Lu Han, Wu Yifan and SM reached a settlement: the contract is still valid, and the income from activities abroad needs to be shared
The legal agent stated that "in accordance with the court's decision and the agreement between the two parties, it is confirmed that the exclusive contract signed by SM Ent Brokerage Company and Wu Yifan and Lu Han will be subject to the original contract and will be valid until 2022." Wu Yifan and Lu Han will entrust management rights to carry out related activities in areas other than South Korea and Japan. Wu Yifan, Lu Han In regions other than South Korea and Japan, SM Ent Brokerage Company will entrust management rights to carry out related activities.
The statement clearly emphasized two points: 1. The exclusive contract between Lu Han and Wu Yifan and SM Company is still valid until 2022;2. SM Company will manage Lu Han and Wu Yifan's performance activities outside Japan and South Korea through delegated management rights. And SM said that Lu Han and Wu Yifan will no longer conduct any activities as EXO members.
Original title: Lu Han, Wu Yifan and SM lawsuit terminated SM: The contract is still validLu Han Studio issued a statement saying: A settlement was reached in the case of Mr. Lu Han suing SM Company for invalidating the exclusive contract, and Mr. Lu Han will freely carry out performing arts work in China in accordance with the existing model. Subsequently, Wu Yifan issued a statement saying: Wu Yifan's contract dispute with SM Company was officially terminated, and in the future, Wu Yifan will have all the rights to freely carry out performing arts work and entrust third parties to conduct brokerage business around the world except Japan and South Korea.
As soon as the two statements were released, these two popular idols, who were former teammates, immediately made headlines on major websites. While fans were cheering, some fans also raised some questions about the content of the two statements: Why did Lu Han's statement say "reconciliation" and Wu Yifan's statement say "termination"? Some fans are even worried that Lu Han's studio's statement only mentioned "free performing arts work in China." Is Lu Han's overseas performing arts work restricted?
In response to this, the reporter learned after verification that today, Korea Pacific Law Firm accepted a media interview in South Korea on behalf of SM Company and issued a statement, which clearly emphasized two points: 1. Lu Han and Wu Yifan and SM Company The exclusive contract is still valid until 2022; 2. SM Company will manage Lu Han and Wu Yifan's performing arts activities outside Japan and South Korea by entrusting management rights. That is to say, Lu Han and Wu Yifan can independently arrange performing arts activities outside Japan and South Korea, but they need to work with SM Company to distribute income. And SM said that Lu Han and Wu Yifan will no longer conduct any activities as EXO members.
Former EXO member Lu Han Wu Yifan's contract lawsuit with South Korean SM officially ended! On the 22nd, SM's legal agent announced that the lawsuit between SM and Lu Han and Wu Yifan in South Korea had ended in a settlement.
The legal agent stated that "in accordance with the court's decision and the agreement between the two parties, it is confirmed that the exclusive contract signed by SM Ent Brokerage Company and Wu Yifan and Lu Han will be subject to the original contract and will be valid until 2022." At the same time, Wu Yifan and Lu Han In regions other than South Korea and Japan, SM Brokerage Company will entrust management rights to carry out relevant activities. Wu Yifan and Lu Han provided corresponding income distribution to SM Company.
In the future, regarding whether Wu Yifan and Lu Han will still be active as EXO members, SM Company flatly stated that "there will certainly be no more activities for the two of them as EXO members in the future."
On the other hand, Wu Yifan and Lu Han filed a lawsuit against SM brokerage company in the past 2014 that there was no confirmation of the validity of the exclusive contract.
The following is the full text of the statement issued by SM's legal agent
. The lawsuit filed in South Korea between SM Co., Ltd., Wu Yifan, and Lu Han ended due to the court's decision to reconcile and persuade it.
Although it was impossible to inform the specific content of the agreement, based on the court's decision and the agreement between the two parties, it was determined that the exclusive contract signed by SM Ent, Wu Yifan and Lu Han Co., Ltd. would be subject to the original contract and would be valid until 2022. Wu Yifan, Lu Han In regions other than South Korea and Japan, SM Ent Brokerage Company will entrust management rights to carry out related activities. Wu Yifan and Lu Han provided corresponding income distribution to SM Ent brokerage company.
Well, according to SM's statement, the two statements made by Lu Han and Wu Yifan's studios are only a difference in terms of wording. The word "settlement" used by Lu Han Studio is a means of ending the lawsuit, while the word "termination" used by Wu Yifan Studio is the result of litigation. There is no doubt that Lu Han and Wu Yifan will be able to freely arrange performing arts work outside Japan and South Korea.
In addition, SM said that it would not disclose details such as the copyright of the EXO 1 song series and specific settlement conditions that fans are concerned about.
Among the original China members of EXO, three (Wu Yifan, Lu Han, and Huang Zitao) have already proposed to cancel the contract with SM Company. At the same time, these three performing arts activities in China are also booming. Whether Huang Zitao will adopt the same reconciliation method with Lu Han and Wu Yifan now makes fans feel worried. It is hoped that after resolving the protracted contract dispute, several people will have better and better development.

Wu Yifan Studio Statement

Lu Han Studio Statement
Editor: Nancy
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