alittlebaozi
a year ago500+ Views
Contractual dispute between SM and Kris and Luhan finally draws to a close
Kris and Luhan's contractual dispute with former agency SM Entertainment has at last drawn to a close. The court recommended for the two parties to reconcile, and the final agreement dictated that Kris and Luhan's exclusive contracts with SM Entertainment stay in force until 2022 as was originally written up. SM's representative law firm announced through an official press release on July 21, "We cannot disclose the details of the agreement but in accordance to the court's ruling and the agreement of the parties involved, Kris and Luhan's exclusive contracts will be effective until 2022 as originally contracted." The press released further revealed, "Kris and Luhan, excluding areas in Korea and Japan, will entrust jurisdiction rights entirely to SM Entertainment, and Kris and Luhan will share a part of their revenues with SM Entertainment. Needless to say, [Kris and Luhan] will not promote as members of EXO." Source: Allkpop
Soooo..... Kris and Luhan are still in contract with SM, but not promoting with or as part EXO... Tell me your thoughts.... I'm still trying to process this. My Kpop Crew: @RochelleRose @UKissMeKevin @EmilyPeacock @Winx9119 @evieevelyn @BBxGD @TheEnlightment
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@VatcheeAfandi99 As much as it sucks to say, I feel like a big part is because of money. SM gets money from having Kris and Luhan, and they get a big part of anything that there making. They probably are making a huge deal of it to keep all the money there getting, which is completely unfair to Kris and Luhan! Even though I'm not an Exo-L, I really do feel bad for them. It's a shame that all there fans and the members have to go through this.
a year ago·Reply
I don't think that's fair for the guys to still be owned by SM! They need to let them go! SM needs to set them free! It's rediculous that they're still under their umbrella! It's just stupid! SM needs to let go of the guys and let them do their own thing! They're successful anyways! SM needs to stop acting like babies and accept the fact that these boys have left! They left SM because they were fed up with the company and how it treats the employees! It's just so rediculous that they're still there! It's like they're trapped or something! It's BS, man!
a year ago·Reply
@MaggieHolm that's probably why they're not letting go, because of all the money and how successful they are.
a year ago·Reply
@selfishmachines SM doesn't need the money! They're just taking it from them! It's stupid that only SM has their money! Clearly they can make their own money! If Kris and Luhan earn money for their careers, it's THEIR money! Not SM's money! SM just doesn't know any better! All they want is money and to make the guys and their fans angry, and they just want publicity! They're such a bunch of idiots! I can't stand it!
a year ago·Reply
So just to clarify, (somebody let me know if I'm right or wrong) Kris and Luhan are not apart of EXO. Yet S.M still owns them. And their contract still stays with them, so they (Kris and Luhan) didn't win (?) But S.M, saying that they still own them both, want a share of their profits made off of their own music and such?
a year ago·Reply
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