that SM Entertainment had not kept their promise of a 5.5 percent music distribution fee for INB100. They also claimed that SM Entertainment demanding 10 percent of their revenue from individual activities was unfair.
And we asked once again what SM’s position was regarding our criticism. Additionally, at that press conference, we actively proposed an agreement of paying a fee for SM’s music, assets, and name instead of 10 percent of our revenue, but SM ignored this proposal. Additionally, regarding the distribution of profits that we had always doubted, we will file a lawsuit against SM over the distribution of profits. Through this lawsuit, we will assert our just rights by receiving accounting and profit-distribution data as decided by the law and our exclusive contracts. We will also reveal to the court that SM’s profit-distribution system is wrong.
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