His career has now gone to dust but Kris Wu still has to worry about dividing profits for his former management company.
Money can only come to us if we work. But somehow in Korea, there is still a company that doesn’t need to do anything but still gets the money yearly – SM Entertainment. This joke was made from the story related to the lawsuit of SM and Kris Wu 7 years ago.
In 2014, after collecting enough reasons to sue SM and being able to completely cancel the contract, Kris Wu returned to China and was still not let go by this entertainment company. Luhan also got into the same situation as Kris. SM fights to the end to protect their rights. After a long time, in July 2016, the Court officially announced: Kris and Luhan’s contract with SM will continue to be valid until 2022, according to the deadline that both signed with the company.
SM shared in the past, “We cannot disclose the details of the verdict but according to the court’s decision and the settlement between the parties involved, SM will continue to contract with Kris and Luhan until 2022. SM will continue to manage Kris and Luhan’s activities outside of Korea and Japan. Both must share their related income with SM.”
With Huang Zitao, SM also won the case and he had to pay the same “price” as the two former EXO’s member.
You have to take responsibility and pay the price for whatever you do. Applying this sentence to recent incidents, it seems that the 3 male singers have paid a price for too long. Although his career has come to an end, Kris Wu still has to worry about dividing profits with SM until 2022. Besides, there are profits to be divided, losses are borne by himself, what a shame!