[theqoo] YG WHO SEEMS TO HAVE SIGNED 10 BILLION WON PER PERSON FOR BLACKPINK'S CONTRACT RENEWAL
Exclusive contract fee/acquired: 41,185,000,000
This 2023 YG Entertainment business report published today by the Financial Supervisory Service
Looking at the intangible asset items, you can see that a new exclusive contract fee of 41.185 billion (30M USD) won was acquired in 2023.
The amount of exclusive contract money obtained through the new exclusive contract between YG and YG Artist in 2023 is about 41.2 billion won, but I think most of it went to Blackpink's contract renewal fee and BABYMONSTER's new exclusive contract fee.
Among the artists on the list below, it can be narrowed down by checking who has signed a new exclusive contract with YG in 2023 or who has renewed the contract.
Of the contracts last year, the only ones I know of are Blackpink and BABYMONSTER, so the contract renewal fee for Blackpink is expected to be at least 30 billion won (22M USD).
Since the amortization for one year is 5.5 billion won, it is predicted that the contract renewal will be 7 years.
(People signed under YG, Blackpink & BABYMONSTER are mentioned at the top)
original post: here
1. Please give us an album already
2. Even for 7 years, we won't receive much
3. Honestly if they really received 10 billion won each (7M USD), that doesn't seem like a lot ㅋ YG will be able to recover all of that just by sending them on world tour once ㅋ Anyways, I hope they'll probably Blackpink a lot in the future
4. Daebak, so they probably made billions each, please work harder YG
5. Wow I'm so jealous
6. But if Blackpink leaves, that leaves YG with BABYMONSTER and those 2 male idol groups... 10 billion is a lot for them
7. But based on how much they earned, that doesn't seem like a lot
8. Compared to their popularity and influence, this feels small
9. Didn't Blackpink f*cking earn a lot during their tour?
10. Wow 7 years, YG did well
