[theqoo] SM'S OFFICIAL STATEMENT ABOUT BAEKHYUN

The agency’s full statement is as follows:

1. Is [SM’s] contract with Chen, Baekhyun, and Xiumin ending?

Their existing contract [with SM] has not expired. In Baekhyun’s case, his contract runs until January of next year.

We have also been preparing a solo album for Baekhyun, with the goal of a release within the year.

Their new contract is also valid. As was previously reported, part of the contract was amended through mutual agreement.

2. Why did SM come to an agreement with Chen, Baekhyun, and Xiumin?

As we previously announced, we came to an agreement in order to preserve the group EXO and all of its members, and above all else, for the sake of the fans.

As you are well aware, at the time, EXO was releasing a new album as a full group. If the dispute had continued, it would have been difficult to normally promote the album that all of the EXO members had worked hard on, and the future of EXO’s group activities would have become unclear, so we came to an agreement for the sake of the members’ activities as a full group.

3. Following the end of their exclusive contracts, will Chen, Baekhyun, and Xiumin only be pursuing individual activities through their own corporation?

As we previously stated, our new exclusive contract [with the members] is valid, and EXO will continue their group activities.

We cannot reveal the concrete details of their payment structure, but according to the agreement they made with our company, we made it possible for Chen, Baekhyun, and Xiumin to also pursue individual activities.

4. Was the company aware of Baekhyun’s new corporation called One Signature?

Our company had never heard anything about this before, and we learned about it through the news.

Although we are flustered [by the sudden news], we trust that [Baekhyun] will keep the promises he made during our mutual agreement.

CR: Soompi

original post: here

1. They've been backstabbed by Baekhyun again?ㅋㅋㅋㅋㅋ

2. But it must not be easy to operate his own company... for real, The cost of maintaining a celebrity's image alone must be enormous, and they don't realize it since the company does it all for them, but once they start doing everything themselves, they'll realize that everything was just money money money...

3. I feel bad for SM

4. I'm so shocked at how unexpected Baekhyun's decisions were.... just why? Seriously.... Even as someone who hates SM, I don't understand.... what a shame...

5. Is SM f*cking dumb?

6. It will be really hard to see more of EXO's promotions from now on. The company has no more reasons to push them more and the kids under SM will just be put into units in the future. Baekhyun should just promote for another year and get out the next year and they can all walk their own path... Can SM stop being so dumb? What is this?

7. I kinda feel like Baekhyun will stay with SM. It's just my vibe

8. What the? SM didn't know? Wow

9. If he stays until next January, he should wait until then... SM and the other members are saints

10. I don't wanna see Baekhyun anymore. Leave EXO

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