Newsen. “Many citizens and fans will remember that afterward, both sides renegotiated and settled the situation with an official statement.”INB100’s executives and legal counsel then claimed that despite past negotiations with SM Entertainment, the K-pop agency has “changed its position” and “defaulted on the 5.5 per cent album distribution fee it promised”.

They also allege that SM are now “demanding 10 per cent of sales from artists’ personal activities”.“We are claiming unfair action.