EXO's CBX Members Set to Expose SM Entertainment's Unfair Practices in Upcoming Press Conference - The UBJ

EXO members Chen, Baekhyun, and Xiumin, currently with agency INB100, are scheduled to attend a pressing press briefing later today on June 10. Their agency released a detailed statement regarding the event.

The INB100 statement reads:

“Following their legal engagements in June, which resulted in the termination of their exclusive agreements and the filing of a grievance with the Fair Trade Commission, EXO’s sub-unit CBX (consisting of Chen, Baekhyun and Xiumin ), and SM Entertainment had reached a settlement through a mutual announcement.

At the heart of the resolution was the prioritization of EXO’s efforts as a group. The arrangement included the creation of INB100 to manage activities both under individual artist names and as EXO’s CBX.

Despite these previous discussions, it has emerged that SM Entertainment circumvented the established agreement, demanding a 10% cut of the independent trio’s profits.

INB100 called the request unfair and provided documents to support its position, but was met with more than two months of silence from SM Entertainment. Therefore, Chen, Baekhyun, and Xiumin call the press conference to openly discuss these issues.

Reported by: VKR, Naver

Why are EXO members holding a press conference?

EXO’s Chen, Baekhyun and Xiumin hold a press conference to discuss SM Entertainment’s alleged unfair treatment due to violating an agreed-upon agreement regarding revenue sharing from their independent and group activities.

What did SM Entertainment require according to INB100?

SM Entertainment reportedly demanded a 10% share of income from Chen, Baekhyun, and Xiumin’s personal activities, which INB100 reports is not in line with their original agreement.

What evidence has INB100 presented regarding injustice?

INB100 submitted documents to assert the injustice of SM Entertainment’s revenue sharing request. However, details of the evidence were not disclosed in the announcement.

How did SM Entertainment respond to INB100’s allegations?

SM Entertainment has yet to respond to the allegations and evidence submitted, according to INB100’s statement.