BlackPink leaves YG?

TPO – According to Korean media, the exclusive contract between the 4 members of BlackPink and YG Entertainment for individual activities has not been renewed.

November 20, sheet Munhwa reported that BlackPink members maintain their group contract with YG Entertainment. But with individual activities, the exclusive contract between each member and YG Entertainment cannot be renewed.

According to Munhwa, Lisa soon decided to follow her own path. The remaining members are also negotiating terms with many different companies.

An official in the music industry said: “There are places that pay tens of billions of won in advance to recruit them. However, some members think that cooperating with YG will be more effective, because the company prioritizes their joint activities.” BlackPink”.

Regarding the above information, YG Entertainment shared with Hankyung: “Nothing has been confirmed yet and we are in discussion.”

BlackPink’s contract issue continues to attract attention.

Also on November 20, BlackPink received the Top Kpop Touring Artist award at the 2023 Billboard Music Awards (BBMAs).

BlackPink won this award after defeating SUGA of BTS and TWICE. The categories were announced by BBMAs before the main awards ceremony took place on November 20 (Korean time).

BlackPink’s second world tour is titled Born Pink was a great success, attracting 1.8 million audiences with cumulative revenue of nearly 300 billion won – the largest number for a Kpop girl group.

The exclusive contract between YG and BlackPink members ended in August. However, many months have passed, and the company has not yet announced whether the two parties will re-sign or not. This company is even about to introduce a new girl group called BABYMONSTER.

Also because BlackPink’s contract issue has not been announced, YG Entertainment’s market capitalization has decreased by nearly 600 billion won. Because BlackPink accounts for a significant proportion of YG Entertainment’s revenue, the public is very concerned about whether their contract with the company will be renewed or not.

Previously, there were rumors that Rosé was the only member to renew her contract, while Jisoo, Jennie and Lisa would move to another company. However, YG said: “Nothing has been confirmed yet.”

Recently, Rosé was the only member announced by YG Entertainment to release a photo set for Christmas. That further raises the news that only Rosé continues to renew her contract with this company.

Alternative music group BlackPink is struggling

November 19, 2023