Kris & Luhan Reach Settlement With SM Entertainment, Remaining With Company
Thursday 21 Jul, 2016 - 03:31pm UTC
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have reached a settlement in their lawsuits against SM Entertainment
The two idols' original contracts with SM Entertainment will remain in effect, binding the parties until 2022. Their activities outside of Korea and Japan will be contracted out, and revenue made in those outside markets will be shared with the company.
Specific information about the settlement have not been released.
Although the two will remain under contract with SM Entertainment, they will not be rejoining EXO.
Kris and Luhan filed lawsuits against SM Entertainment in 2014 to have their contracts nullified. They cited unfair contract terms, profit sharing and more as reasons to invalidate them.
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