160318 Kris and Luhan vs SM: Income distribution is 97% going to SM!

[everypart]

 

 

Summary of article (paraphrased, not from fluent speaker so may contain mistakes):

 

The documents that Krishan's side asked from SM were submitted as evidence, one of them was the 2013 accounting record. They were supposed to balance/be transparent/etc about their accounts every 6 months but SM only did it once a year. The court then asked SM about the income distribution and how 95-97% goes to the company for domestic activities while 60% goes to the company for overseas activities and demanded SM to explain why there's such a huge difference from how much they get and how much the artists get. SM wasn't able to provide an answer. Kris' lawyer then asked the judge if they could set a final trial date and the judge accepted the request. The date hasn't been set yet but there's another hearing on April 8th.

 

NO WONDER WHY SM DELAYED SUBMITTING THESE DOCUMENTS TO COURT.

 

SM were asked to submit documents since October of last year and SM kept delaying and said they weren't given enough time. They then kept requesting change of court dates until January this year where they submitted incomplete documents and didn't submit the account balances and income distribution sheets and the judge had to schedule another date which was today.

 

Now we know why they tried to delay for as long as they could 

[moonz]

95%
This is even worse than DBSK one right ?

[SoshiBang]

What the..

[kimchi]

I mean SM does probably have horrid contracts, but this seems like bs.

[SuperBase]

why i'm not surprised 

[WHEELCHAIR JIMMY]

this is fucked up

 

im a troll and i say fucked up shit at times but this is fucked up!

[night vale.]

FUUUUUUUUUUUUUUUUUUUUCK I THOUGHT IT WAS AT LEAST 15/85% FOR SM

 

SHIT

[~K.i.t.s.u.n.e~]

wow 

[MelanatedBeauty]

holy shit...............

[SAYAKA]

weren't things suppose to be "better" post TVXQ debacle? 

[ANTI]

yikes 

[Top Box]

why do they have to answer if their income distribution is so screwed up why were they allowed to sign them

[snowdjinn]

"OMG thats my company too !!"

 

 

*Jonghyun shocked and checks his contract *

[everypart]

I mean SM does probably have horrid contracts, but this seems like bs.

This was discussed in court based on documents that were asked from SM.

[night vale.]

I'm peacing out

 

Someone quote me with an accurate translation because I can't believe this shit. Beca usually doesn't lie but I can't right now

[Amandha]

Poor kris & luhan

[MelanatedBeauty]

#SAVEFUCKINGSMEARTISTS

 

#SAVECHENSUS

 

#SAVEBAEKHYUNSUS

 

#SAVELAYCIFER

 

#SAVEALLOFMUHFUCKINGEXO

 

#SAVESCAMYONG

 

#SAVENCT

 

#IDOLLIVESMATTER

[Mcran]

woww

[Inner_Stellar]

  ....speechless

 

 

meanwhile in YG 

for concert and tour income distribution

YG : artist = 10 : 90

[kimchi]

This was discussed in court based on documents that were asked from SM.

Also Exo was paying back their debt at the time too. They were just 2 years old when Kris left and becoming profitable then. I know artist make more money when they had payed off their debts.

[okey dokey]

I mean SM does probably have horrid contracts, but this seems like bs.

 

I think so too

 

and

#SaveEXO2k16

[Elly_]

Mess, if that's true then I hope SM gets what coming for them

[night vale.]

#SAVEFUCKINGSMEARTISTS

 

#SAVECHENSUS

 

#SAVEBAEKHYUNSUS

 

#SAVELAYCIFER

 

#SAVEALLOFMUHFUCKINGEXO

 

#SAVESCAMYONG

 

#SAVENCT

 

#IDOLLIVESMATTER

I shouldn't be laughing but I read this in my head in the most country ass dialect and I died at mufuckinexo

 

Thank you for providing a quality response because I needed to smile after looking at this shit

[Ellla]

Omg it is alot 95 %

[mendoan]

omg my bias hd been worked/-ing so hard these 2 or 3years and the distribution tho:cry:

overseas activities are slightly better