Update Summary Of Tvxq's Previous Slave Contract
Wednesday 27 March 2019
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Instiz: Previous TVXQ's contract that was all revealed at the court
TVXQ's contract was get-go revealed at the courtroom on August, 2009 due to JYJ in addition to SM's lawsuit
This is the brief summary of the contract
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Their contract is thirteen years
SM takes 50% of the profits in addition to TVXQ takes the other 50%
TVXQ has to pay for the entire costs of overseas promotions, stylists, dancers, in addition to all the staffs from their 50%.
If their albums don't sell over 500,000 copies, they larn no coin for that.
If they sell 500,000, TVXQ gets 0.
SM takes all the earnings from guesting on diversity shows in addition to broadcast promotions every bit singers
Copyrights for self-composed songs all belong to SM
Every correct for their songs belongs to SM
Even if their contract expires, TVXQ can't role their composed songs without SM's permission because SM has all the rights.
If both parties negotiate in addition to halt the contract, TVXQ all the same holds the responsibilities.
So TVXQ has to pay triple amount of the promoted fees (including every promotion) in addition to twice amount of their profits to SM. Doesn't thing if the contract terminates due to SM.
TVXQ is non allowed to nation anything most their contract in addition to SM to anyone
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All of them higher upwards are the contract obligations of TVXQ
The alone obligations of SM are,
1) SM's responsibleness is to function the hardest to brand TVXQ popular
2) To inform TVXQ's schedule every bit fast every bit possible
Those 2 are the alone ones
What's scary is that this contract was revised every bit much every bit possible from the real get-go contract
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- Ugh... SM...
- I promise JYJ would plough out well, ever cheer for them ㅠㅠㅠ I actually desire them to come across on music shows
- Total slave contract... Makes me in addition to then pissed
- Maybe EXO powerfulness hold out inward this situation... Kris couldn't own got it anymore in addition to sued SM...
- Wait in addition to then all of the previous SM artists were all treated similar that?
- H.O.T, Shinhwa, a lot of victims ㅠㅠ