Chen: Celebs Rumors

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EXO’s Baekhyun launches new agency, signs bandmates Chen and Xiumin

EXO member Baekhyun has launched his own agency called INB100, and has signed bandmates Chen and Xiumin to the company.EXO’s Baekhyun, Chen and Xiumin announced today (January 8) that the singers will “start anew” at INB100, per Korea JoongAng Daily. The trio – who also make up the sub-unit EXO-CBX – will carry out their “solo activities” under the new label “with the mutual agreement” of SM Entertainment, INB100 said in a statement.“Now 13 years into their career, the EXO-CBX members have been repeatedly asking themselves about their future and many more regarding the life of an artist after their 20s, especially in a fast-changing K-pop,” the agency added.
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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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