110315 Court Hearing

Today SM’s finance person appeared in court.

Said at court that 2008 SM’s net profit was 14.7 billion KRW, and out of that 1 billion was earned by TVXQ.

JYJ lawyer asked: then who earned rest of the money?

Finance person said: “It’s earned by BoA, CSJH, Ara, TRAX!”

Then JYJ’s lawyer asked: “So you are saying, they earn more money?”

Finance person couldn’t say anything in response.

2004 HUG album, SM only calculated March and April sales for the 5 of them, after that none of the sales were calculated for them.

In other worlds, all the details of album sales after April, there’s nothing.

The SM side said that MIROTIC sold 480,000 copies, while SM claimed the boys would be paid 5 million only after the sales reached 500,000, so the members didn’t get their pay. Yet the trio side proved evidences that MIROTIC was actually sold 540,000 copies, still SM argued, they didn’t give the pay because TVXQ didn’t come out with a next album…

When SM said this, the court cut them off saying this could not be accepted.

Then the court says, if SM does not provide relevant documents, then the court will order it.

In other worlds, SM continues to not give the relevant documents, so the court wants to use force to gather the documents.

Said 2008 digital album sales would give them 10% of the income distribution, but in 2009, they didn’t even include it in the income distribution.

Also, MV, Dancer’s expenses were all paid by TVXQ.

Their world tour earned 3,400,000,000 (3.4 billion), out of that money, they only gave TVXQ 900,000,000, and then said this was SM’s expenses organizing the event, so it was then deducted (the entire 900,000,000).

Next court date is set for April 19th, at 2PM.

credit: baidutvx 

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