2024-06-11 03:44:07
Group ‘EXO’ Baeksi (Chen, Baekhyun, Xiumin) introduced that they may enter an all-out conflict with SM Leisure.
On the tenth, a press convention was held by INB100, Chen Baeksi’s company, on the Shilla Resort in Jung-gu, Seoul. Chairman Cha-won Cha, I&B 100 CEO Kim Dong-jun, and authorized consultant Lee Jae-hak attended.
CEO Kim Dong-jun is a former CEO of SM C&C. He at the moment serves as CEO of each One Hundred’s subsidiaries, Huge Planet Made and I&B 100.
Relating to holding a press convention that day, CEO Kim mentioned, “I hope it is going to be a chance for the event of the leisure trade. At the same time as somebody who has been working within the leisure trade for 35 years, I’ve by no means seen a press convention in entrance of a big company like SM. “We would have liked braveness and have been determined,” he mentioned.
“By means of right now’s press convention, our artists shouldn’t be requested for unfair situations. He added, “We have to make sure that the contract particulars, together with settlement, are carried out precisely in order that different artists can even give attention to their most important work.”
On the identical time, “Lee Seung-gi, our artist, skilled settlement points together with his former company. On this respect, we’re actively responding by standing on the aspect of the artists,” he mentioned. “With Okay-pop being beloved around the globe, I hope that every one leisure firms may have a clearer system to match the elevated stage of content material.”
I&B 100 isn’t complying with the 5.5% distribution payment for digital music albums that was agreed upon between CBX and SM final 12 months, and won’t reply to SM’s request to offer 10% of the artist’s particular person exercise gross sales. “I despatched proof of the unfairness, however SM has not responded for over two months,” he claimed.
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2024-06-11 03:44:07