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“After careful deliberation…”
Koreaboo
SM Entertainment revealed that they might be offering EXO-CBX members with a full accounting of their actions and the next revenues generated.
On June 5, SM Entertainment said that after cautious deliberation, that they had make a decision concerning EXO-CBX’s request to see accounting paperwork. The company then hinted that the rationale it wasn’t supplied earlier was as a result of then members would pay attention to different members’ monetary info.
We wish to inform you of our choice in regard to current requests made by Baekhyun, Chen, and Xiumin to see accounting paperwork. The accounting paperwork reveal non-public info which may be revealed. In the case of teams, as a result of there may be details about different members as effectively, there must be warning.
— SM Entertainment
SM Entertainment then said that they might be obliging the idols’ requests to see accounting documentation below the situation that they obtain reassurances that the data is not going to be utilized in every other means.
After cautious deliberation, we plan on offering the artists with the documentation below the situation we confirm that it will likely be solely utilized by the three artists and their authorized representatives to evaluate it and gained’t be used for every other motive.
— SM Entertainment
The label then reassured followers that the company would do its greatest to not let the scenario have an effect on upcoming EXO group actions.
Besides the three artists, we requested permission from the opposite EXO members to offer the paperwork. We will do our greatest to not have an effect on EXO actions that followers have waited for.
— SM Entertainment
Meanwhile, SM Entertainment and EXO-CBX have been engaged in a authorized dispute over the idol’s contract and the label’s accounting practices.
Earlier, it was reported that the idol’s attorneys have requested authorities look at all SM Entertainment artists’ contracts.
EXO-CBX’s Lawyer Formally Requests Authorities Examine All SM Entertainment Artists’ Contracts
Stay tuned for updates.
EXO
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