SM, “We give 40% of profits to Dong Bang Shin Ki”

[-ochre.livejournal.com]

SM Entertainment revealed recently, “We split profits with group Dong Bang Shin Ki at the ratio of 4:6.”

Revealed on MC programme “Current Affairs Magazine 2580′ aired on 9th August, Dong Bang Shin Ki has brought in a recorded 49.8 billion KRW. Of these, SM has invested 22.4 KRW. And the rest was split between the group and SM at 4:6.”

SM said, “Of the benefits, Dong Bang Shin Ki gets 4 proportions and SM gets 6 proportions. Of the 27.4 KRW, Dong Bang Shin Ki gets 11.0 KRW and SM gets 16.4KRW.”

It was also revealed that for overseas promotions, Dong Bang Shin Ki gets 7 and SM gets 3 proportions.Also for overseas event, CF revenues, they are split at 7:3.

But according to the 3 members of Dong Bang Shin Ki, “The splitting of profits is not transparent. We cannot trust them.”

And also about their 13-year contract, SM said, “We also secured the time when the group went overseas to promote. In Korea 3~4 years, in Japan 3~4 year, in China, it was 3~4 years.”

And about this, the 3 members’ lawyer said, “This is a contract which will make this idol stars work their live. Also for album sales, they only receive no more than 0.4~1% for each member.”

Source: sookyeong

Comments

[hoyah.livejournal.com]

The splitting of profits is not transparent.

show the books, sme

[neptunepirate.livejournal.com]

whatever SM.

[iheartomntd.livejournal.com]

IA, but they're going to "doctor" them anyways so.....

[redfath.livejournal.com]

lol! this is great.

[-ochre.livejournal.com]

Tbh, it would be really funny if SME turned out to be telling the truth. Then JaeChunSu wld be all "O I C" lol.

[jaesus.livejournal.com]

....LMAO. I was just thinking this.

[zenfu.livejournal.com]

If SM takes 22.4 KRW before DBSK gets anything at all, then it's not split 4:6.

Their logic does not resemble earth logic.

[under-an-oak.livejournal.com]

This. Does TVXQ even get a say on what that 20+bilKRW get invested in? Do they get profits frm the investments? Show the books SME and stop the BS.

[rinn1e.livejournal.com]

But, what was the lawsuit about in the beginning again? Has anyone say anything about that? Money for the 13 years?

If it's money first, (seemed like everything revolve around money) then I would understand they're talking about money.


But if it was about the long terms of 13 years....Why is SM talking about money?

[rinn1e.livejournal.com]

*money or the 13 years

[srsbsns.livejournal.com]

Oh really now?

[beauty0fparting.livejournal.com]

this post reminds me of this:

(http://tinypic.com)

because i went, "uhhh..... whut????"

[hoyah.livejournal.com]

... that's an actual article title? 8D wow

[memoryofsunday.livejournal.com]

Is it wrong that I'm tripping harder on the 3~4 hours of sleep they get a day than on how they're divvying up the moolah?

Really, SM just needs to stfu and let their books do the talking instead. Unless they're fudging stuff in the books too. Idk, I don't like the way they try to pull numbers out of their asses.

And waaay back when this whole thing started (note the sarcasm), weren't they saying that the members only made about $300k USD a year? Or was that only in album sales? Frankly, I'm confused.

But, as has been said in other comments, let's not forget the 13 year SLAVE contract they're signed under. I wish this could be about more than just the money. It's discouraging to see SM playing it that way. All of their statements are focusing on the money and the occasional "oh, we told them about the health risks."

I don't understand this anymore. Can we get past pointing fingers and start working with solid facts now?

[rinn1e.livejournal.com]

What they need to do is start playing the "silence is golden" game like the three musketeers.

[ladyarisa17.livejournal.com]

FADFLAJDFALDFJAKDFJASLKDFJAS.
is how i feel about the situation.

[hp-eternalglory.livejournal.com]

mte.

[kehleejay.livejournal.com]

TT_____TT Make it stop~~~ >_<'

[hoyah.livejournal.com]

Does anyone else find it weird that SME is now saying it's a 4:6 split? I mean, why not state this in the original refutation? Seeing as they're the ones handing out the salary, it shouldn't have been so hard to figure out what the split was - unless they were spending time fudging up the books to make it look like a 4:6 split. *waggles eyebrows*

No, but in all seriousness - the timing makes me wary.

[hp-eternalglory.livejournal.com]

this whole thing makes me wary.
but i always thought dbsk got the most money out of the sm groups. (besides boa, of course)

[twomin.livejournal.com]

(http://es.tinypic.com)

[blooberrie.livejournal.com]

icon and macro A+

[redfath.livejournal.com]

SFM=Soo Fucking Man

[chiddle.livejournal.com]

lulz n1

[lastclasshero.livejournal.com]

Pure. Rubbish.

sme is thoroughly impossible.

[samloves.livejournal.com]

Whatever. I'm not believing anything SME says until they show the actual documents, monetary transfers into the boys' accounts of whatever. I'm not buying the 4:6 ratio. In my mind, boys = victims and SME = money-hoarding prat.

[chibi-rei.livejournal.com]

Even if this were true (and I doubt it is) they still have to split the profits between 5 guys. Then there's taxes taken out, living expenses, money to family (do any of these guys help support their families?), Chun has money going into the gelato place I bet...

[vani21.livejournal.com]

Seriously SME grow a collective brain and stop releasing statements attempting to make you look better. Fangirls aren't gonna buy it. It's not about the money.... Well, it's not just about the money.

[seidy.livejournal.com]

Totally load of bullshit.

calculator is needed this time

[seidy.livejournal.com]

Since SM stated that their company give overall 11 billion KRW to TVXQ.

This means the overall profit from the past 5 years that SM gets from TVXQ is only 16.5 billion KRW (calculated from 4:6 figure).

[dandycat.livejournal.com]

If you're going to lie, at least make it believable. Shisus.

moar

[cloaked.livejournal.com]

screencap from Current Affairs Magazine 2580, grabbed from soompi. "those are apparently their signatures for whenever they got paid. sm is saying that the boys knew how much money they were getting each time they signed..." - jaechunsu claimed that they never had any idea what they were getting paid right? okay then sm.

Re: moar

[-ochre.livejournal.com]

omg I really shouldn't be saying this cos your comment is so srs business, but lmfao forever at Changmin's signature (if that IS his signature, cos why would he sign in Hanja?). LMAO FOREVER.

[ohbangladesh.livejournal.com]

pics or it didn't happen.

in other words, prove it SM.

[nicooyo.livejournal.com]

"It was also revealed that for overseas promotions, Dong Bang Shin Ki gets 7 and SM gets 3 proportions."

Are they talking about Japan because if so is that before or after Avex takes their cut?

All I see from this is SM trying to make JaeChunSu look like greedy assholes.
Okay we get it SM you're trying to drag JaeChunSu through the mud to make yourself look better now please STFU already.

[rinn1e.livejournal.com]

Don't forget, in one of the article, they talk about SM Japan taking the cut as well.

So that would be, Avex, SM Japan, SM Korea and then DBSK.

Dang! @_@

[nicooyo.livejournal.com]

Honestly the fact that SM is trying SO hard to make themselves look like
the "good side" in all of this makes it hard to believe anything they're saying.

[hi-junpei.livejournal.com]

I honestly don't trust SM at all in this situation, but I don't understand your logic. If you were being accused of horrible things, wouldn't you vehemently deny it? I feel like they're kind of damned if they do, damned if they don't.