Baekhyun: Celebs Rumors

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SM Entertainment files lawsuit against EXO’s Chen, Baekhyun and Xiumin over royalty fees

SM Entertainment has filed a lawsuit against EXO singers Chen, Baekhyun and Xiumin – also known as EXO-CBX – over the idols’ royalty fees.According to a report by Korea JoongAng Daily, SM Entertainment filed the civil suit on June 12 against EXO’s Chen, Baekhyun and Xiumin to demand that they pay a 10 per cent royalty free that the trio have allegedly been evading for two months.“CBX’s nonsensical actions cannot be tolerated anymore,” SM Entertainment said of the trio’s alleged actions, per the news outlet. The K-pop agency also claims that the EXO singer had agreed to the 10 per cent royalty fee in a contract that was signed in June 2023, following a months-long dispute.INB100, the agency that manages the activities of Chen, Baekhyun and Xiumin outside of EXO, alleged in a press conference that SM Entertainment had made “unfair” demands of the trio’s individual earnings.The trio’s representatives claimed that SM Entertainment had “defaulted on the 5.5 per cent album distribution fee it promised”, and as such, the EXO trio were not obliged to pay the 10 per cent royalty fee.Despite the ongoing row between EXO-CBX and SM Entertainment, both sides have maintained that the trio will continue to carry out their activities as members of EXO, per Soompi.SM Entertainment also confirmed that EXO are planning to release new music, adding that “there has been no further discussion about changes to the plan”.In a recent interview with NME, Baekhyun teased new EXO music, saying that “during winter, there will be something that’s coming up”.
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SM Entertainment files lawsuit against EXO’s Chen, Baekhyun and Xiumin over royalty fees
SM Entertainment has filed a lawsuit against EXO singers Chen, Baekhyun and Xiumin – also known as EXO-CBX – over the idols’ royalty fees.According to a report by Korea JoongAng Daily, SM Entertainment filed the civil suit on June 12 against EXO’s Chen, Baekhyun and Xiumin to demand that they pay a 10 per cent royalty free that the trio have allegedly been evading for two months.“CBX’s nonsensical actions cannot be tolerated anymore,” SM Entertainment said of the trio’s alleged actions, per the news outlet. The K-pop agency also claims that the EXO singer had agreed to the 10 per cent royalty fee in a contract that was signed in June 2023, following a months-long dispute.INB100, the agency that manages the activities of Chen, Baekhyun and Xiumin outside of EXO, alleged in a press conference that SM Entertainment had made “unfair” demands of the trio’s individual earnings.The trio’s representatives claimed that SM Entertainment had “defaulted on the 5.5 per cent album distribution fee it promised”, and as such, the EXO trio were not obliged to pay the 10 per cent royalty fee.Despite the ongoing row between EXO-CBX and SM Entertainment, both sides have maintained that the trio will continue to carry out their activities as members of EXO, per Soompi.SM Entertainment also confirmed that EXO are planning to release new music, adding that “there has been no further discussion about changes to the plan”.In a recent interview with NME, Baekhyun teased new EXO music, saying that “during winter, there will be something that’s coming up”.
nme.com
EXO’s Baekhyun, Xiumin and Chen reportedly resolve contract dispute with SM Entertainment
Baekhyun, Xiumin and Chen have reportedly revolved their differences with K-pop agency SM Entertainment over their contracts.Today (June 19), South Korean news outlets Star News and Kpop Herald reported that SM Entertainment and EXO’s Baekhyun, Xiumin and Chen have worked out issues over the K-pop idols’ contracts.Earlier this month, the trio had filed to terminate their contracts with the agency over alleged “mistreatment and unfair contract terms”. At the time, SM Entertainment had refuted claims made by the three EXO members, while alleging that “outside forces” have been cajoling its artists to violate the terms of their contracts.According to a statement by SM Entertainment, per Star News, the two sides have managed to reach a mutually amicable agreement over the “misunderstanding” following careful discussions.“The company and the three artists [have] promised to solidify their relationship in the future by going through a process of mutually equal discussions and corrections,” SM Entertainment said, as translated by Koreaboo.The K-pop agency also said that there was no “outside forces” involved in the contract dispute between the company and its artists, and apologised for “causing concern with our [previous ] announcement”.Meanwhile, EXO are set to make their long-awaited return in July with their new album ‘Exist’.
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