EXO-CBX’s Assets Seized By SM, Triggers Massive Backlash

It has recently been confirmed that SM Entertainment seized the assets of EXO’s Chen, Baekhyun, and Xiumin (EXO-CBX). This is to secure a claim equivalent to 10% of their individual sales. Previously, EXO-CBX notified SM of their intention ot terminate their exclusive contract in 2023, due to unfair contract terms and other issues. They agreed…

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