As of today, July 21, Wu Yifan (Kris) and Luhan’s contractual dispute with former agency SM Entertainment has drawn to a close.
The court recommended for the two parties to reconcile, and the final agreement dictated the following (in short):
- Wu Yifan and Luhan’s exclusive contracts with SM Entertainment stay in force until 2022 as was originally written up.
- Wu Yifan and Luhan will continue to pay SM Entertainment a portion of their profits until 2022.
- Wu Yifan has all the freedom to develop his artist activities and independently hire a third party’s management services everywhere in the world (other than Japan and Korea).
- Luhan will be free to continue his activities as a performing artist under the existing pattern in China.
Since Mr. Kris Wu’s return to China, the legal issues in relation to his original management company S.M. Entertainment has received everyone’s attention. Our statement is as follow:
Starting from today, Mr. Kris Wu and S.M. Entertainment’s contractual dispute has officially come to an end. From now on, Mr. Kris Wu has all the freedom to develop his artist activities and independently hire a third party’s management services everywhere in the world (other than Japan and Korea).
On behalf of Mr. Kris Wu, our studio thanks all media and friends for their support and attention during this time and special thanks to the fans for their many years of sticking around and their love. In the future, Mr. Kris Wu will use many better works to repay everyone for their anticipation.
Source © 吴亦凡工作室
Trans © shuaijerks
On July 19, 2016 at 24:00, Mr. LuHan’s lawsuit regarding the nullification of the exclusive contract against S.M Entertainment Co., Ltd, has officially reached a settlement.
On October 10th, 2014 at Seoul Central District Court in South Korea, Mr. LuHan officially filed a lawsuit to apply for the “nullification of the exclusive contract” with S.M. Company. At the eighth mediation, with Mr. LuHan and LuHan Studio’s active cooperation and the continuous efforts from the judge and also the legal teams from both sides, Mr. LuHan and S.M. Company finally reached a settlement.
From now on, Mr. LuHan will be free to continue his activities as a performing artist under the existing pattern in China.
In the past nearly two years, Mr. LuHan and LuHan Studio really appreciate the hard work that South Korea’s Hankyul Law Firm and China’s legal team have made; thankful to all cooperative partners, guests and friends for the support and understanding; thank you to all Lu fans for your trust and companion.
For a long time in the future, we believe there will be more follow-up works to handle and resolve, but we will uphold our gratitude and attitude for friendly negotiation. There’s a reason to expect that the future will be better. Once again, thank you to all our concerned friends. Walking together, thankful to have you all!
Source © 鹿晗工作室
Trans © luking0420