SM Entertainment responded to a request to disclose the settlement data of EXO's Chen, Baekhyun, and Xiumin in dispute.
On the 5th, SM Entertainment said, "Settlement data is confidential information that cannot be exposed to a third party. In the case of a group, it also contains information about other members, so special care is required."
"In the first place, we have consistently provided our artists with opportunities to view the settlement details. In fact, there have been artists who have questions or opinions about our settlement details, or have requested additional explanations, and each time we have provided an explanation from our company. Enough has been done,” he said.
However, he pointed out, "We are silent on requests for confirmation of confidentiality, such as whether there is no third party intervention, and only repeat requests for copies. Also, we have made it official that there is no third party involvement in the media, not our company."
In addition, "In a situation where the circumstances of the involvement of third parties are being reported through various channels, even though there is an opportunity for the three artists to visit us at any time to review the settlement data and present their opinions, we dare to ask for a copy of it and cancel the exclusive contract." "We are concerned that there are other unjust purposes in talking about until the termination of the company," he said. "Internally, there are high voices of concern about whether the agents of the three artists can be trusted and whether there is no third party involvement despite numerous reports and circumstances." he emphasized.
SM plans to release a copy of the settlement data after the consent of the 3 artists and their agents, and the consent of the members except for the 3 artists.
SM said, "Under the premise that the three artists and their agents will not use it for unfair purposes, we decided to provide copies of the settlement data with the consent of the EXO members or seeking understanding. We will do our best to ensure that EXO's activities are not hindered."
Below is the full text of SM's position.
hello. This is SM Entertainment.
Regarding the recent request to provide copies of settlement data from Baekhyun Byun, Jongdae Kim, and Minseok Kim (hereinafter referred to as the 'three artists'), we would like to inform you of the decision we made after careful consideration.
1. Settlement data is confidential information that cannot be disclosed to third parties
- In the case of a group, special attention is required as it contains information about other members as well.
Settlement data may include various information such as each artist's specific activity details, settlement rate and method, down payment, etc. This is confidential information of our company and artists that should not be exposed to third parties such as competitors. In addition, in the case of a group artist composed of several members, the information of other members may be exposed, so it is possible only when there is trust in confidentiality.
In the first place, we have been steadily providing our artists with opportunities to view settlement details. In fact, there have been artists who have questions or opinions about our settlement details, or have asked for additional explanations, and our explanations have been fully provided each time.
2. Arguments of the 3 Artist Representatives
- Silence in the request for confirmation of confidentiality, such as whether there is no third party intervention, and only repeat the request for a copy
- Partially formulated that there is no third party involvement in the media other than our company
Accordingly, in a situation where the circumstances of the involvement of third parties are being reported through various channels, even though there is an opportunity for the three artists to visit us at any time to review the settlement data and present their opinions, we dare to ask for a copy of the settlement data and to cancel the exclusive contract. We are concerned that there is another unfair purpose in talking about until termination.
Due to these concerns, when we receive a request to provide copies to the 3 artists, 'if the 3 artists have entered into a double contract with a third party that is in conflict with the new contract', 'you only want the 3 artists' It is also true that they repeatedly asked for confirmation on whether they were representing them, etc., but the representatives of the three artists remained silent about this.
Recently, the representatives of the 3 artists have made it clear to the press, not to the company, that there is no third party involvement in the actions of the 3 artists, or that the request to provide a copy of the settlement data is only a legitimate right of the 3 artists.
Internally, there are high voices of concern about whether the agents of the three artists can be trusted and whether there is no third party involvement despite numerous reports and circumstances.
3. Our decision for EXO
- Decision to provide a copy of the settlement data with the consent of the EXO members or seeking understanding under the premise that the three artists and their agents will not use it for unfair purposes.
- We will do our best not to interfere with EXO activities
However, after careful consideration, we intend to provide copies of the settlement data to the three artists, on the condition that the three artists and their representatives confirm that they will not use the settlement data for any other unjust purpose other than checking the settlement details. In addition, we explained this situation to EXO members other than the 3 artists and asked for their consent or understanding to provide copies of the settlement data.
Through these measures, we hope that our sincere love and care for all EXO members and fans who cherish EXO can be conveyed.
Regarding the issue raised by the 3 artists, there are various reports about the company, but we are not specifically refuting them one by one. However, we would like to make it clear that the contract cannot be terminated simply by unilateral notification that lacks grounds. In addition, we will continue to do our best to discuss with the three artists we cherish, apart from holding legal and ethical responsibilities against third parties or those who give wrong advice to the three artists. We will do our best not to interfere with EXO's activities that fans expect.
thank you
Reporter Yoon Jun-ho, Ten Asia delo410@tenasia.co.kr