--♥ TVXQ's Japanese Income Division ♥--
♥Each Member Received♥
"150 million Won"
Income was divided in the order of
Avex-SM Japan-SM-Members...
SM Double Acquisition ControversyAn
argument that five member group TVXQ,
who are currently in a legal dispute with their
agency over their exclusive contract and inexact
income divisions, earns an extremely low income
from their Japanese activities has been put forth.
An influential acquaintance of the three members
who are locked in this legal dispute
(YoungWoong Jaejoong, Micky Yoochun, Xiah Junsu)
stated, "The amount of money TVXQ has earned from
when they started their Japanese activities in 2005
till now is a little over 150 million Won per member.
"This is the first time TVXQ's Japanese activity income
division has been referred to in detail.He explained the income
division process in detail saying,
"A portion of the money TVXQ earns from
their Japanese activities goes to their Japanese
agency Avex, and some of it goes to SM Japan.
The rest goes to SM Entertainment.
Therefore, the members receive
only an extremely small portion of the overall income."
He also added, "SM Entertainment owns more than 90%
of SM Japan's quota and is the parent company of SM Japan,"
and conspired that, "Another controversy arises of
their Japanese income division because of this."
He stated that, "Since the members have never seen
the actual Japanese contract, they have no clue of how
the income division is going on between the agencies
and are feeling very frustrated with the situation."
SM Entertainment owns 93.5% of SM Japan's quotaActually,
according to the quarterly report SM released in May,
SM Entertainment owns 93.5% of SM Japan's quota
(On March 31st).
Even the Civil Society Organization has pointed out
that there are problems in the way SM Entertainment
divides and calculates the income. Lee Dong-yeon, professor at
the Korean National University of Arts, stated,
"The money TVXQ earns from their Japanese activities
is first divided by Avex and SM Japan who co-manage
the group by 50% each, then SM and SM Japan split
the money SM Japan got by 50% each. Therefore,
TVXQ only receives a small portion of 1/4 of their income,
not a portion of their entire income".At the debate that was
on the prompt 'The Problems Regarding the
Korean Entertainment Management System Revealed
Through the TVXQ Dispute and the Solutions To These Problems',
Professor Lee said, "It can be said that
SM Japan and SM Entertainment are basically
one company therefore SM Entertainment is using
this to acquire twice the amount of money they
should be getting from TVXQ's Japanese income.
"Professor Lee also stated that, "
It can easily be seen that we obviously cannot say that
TVXQ and SM Entertainment have a fair and just
contract agreement when carefully reading through the
fine print of the contract and taking into consideration
TVXQ's income division and the preposterous amount
SME claims they spend on managing TVXQ
(In truth, most of this money is
actually not included in the income division.)
"On a side note, it has been found that SME did not
adhere to the Preservation of Evidence Request that
the three TVXQ members filed that was accepted by the Courts.
This Preservation of Evidence Request includes all
documents relevant to TVXQ's activities that would help
calculate TVXQ's actual income that include account books,
receipts, transfer slips, etc.On the 21st, the Seoul District Courts
asked SME at the first hearing to hand in all documents
relevant to the trial, but SME did not follow through.
SME's lawyer stated before that,
"These documents are all company secrets, and it
would be fatal to SME if they were released to the media."
*******************************************
This last part of this note
was totally ridiculous for
SME ne????
Pay attention the Seoul Court ask to SME all documents
in hand and SME just tell to court this documents is
"secret" (¬.¬)" so annoyed ne???
Ridiculous !!!
And God ...Our boys work hard as true slaves to
gain just a small part of their efforts (¬.¬) """
Isn´t fair !!!
I want justice for Them♥ !!!
Source: [newsen+DNBN]
Translation credits: jeeelim5@tohosomnia.net
Shared by: tohosomnia.net+
Do not add on/remove any credits
♥ Sayuri JaeJoong ♥
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