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Sunday, June 27, 2010

Update on 3 TVXQ members vs. SM Entertainment


Still no agreement between three members of TVXQ (Hero Jae-Joong, Micky Yoo-Chun, Xiah Joon-Soo) and SM Entertainment.
On May 7th the court continued case of TVXQ’s lawsuit to nullify their exclusive contract with SM Entertainment. During the day, SM Entertainment argued that the profit dividing ratio between the company and the members is not that bad compared to the dividing ratio used from other entertainment companies in Korea. SM Entertainment also argued that the previous result of the lawsuit only granted a limited freedom for the members and that their separate contract with AVEX is a serious violation of their exclusive contract with SM. On the other side, three members of TVXQ argued that both the length of time period and the profit dividing ratio were not legally fair.
The court wanted to find a compromising point that both sides could agree upon but failed to do so. The court will decide whether to open up a retrial (requested by SM) based on the day’s hearing and evidences submitted from SM entertainment.

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