I'm actually debating whether to make a post about this or not but since I'm also a fan of this group I might as well.
Tonight, rumor about SM Entertainment and 3 members of DBSK namely, Jaejoong, Junsu and Yoochun who requested for a deposition requesting SM Entertainment to release them from their contract of 13 years is all over the new. This news is now the top search in any Korean portals. The lawyer of the 3 members made several statement today and from what I read the situation is not good.
- seems like a negotiation has been going on between SM and the 3 members for 2 months to remove the 'non-exclusivity clause' in their contract but they weren't able to settle any agreement.
- main reason of the 3 members for wanting to leave is the slave contract [examples of slave contract, an artiste has to first seek approval from their company before being able to go overseas (iHQ). An artiste must notify their company their present location at anytime of asking (Olive9, Fantom). An artiste lifestyle including companionship, schooling, citizenship, military enlistment, making friends, economic activities, socializing events, transportation will have to be consulted with the company (JYP Entertainment) in advance which interferes with a person’s personal life.]
- there was also a mention of the split in the earning with SM getting the a HUGE chunk of the pie [geez, 8:2!!! unbelievable! with the 2 to be divided to the 5 members]
Geez, it seems that it's happening again. There was H.O.T. before then Shinwha.
Btw, I also read something about cosmetic [CreaBeau a Chinese product] thing but this is not clear to me yet.
With this news fans are worried about DBSK breaking up. =( It was said that later [probably this weekend] Jaejoong, Junsu and Yoochun will be releasing their statement.
Aahh, i'm pretty sure this event is very stressful to the fans. And I remember SS501 whose contract is expiring next year.
Could Jae Joong, Micky and Hyun Joong seeing each other often something to do with the problem of JJ? I cannot help but think.
JunSu, Yoochun and Jae Joongp.s. Late last year SM Ent together wit some other ent companies were on the news regarding slave contract. Early this year, LSM [president of SM] was in the news again regarding the company getting out of the red line. Now comes this news. I believe that DBSK is SM's top earner.
p.p.s. The two other members ChangMin and YunHo were just in the news this week. The news about them is that both will be doing drama soon. YunHo's drama will broadcast in September and he will be with Ko Ara. And in the rumor mill, ChangMin and YunHo are said to be staying with DBSK if things really get ugly.
But you know what? For so long the contract is binding all members must comply with it.
Breaking News!
SM Ent statement after they had a board meeting tonight. "TVXQ is a band that represents Asia, TVXQ absolutely must continue actitivies." In addition, "The cosmetics company issue, will be resolved." [AllKPop]
See, the contract is still binding, but they're not out of the woods yet. This will surely have some effect on SM's stocks.
2 comments:
yes, thanks for posting this! initially, i was worried myself but i know many are drawing this issue out of proportion.
i believe all members want to have a better contract but still be in SM Entertainment.
wow 80 to 20.!!! damn SM..hopefully DSP is not like that..
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