(INFO) What Happened in the Hearing Today >__<
15 MAR 2011
The Admins are working on a more detailed post, but here is a preview of what is to come. ^^
On the issue of the Net Profit of 14.7 billion KRW (approximately 14.7 million USD) in 2008:
SM: Of that, the portion from TVXQ was only 1 billion KRW. The rest came from BoA, CSJH (Chun Sang Jee Hee), and The Trax.
JYJ’s law firm: Wow, so CSJH must make more money in Japan than TVXQ!
From The Nameless Song Part 1:
…Finally one day we had claimed #1, what we’ve desperately longed for.
That day had come.
From then on, everything started to go well.
Profits reached hundreds of thousands, swept every award and we really felt our success.
Finally we heard that we had hit it big, had raised profits beyond our imaginations
With spring in our steps we went to the company on our pay-day.
Each teammate looked at each other with excited eyes.
We praised each other, that we had worked hard.
On the accounting statement we received, our performance was in theMinuses.
When I checked again, thinking that I had mis-seen– Everything was expenses.
Damn. All of the so much that there was, had slipped out as expenses.
Just what kind of expenses were they, to make so much that there was fly away, to where?
Today’s Hearing revealed that the “Expenses” that members had to pay for included everything,
from snack costs and the SM Executive and Staff’s Gas Money and Parking Fees.
On Whether SM Ever Calculated How Much the Members were Due
SM: Your Honor, we do have evidence that we calculated the money owed to the Members, with the Members.
*Shows a document on TVXQ’s debut single “Hug” from 2004″
Court: … *waits for more documents*
SM: …*stays silent*
Court: …AND??? (Where are the documents that show SM did the calculations for albums after TVXQ’s first single in 2004? TVXQ released albums under SM until 2009.)
SM:…;;;;;; (In the end, SM failed to produce any more evidence beyond the single document from 2004.)
On the 50,000 USD Due to the Members After Mirotic Sold Half a Million Copies
(Under the revised contract, the members were supposed to be paid 50 million KRW (50,000 USD) if they sold over 500,000 copies of an album. Mirotic sold about 540,000 copies.)
Court: So why didn’t you pay the Members the money?
SM: Your Honor, Mirotic only sold 480,000 copies. We were supposed to pay only if it sold over 500,000 copies.
JYJ’s law firm: But Mirotic sold 540,000 copies. *shows evidence*
SM: …;;;;;; Well, it’s actually that we were supposed to pay only on the condition that there be a next album… and
Court: Stop. Not Accepted. (SM rejects SM’s excuse. 50,000 USD for an artist who sold 500,000 copies is ridiculously small, especially when divided into five, but SM didn’t even pay the Members that.)
Source: DC TVXQ Gallery, esc님