1. SM Entertainment EXO-CBX deal
2. INB100 unfair terms
3. SM Entertainment response to EXO-CBX deal
![](https://countylocalnews.com/wp-content/uploads/2024/03/file-jIdmN2Cd5f1wvPGaFdFFl0AT-300x300.webp)
SM Entertainment responds to INB100 in response to “unfair terms” in EXO-CBX deal
Today’s emergency press conference held by INB100 regarding Chen, Baekhyun, and Xiumin (CBX) revealed tampering allegations against MC Mong and Cha Ga Yeon. The core issue lies in the improper inducement towards CBX by MC Mong and Cha Ga-yeon, leading to a breach of agreement. INB100’s ownership was revealed to be a subsidiary of MC Mong and Cha Ga-yeon, causing distress to EXO and its fans. Despite efforts to protect EXO, CBX sought benefits without fulfilling obligations, leading to legal action. INB100’s breach of agreement and false claims about settlement data have distorted the truth. SM Entertainment will take legal action against CBX to uphold valid contracts.
Related Story.
SM Entertainment has recently responded to allegations made during an emergency press conference held by INB100 regarding EXO-CBX. The conference addressed issues of tampering, ownership, benefits, obligations, breach of agreement, settlement data, efforts to protect EXO, and legal action against CBX. Let’s delve into the details of SM Entertainment’s response and shed light on the ongoing controversy.
First and foremost, SM Entertainment clarified that the core issue at hand revolves around improper inducement (tampering) by MC Mong and Cha Ga-yeon towards their artists. Despite valid exclusive contracts with CBX, MC Mong and Cha Ga-yeon allegedly approached the artists with intentions to nullify their re-signed contracts. SM Entertainment acknowledged CBX’s concerns and allowed them to engage in independent personal activities through a private corporation, despite the existing valid contract. This decision was made to avoid legal disputes that could disrupt the group’s activities and disappoint EXO’s dedicated fan base.
During the press conference, it was revealed that CBX’s INB100 is not independently operated by CBX but has become a subsidiary of MC Mong and Cha Ga-yeon. This disclosure confirmed suspicions and highlighted the tampering that has taken place. SM Entertainment expressed disappointment over this revelation and hoped that their sincerity towards EXO would no longer be distorted.
Furthermore, CBX has been accused of seeking benefits without fulfilling their obligations under the agreement. Despite being allowed to conduct independent activities, CBX allegedly wants to enjoy the rights and benefits of being EXO members without adhering to their contractual obligations. INB100’s decision to no longer adhere to the agreement indicated a breach of trust, as CBX allegedly distorted SM Entertainment’s efforts to avoid disrupting the activities of other EXO members.
In response to claims about settlement data, SM Entertainment emphasized that they have always conducted settlements transparently and provided artists with access to their income distribution and expense details. CBX’s sudden demand for all settlement documentation was viewed as an attempt to invalidate the contract rather than a genuine concern about settlement data. SM Entertainment cited confidentiality and trade secrets as reasons for initially refusing to disclose detailed activity records and settlement rates.
Despite their efforts to support CBX in negotiating better terms with distributors, SM Entertainment clarified that they do not have the authority to set distributor fees. CBX’s claims of unfair distribution fees were deemed false, as they had secured favorable contracts with distributors and did not suffer any particular loss. SM Entertainment emphasized that CBX’s repeated attempts to nullify valid contracts for personal gain would not be tolerated, and legal action would be pursued through the courts.
In conclusion, SM Entertainment’s response to the allegations made during the emergency press conference sheds light on the complexities of the situation involving EXO-CBX. The ongoing controversy underscores the importance of transparency, contractual obligations, and fair business practices in the entertainment industry. As the situation continues to unfold, it is crucial for all parties involved to address their grievances through legal channels and uphold the integrity of their agreements.
A Teaspoon Before Bedtime Makes you Lose 32LBS in 2 Weeks.
![](https://countylocalnews.com/bnt/wp-content/uploads/2024/06/Screenshot-2024-06-04-125402-300x200.png)
Related Post : Remember Tiger Wood's Ex Wife, Elin Nordegren ? Take a Look at Her Now.
![](https://countylocalnews.com/bnt/wp-content/uploads/2024/06/Screenshot-2024-06-04-120510-300x300.png)
The Conjoined Twins Abby & Brittany Hensel are No Longer Together.
![](https://countylocalnews.com/bnt/wp-content/uploads/2024/06/Screenshot-2024-06-04-182059-300x209.png)