Amidst the looming contract renewal of BLACKPINK members (Jennie, Rosé, Jisoo, Lisa), even the slightest news related to them makes YG Entertainment's stock price jittery. On the 21st, when rumors spread that the members might be signing with different agencies, YG Entertainment's stock price plummeted to 69,200 KRW. The previous day, it had closed at 79,800 KRW, marking a 13.28% drop in just one day. The day's lowest point even reached 67,500 KRW.
YG Entertainment (hereafter referred to as YG) recorded outstanding performance in the second quarter. This is largely attributed to BLACKPINK, the leading artist group under YG's wing. The focus now shifts to whether YG, which heavily relies on BLACKPINK, can devise a new revenue model, especially with the group's contract renewal looming.
The K-pop world is abuzz with speculation following an online post suggesting that the globally popular girl group BLACKPINK's contract down payment could be a staggering 1.5 billion won ($1.15 million) per member. The rumor has sparked a flurry of mixed reactions from fans and netizens, igniting a debate about the fairness of the alleged figure.
As the clock ticks towards the expiration of BLACKPINK's contract with YG Entertainment on August 8, the entertainment industry is abuzz with speculation about the future of the globally acclaimed K-pop group. The anticipation is heightened by the fact that the group's 'BORN PINK' world tour, scheduled from August 11 to August 26 in the United States, might delay the official announcement of their contract status until after September.
As the 7th anniversary of BLACKPINK's debut approaches, the K-pop world is abuzz with speculation about the group's contract renewal with YG Entertainment. The stakes are high for YG, as BLACKPINK has become one of the most sought-after acts in the industry, with several entertainment agencies reportedly vying to sign individual members.
The K-pop girl group FIFTY FIFTY, who has applied for an injunction to suspend the validity of their exclusive contract, only have four days remaining until the proclaimed "Golden Time" set by Hong Joon Jeon, the head of their agency, Attrakt Entertainment.