Tag

Exclusive Contracts

All articles tagged with #exclusive contracts

entertainment2 years ago

EXO members refute SM Entertainment's claims and receive support from Sehun.

EXO members Baekhyun, Xiumin, and Chen have released a new statement refuting SM Entertainment's claims regarding their contract termination. They argue that SM's claim of external influence is false and that settlement reports should be provided, not just viewed. They also criticize the excessively long-term exclusive contract period and express their desire to continue EXO activities together. They are considering filing a complaint to the Fair Trade Commission regarding SM's long-term contract periods and unfair subsequent exclusive contracts.

entertainment2 years ago

EXO members file to terminate contracts with SM Entertainment, causing stock plunge.

EXO members Chen, Baekhyun, and Xiumin have moved to terminate their exclusive contracts with SM Entertainment, claiming that the agency is attempting to carry out contracts that will last for 17 to 18 years. The members' legal representative listed various injustices that the artists felt during their stay under SM Entertainment, and they are considering filing a complaint to the Korea Fair Trade Commission. SM Entertainment has released a statement claiming that a third party is involved in their rift with the artists.