The first hearing for TVXQ vs SM Entertainment case was held at the Seoul District Court last Friday (Aug 21), in which three of five members from the Korean pop group are seeking contract termination with their agency due to unfair terms.
Among their accusations are the duration of the contract (13-15 yrs), unfair distribution of profit, and overloaded schedules etc.
I’m not going into the contract details; I can agree that the terms are unfair… but why sign the contract if it’s not a decent one to begin with?
These celebs chose to sacrifice their freedom to seek fame and fortune; some of them could argue that they were deceived (at young age), but there’s no denying that they were blinded by their own desire while penning the deal.
SM seems to have the legal advantage in the case; it’s afterall a signed contract. But TVXQ are getting huge backing from their fans; with over 800,000 throng of supporters threatening boycott on SM’s other products, the company might just seek a compromised solution to end the saga.
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This is pretty standard in the music business. Probably what is going on is that they have already been in secret talks with another agency and are trying to get out of their current contract. They will cite unfair terms, not enough money, scheduling difficulties or whatever to get a decision in their favor so as to be released. They might even be fined for breach of contract. It’s all business as usual in the dirty greedy, slimy, big money music world.
I heard someone say one time. “lawyers love the music business, because someone is always suing someone else almost every day.” Sometimes one party will even have several lawsuits going at one time, lol.
they are making ONLY a few million dollars when they should be making 10 times more. tell that to people who are working as hard as they do but can never make 1/10 of what they already have in their pockets, that is what i call unfair.
Its unfair..
TVXQ are sacrifice their time and energy for the things that they need to do. And SM entertainment gain 70%-90* from what TVXQ gain. From what TVXQ sacrifice, it looks alike that SM Enterntainment gave a ’slave contract’ to TVXQ members.. Too bad~
I hope TVXQ aren’t disbanding.
I’m in TVXQ side, I’ll support TVXQ until the end.