SM Entertainment has finally addressed the recent rumors surrounding EXO's Chanyeol and Sehun potentially parting ways with the agency.
Speculations have been rife in recent weeks, and fans have been left on tenterhooks as they awaited official word from the powerhouse entertainment company.
SM Entertainment Confirms EXO's Exclusive Contract Stays Intact, Ending Rumors
The verdict is in, and the exclusive contract inked between SM Entertainment and the EXO members, which was signed at the close of the previous year, is here to stay.
This resounding announcement was made public on October 17th, putting an end to the swirling rumors and ensuring the continuation of EXO's activities within the SM Entertainment fold.
The origin of these rumors can be traced back to whispers suggesting that Chanyeol and Sehun were considering a bold move – a departure from SM Entertainment in favor of an exclusive contract with a new agency.
The alleged motivation behind this shift was to seek more expansive avenues for pursuing individual career aspirations, while still keeping the door open for group activities under the SM Entertainment umbrella.
SM Entertainment Adapts Stance: Open to Allowing EXO Members' Individual Pursuits
In a bid to quell the uncertainty and conjecture, SM Entertainment has come forward to offer clarity on the matter.
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While the agency had initially voiced their disapproval of Chanyeol and Sehun's potential departure, they've now taken a pragmatic stance.
SM Entertainment has revealed that it is open to the idea of permitting individual pursuits, provided they are carried out through corporations established by the artists themselves.
The official statement from SM Entertainment underlines this pivotal change:
"Under the exclusive contract with SM, we have decided to conditionally allow individual activities to be carried out through a corporation established by the member if the member so wishes."
This statement underscores the agency's adaptability to the evolving desires and ambitions of its artists, signaling a new era of flexibility and collaboration.
As the entertainment world awaits the next chapter in this unfolding story, it is clear that EXO, with Chanyeol and Sehun at the helm, is poised for a future that balances both group dynamics and individual aspirations.
Fans and industry insiders alike are watching with bated breath as SM Entertainment embarks on this dynamic journey, filled with potential and promise.
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Madison Cullen wrote this.
