Kris And Luhan Settle With SM Entertainment, Agency’s Representatives Release Statement
After arbitration in court, a settlement has been decided on in the legal dispute between SM Entertainment and former EXO members Kris (Wu Yi Fan) and Luhan.
The court has settled the case with recommendation for reconciliation. Kris and Luhan’s contract with SM Entertainment will remain valid until 2022, as per their original contract.
SM Entertainment’s legal representatives released a statement, stating, “We cannot reveal specific details about our settlement, but by the court’s decision and the settlement between the involved parties, SM Entertainment will continue its contract with Luhan and Kris until 2022.”
The statement continues, “SM Entertainment will contract out management of Kris and Luhan for their activities outside of Korea and Japan, and the two will share related revenues with SM Entertainment.”
A source from SM Entertainment has also clarified, “They will of course not be promoting as EXO members.”
Kris and Luhan filed lawsuits against SM Entertainment in May and October of 2014, claiming that their exclusive contracts with the company were invalid due to the length of the contract, treatment from the company, unfair profit distribution, and other reasons.