New: You can now listen to articles.During a press conference on Monday , the trio’s lawyer Lee Jae-hak said that the entertainment agency is unfairly demanding a cut from the trio’s revenue without fulfilling its end of the deal signed on Jun 18 last year, reported South Korean media.
"SM Entertainment is failing to uphold the 5.5 percent commission rate and is instead demanding 10 percent of the artists' revenue from their personal activities, albums, concerts and commercials," Lee claimed."If SM was not willing to, or was not capable of lowering distribution fees but still made our artists sign an agreement and end a legal dispute, this can be seen as a case of fraud ... If the label continues to demand royalties, we will pursue further legal action.
"EXO-CBX asked us to include this issue in our written agreement, but we told them that we were not a decision maker. So we deleted that part in the end." SM Entertainment also alleged that the three members are enjoying EXO member benefits without fulfilling their obligations and that they had been repeatedly trying to invalidate the renewal contract they signed.
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