tohoshinki's activities = 1.5 billion

[accidentplan.livejournal.com]

In regards to the long term contract and undisclosed earning percentage split problem, it had created an unfair contract. Tohoshinki’s 3 members finally decided to go through court to resolve this dispute with their agency SM Entertainment.

Recently, the 3 members of Tohoshinki had requested to have their earning percentage split in Japan’s documents without taking in much consideration.

It is said that Tohoshinki had debuted in Japan in 2005 and till now, 4 years had passed and each member’s earning in these 4 years could only reach about 1.5 billion. This is the first time that Tohoshinki’s earnings from their daily activities in Japan have been revealed.

Representatives had too expressed that SM JAPAN is a company that SM KOREA has 90% control over, and because of the matter over in SM Korea, it is said that it makes one suspicious of how SM Korea manages to pay for SM Japan too.

The members are rather confused over the whole percentage split earning because they have yet to see the whole real contract, according to SM in May revealed their financial status, SM Japan belongs around 93.5% to them. In regard to this matter, the public have raised questions.

Korean art schools professor, Lee Dong Ting said “Because of Tohoshinki’s activities in Japan, it had created a problem in percentage splitting. According to Tohoshinki’s agency, SM Japan and Avex would like to take in 50-50 of the earnings then between SM & SM Japan, another 50-50 in earning’s and in truth, Tohoshinki actually received only 1/4 of the earnings during these activities.

With an agenda of “Through Tohoshinki you could see that the companies system is full of problems and solutions were made,” Professor Lee also pointed out “SM JAPAN and SM been seen as 1 company is okay, therefore this kind of split for earning’s can bee seen as a dirty hand trick.” Professor Lee then said “The total amount that Tohoshinki is getting, being an artist and enjoying their reputation along with SM’s way of making use of the money in the name of ‘because it’s business’ (IE. Saying they need to pay their stylists etc) is not tallying with the reality calculation.”

Source: hohobbs + two
Translations: mel @ OneTVXQ

Comments

[walnuuut.livejournal.com]

The truest words bb.

[fragiledays.livejournal.com]

i was thinking 'hey, that's not a lot...' then i re-read it and it says billion for crying out loud. i'm guessing this is in yen, so it's be about $16 million.

...and why is it that they were able to get these numbers from avex but not from sm? ):

[feel-my-mind.livejournal.com]

The numbers came from SM Japan, not Avex....

All the splitting really isn't that surprising though. I mean it sucks, but its not at all surprising.

[jeffblurian.livejournal.com]

it's 1.5 billion won - not yen (get it from korean one here: http://www.ohmynews.com/NWS_Web/view/at_pg.aspx?CNTN_CD=A0001207454). i'm still digging more info about this source's credibility though cuz of too many questions here and there.

[honeydice.livejournal.com]

Money makes the world go round. I just hope the boys win, so sick of these articles.

[ballad.livejournal.com]

1/4 just for all their hard work?
that isn't totally fair :O

[seidy.livejournal.com]

First of all, it's 1.5 billion Korean Won.

1,500,000,000.00 KRW = 1,204,290.428 USD [not sure if this amount include tax or not]
1,204,290.428 USD / 4 Years = 301,072.607 USD per Year

FYI, I used this site (http://media.graniteschools.org/Curriculum/korea/convert.htm) to convert ₩ to $.

I have a number of questions in my head. If SM Japan really does exist, then who is the one who pay for the boys' activity in Japan since there are AVEX & SM Japan presented, or is it SM (South Korea one) who does this job?

I can't even believe that their overall earnings from CD, merchandise etc. in Japan [minus the investment] is only 1.5 billion won for the last 4 years.

[mihsayam.livejournal.com]

I really pity the that SM overworked them so much. But I keep in mind that Profit = Revenue - Expense.

[inheritable.livejournal.com]

DBSK's expenses are really really high, so there must have been a significant deduction to their revenues.

[distortedinpink.livejournal.com]

That's.... really messed up D: They should've earned more for sure =\

[music3chick.livejournal.com]

*sigh*
I wonder how Crebeau's lawsuit is going.

[rinn1e.livejournal.com]

so it's in won? o_O that's more messed up since they work in Japan, you would think they earn more in Japan.