On June 19, SM Entertainment along with EXO members Chen, Baekhyun, and Xiumin made a joint statement stating that they have resolved their differences and EXO subunit, CBX will continue as a part of EXO with their contracts. The company as well as CBX apologised to the fans for causing concern.
SM Entertainment also stated, “Afterwards, the agency and three artists had ample time in which we candidly discussed all the issues. Through this, we resolved the differences caused by misunderstandings, and we are pleased to inform you that we have reached a mutually amicable agreement. The agency listened attentively and understood all the thoughts of the three artists, and the agency also conveyed our position regarding this in detail. The three artists also opened up their hearts, and they understood our stance regarding artist contracts. Therefore, the agency and the three artists will carry out a process of mutually equal discussion as well as corrections, and we promised to strengthen our future relationship further. Furthermore, the agency will support the three artists so that each artist can carry out promotional activities in new ways while fully showcasing each artist’s individuality.”
Earlier on June 1, EXO-CBX announced their decision to terminate their exclusive contract with SM Entertainment after the company failed to provide them with a transparent and detailed account of their payments.
In other news, EXO is slated to have their comeback on July 10 with their 7th full-length album titled ‘EXIST’. Recently, EXO has also filmed a group reality show with the exception of Kai who is currently serving in the military.
Meanwhile, EXO’s pre-release single ‘Let Me In‘ is out on streaming platforms.
Stay tuned with us for more updates!
Written by Aarti