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

Posted on: March 28, 2011

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

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
The keyword here is “invested”. Remember what DBSK has brought in is rightfully counted as profits. If SME wants to invest, they use company’s portion of profit to do that – not by using their EMPLOYEE’s profit to do so. If you still argue with me on this issue, I demand to investigate all CEO incomes to see how much of their incomes is used as company’s investment. (and note: some investments is tax refunded!). So here, SME clearly twists words to blind people with large amount of money instead.
This leads to second argument, the 4:6 ratio is thus not trustworthy (if we made a rough calculation, it should be 3:7 or even 2:8 or more if we count DBSK CD/DVD sales not only in Korea and Japan but also worldwide.

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 rofits is not transparent. We cannot trust them.”

(note: the 7:3 ratio is divided by SM Japan, SME, and Avex plus other “expenses” that are deducted from their pay before any form of payment reaches the boys.)

By now, it’s clear that they are not honest. In their first statement, they avoided this issue. Now they mentioned it AND it made people tend to forget other more important issues of UNFAIR CONTRACT. So far, DBSK members made statement of “unfair working conditions”. They showed their willingness to continue working in SME. But all SME responses were and are focusing on money, money and money. And this in turns made many fans easily fall out of this mess because of complicated understanding of matter.

All this is screaming SME’s strategy in this battle: first, divide fanbase (which already happened), second, mess up and confuse fanbase (not DBSK) to make them lose interest in following this case (it’s happening) and next step I predict it’ll be: deepening the space between fans by promoting other members more (like HoMin), twist words to further confuse fans (media play) with some scandals of DBSK members in the past or now (originated from “fan” blog, trustworthy Korean newspapers, “reliable close acquaintances of DBSK”, etc) WHILE cancel all DBSK group and yoosujae activities with reason “lawsuit prevents us to let DBSK perform” and then finally SME shows fans some records to see.

Remind again: SME is in control of situation by now, no matter what you say. They’ve got time to “clarify” their financial records, they are in control of media so that people now tend to talk about this lawsuit due to money problem instead of unfair contract, they are in control of DBSK activities whether DBSK wants to perform or not (proof: cancellation of SMTown) and they are in control of business (Avex can lose DBSK because they can get Shinee or Suju but Avex cannot lose business relationship with SME if that relationship brings in more money to them).

I can point out many other ridiculous things in SME’s statements, but that doesn’t change the fact that SME KNOWS IT’S RIDICULOUS BUT THEY DO NOT CARE (do you believe they hire strongest lawfirm just to state something ridiculous?).
So if any of you feel pity for SME or think SME in deep sh*t, I recommend to think twice.
I feel pain for DBSK instead. Because number of people who think DBSK is ungrateful or tired and thus ignore this case is increasing. And after this mess, they DBSK will be in more pain to face grudges from SME (you did see their power in the past) whether DBSK win or lose.

PS I see some screenshots of supposed-to-be proof of “DBSK members signed and know how much they get”. My 5-cent again: please show me full content of that paper. Otherwise, I give DBSK benefit of doubt. DBSK said they don’t know what payment they get, SME showed here, it’s what you get paid for. Who to believe? Show me accounting and auditing record (which is an out-of-question request because no business will reveal this to mass media. Remember again: papers are in SME’s hands). Pointless proof.

See here:http://sharingyoochun.net/2009/08/11/news-dbsk-signatures-when-they-get-paid/

THAT IS THE SIGNATURE TO ACCEPT WHAT DBSK GET ,

NOT THE TRUE AMOUNT SM GET!!!

Don’t fall for the dirty plan , baby.

They may get like 10 times more , but they just write in the paper “well , this is only what we’ve got , go ahead , take your share….”

THERE’S NO REAL RECEIT FROM THE SHOWCASE COMPANIES PRESENTED , JUST THE NUMBERS ANYONE CAN MAKE UP.

 

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