EXO members Chen, Baekhyun, and Xiumin (CBX) are leaving SM Leisure! Moreover, the three members of EXO CBX revealed surprising info about how SM Leisure evaded the regulation and upheld their slave contract towards their artists. Here’s a transient abstract of what occurred behind the EXO CBX members’ lawsuit towards SM Leisure and why they’re leaving the corporate.
EXO Members Chen, Baekhyun, And Xiumin (CBX) Give up SM Leisure + Announce Slave Contract Lawsuit Soompi
SM Leisure has achieved it once more! The corporate was topped this 12 months’s drama chief by netizens after inflicting one other public dispute and big disappointment to the worldwide Kpop group.
After being concerned in one of many greatest dramas and takeovers with HYBE and Kakao, SM Leisure is now going through one other downside with one among its greatest artists, EXO.
On July 1, EXO members Chen, Baekhyun, and Xiumin (CBX) launched an official assertion that they’d terminated their unique contract with SM Leisure (SM). Not solely that, however EXO CBX members had been additionally decided to take authorized motion towards SM for alleged slavery contract and unfair fee.
“That is legal professional Lee Jae Hak from LIN Legislation Agency, representing EXO members Baekhyun, Xiumin, and Chen (CBX).
With SM refusing to provide a transparent foundation for his or her settlement fee, artists should inevitably terminate their unique contract with the corporate efficient June 1.
The artists additionally plan to pursue all civil and prison lawsuits for the settlement fee towards SM Leisure.Lawyer for EXO CBX members.
EXO CBX (엑소-첸백시 or Exo-Chen-Baek-Xi) is a sub-unit of EXO shaped by SM Leisure. They launched their first EP, Hello Mother! on October 31, 2016. Consisting of EXO members Chen (Kim Jong Dae), Baekyun (Byun Baek Hyun), and Xiumin (Kim Min Seok), the unit famously goes by the identify CBX and now claims to be leaving SM Leisure.
What Occurred and Why EXO CBX Members Depart SM: Unfair fee and lawsuit for slave contract
So, what actually occurred and why are EXO CBX members leaving SM Leisure?
In response to their lawyer’s assertion, it began when the members of EXO CBX requested transparency of their fee from SM Leisure. It’s the area and basic proper of all artists to demand clear and clear reporting of their charges from their firm, simply as Lee Seung Gi demanded from Hook Leisure.
Nonetheless, even after requesting the 7e time, SM Leisure refused to provide them the detailed report.
“Since March 21, EXO CBX members have requested copies of Clear Settlement Studies and Causes for Settlement from SM 7 occasions by their authorized consultant.
Nonetheless, SM maintained their unfair stance, stating that they could not give them copies of the reviews.
Lawyer for EXO CBX members.
Worse nonetheless, the assertion additionally revealed that SM pressured EXO CBX members and all of its artists to signal an unfair slave contract.
“Because the begin of their debut, the members of EXO CBX have been pressured to signal a 10-year long-term contract with SM through a particular extension. Not solely that, SM has additionally been pushing for added offers which have resulted to a complete of 17 to 18 years of unique contract.
This can be a flagrant violation of the regulation, and SM has repeatedly abused such energy towards its artists.
Subsequently, the members of EXO CBX plan to file a lawsuit and formal authorized motion towards SM Leisure.
Lawyer for EXO CBX members.
SM Leisure denied all allegations and blamed a 3rd social gathering as an alternative
Responding to EXO CBX’s assertion concerning the lawsuit and the rationale for his or her departure, SM Leisure denied all of the allegations in an official assertion.
About Settlement Fee
In response to SM, they’ve efficiently launched fee particulars to EXO CBX members each month. The corporate additionally claimed that the members by no means raised any points concerning fee.
Concerning EXO CBX’s request for transparency of their contract fee, SM felt that the members had ulterior motives.
“We offer artists with a transparent month-to-month fee report, they usually can examine the idea of fee at any time. Through the years, members have by no means had any points with the method.
EXO CBX members requested copies of the foundations for various functions. They use claims as grounds for terminating the contract.
SM leisure.
About EXO CBX Unique Contract with SM Leisure
Within the case of EXO CBX’s unique contract, SM Leisure believed that all the pieces occurred in response to regulation.
“Discussions of recent contracts start when their present contracts expire. Every thing was legitimate and bonafide primarily based on the usual unique contract kind for entertainers and acknowledged by the Supreme Court docket.
All EXO CBX members signed a brand new contract legitimate on December 30, 2022, after finishing honest negotiation intimately. On the time, we carried out the negotiations within the presence of counsel for members of a number one regulation agency.
SM leisure.
Blaming a Third-Celebration Affect: BPM Leisure
Along with denying the allegations, SM Leisure believed that EXO CBX’s contract problem and lawsuit began as a result of involvement of a 3rd social gathering. The corporate then assumed that the third social gathering was Huge Planet Made Leisure (BPM Leisure). That is why they despatched a content material certificates to the corporate.
“EXO CBX’s legal professional immediately claimed that the members could not comply with their new contract, and we began listening to that it was because of some outdoors drive.
We confirmed that this exterior drive not solely triggered some artists to interrupt their contracts, but additionally triggered extra artists to violate their contracts and signal extra contracts utilizing these sure artists.
Subsequently, we is not going to sit idly by and take all doable authorized measures to guard the picture and repute of our artists.
SM leisure.
Nonetheless, BPM Leisure strongly denied SM’s accusation.
“BPM Leisure has by no means met with the reported artists. We’ve by no means mentioned or shared opinions concerning an unique contract.
We verify that the CEO of SM Leisure has despatched a content material certification to our company. And we remorse their intention to hyperlink their very own inside conflicts to an unbiased company.
That is why we’ll take authorized motion in the event that they proceed with their try.
BPM leisure.
EXO CBX Members Rebutted With Clearer Contract Difficulty And Cause For Leaving SM
Following SM Leisure’s denial and accusation, the EXO CBX members rebutted with clearer contract points and their causes for leaving the corporate.
Because of their lawyer’s assertion, SM Leisure solely allowed EXO CBX members to “view” their settlement reviews. So which means the corporate solely “confirmed” what it wished artists to see concerning their payouts. Moreover, the accuracy of those reviews is questionable since SM merely tells artists to return see them with out offering them with a chosen copy to evaluation inside 30 days, as needs to be the authorized case.
In consequence, EXO CBX members repeatedly requested the corporate to provide them copies of the settlement report after telling SM that they had been leaving. However SM refused and claimed that EXO CBX members immediately raised a problem after switching authorized representatives.
Extra importantly, the members of EXO CBX might now not bear SM’s overreaching efforts to get them to signal a 17-18 12 months contract. It was as if 12 to 13 years was not sufficient for them, regardless that they’d already violated the 7-year contract legally licensed by the federal government.
“SM is attempting to drive a 17-18 12 months contract on EXO CBX members as if the 12-13 12 months contract interval is not sufficient for them.”
Lawyer for EXO CBX members.
EXO CBX Members Really feel Offended By Accusation Of “Third-Celebration Affect” Soompi
And at last, the members of EXO CBX really feel offended that SM Leisure blamed “third-party affect” as an alternative of taking accountability for the contract problem and why they’re leaving the corporate.
“EXO CBX members are adults who can suppose for themselves and be liable for their very own actions. They’re unbiased individuals with sturdy opinions and judgments. authorized representatives, accountants and/or another particular person.
As a substitute of offering the requested settlement knowledge, SM continues to speak about exterior third-party forces. They claimed that the EXO CBX members tried to signal double contracts.
Nonetheless, the members by no means did. They haven’t signed and even tried to signal any contract other than the one with SM.
Figuring out how SM perceived his artists makes EXO CBX members significantly distressed.
Inevitably, this raises the query of who ought to criticize and who ought to obtain the criticism in these circumstances.
Lawyer for EXO CBX members.
What is going to occur to EXO?
Now, after this enormous argument? What is going to occur to EXO?
Will the group proceed to advertise with even fewer members like what occurred to its predecessors TVXQ, Tremendous Junior and Ladies’ Technology? Will the corporate trigger EXO to lose extra members than it already does?
Fortunately, the members of CBX expressed their want to stick with EXO even after the contract lawsuit and go away SM. Subsequently, it’s sufficient that SM Leisure agrees with their resolution. This manner, EXO will stay of their present 9-member roster.
“CBX members are on the lookout for strategies to proceed their enterprise with EXO even after the termination of the contract with SM.
In the course of the negotiation course of, the artists preemptively got here up with concepts to proceed EXO’s enterprise even after leaving the corporate.
Lawyer for EXO CBX members.
So, what do you concentrate on what occurred behind the EXO CBX members’ alleged slavery contract that they left SM Leisure? Please share your ideas within the feedback. Additionally, persist with culturevibemagazine Instagram, Fb, Twitterand the Telegram channel for extra EXO CBX updates.