Asian Junkie Asian pop. Without discretion.
Kris, Luhan, and SM Entertainment have settled their lawsuit, and the result is mixed (cause it’s literally a settlement), but certainly looks better for SME than their previous dealings in court.
SM’s representative law firm announced through an official press release on July 21, “We cannot disclose the details of the agreement but in accordance to the court’s ruling and the agreement of the parties involved, Kris and Luhan’s exclusive contracts will be effective until 2022 as originally contracted.” The press released further revealed, “Kris and Luhan, excluding areas in Korea and Japan, will entrust jurisdiction rights entirely to SM Entertainment, and Kris and Luhan will share a part of their revenues with SM Entertainment. Needless to say, [Kris and Luhan] will not promote as members of EXO.”
So basically both sides got part of what they wanted. Kris and Luhan aren’t free in Japan or Korea, which means they basically won’t be promoting there, but they’re free to have management (and their careers) with whoever the rest of the world over. However, SME’s original contract length with them remains intact, and they get a portion of the revenue the pair generate for basically doing nothing.
I’m not sure of the exact figure for the revenue, but many are citing a 10% figure that was brought up a year ago. If so, then that appears to be a concession that SME made.
https://twitter.com/shuaijerks/status/633910673152446464
Hard to find any other source, so if you have one let me know.
Anyway, Kris and Luhan stans are now arguing with SME stans about who won a settlement, which is just honestly pointless. Both sides agreed to it because in essence both sides got what they wanted. But whatever, definitely don’t let me prevent you from getting crazy and posting rambling rants that I can use for content.
