Amid suspicions that BLACKPINK's contract renewal has not been renewed for three months, YG Entertainment, the group's agency, has released an official statement stating that "contract renewal negotiations are underway."
In its quarterly report on the 14th, YG said, "As of the date of the announcement, the exclusive contract with the artist [BLACKPINK] is in the process of being negotiated for renewal of the contract," and "the final result will be announced through the disclosure of 'Major Management Matters Related to Investment Decisions' at a later date."
BLACKPINK, a popular group that is leading K-pop in the world, has four members: Jennie, Lisa, Jisoo, and Rosé. However, due to their immense popularity, their ransom price has increased, and it has been predicted that it will not be easy to renew their contracts. Their exclusive contract ended in August, but three months later, no decision was made on whether to renew it.
In the meantime, various speculations have emerged. Rumors abounded, ranging from speculation that LISA was leaving YG after receiving a contract offer of tens of billions of won in Thailand to Jennie's establishment of a one-person agency. It was also said that Rosé was announced to pre-sell the greeting for the 2024 season, and it seems that only Rosé has succeeded in renewing his contract.
At one point, YG's stock price dropped 13% due to rumors of BLACKPINK's contract not being renewed. As such, BLACKPINK's move is important to YG. BLACKPINK's world tour, which began at the end of last year, attracted about 2 million viewers. The power of each member is also great. In March, Jisoo's first solo album, ME, surpassed 1.17 million copies in its first week of release. It was the highest ever for a K-pop female soloist. Last month, they released a special single, "You & Me." The song reached No. 7 and No. 1 on Billboard's Global 200 and Global Charts, respectively.
In addition, YG's group TREASURE made a comeback with their second full-length album 'REBOOT' in July this year and sold 1.71 million copies in its first week. AKMU, who made a comeback after two years, became the first non-idol singer to sweep the top of major music charts, including Melon's Top 100 and Daily No. 1, with their fourth single "LOVE LEE" released in August.
source: https://n.news.naver.com/mnews/article/005/0001652094
