According to Nate News, Industry insiders are anticipating that YG will offer a down payment of at least 20.0 billion KRW (about $16.2 million USD) per member to keep BLACKPINK Contract renewals are usually for 2~3 years.. Jennie started with her solo song You and Me, followed by Jisoos recently released Flower. Rose also sang On the Ground, while Lisa showed off her rap skills with her hit Money., ALSO READ: YG Entertainment Addresses BLACKPINKs Rose Drug Use Allegations, Threatens to Take Legal Action. Kang Dong Won . The agency of K-pop girl group BLACKPINK's Ros, 26, finally denied the dating rumors between her and actor Gang Dong-won, 42, after issuing a vague statement. But insiders still believe YG Entertainment would have to offer at least 20 billion KRW per member. When you take into consideration the scale of the Korean market, itll be hard for [Korean agencies] to handle that kind of offer. Epicstream is supported by its audience. Stay updated with the latest Hallyu news on: Instagram, YouTube, Twitter, Facebook and Snapchat, ALSO READ:BLACKPINKs Jisoo stuns at Dior Couture show at Paris Fashion Week: Fans call her Audrey Hepburn lookalike. The Largest K-Pop Girl Group World Tour Affects Contract Renewal Decision NakdSeoul . These numbers on one hand are making netizens wonder if the company will in fact be able to earn back the money they invest in the said time or if it will be a no-brainer for them to sign with the girls as they are more likely to continue with the group promotions thanks to their massive fandom. Recent reports that Lisa has been offered 100 billion KRW (approximately $81 million) by an overseas company to switch labels have fueled concerns that BLACKPINK will soon disband. The agency had previously stated that they could not check their artists' private matters but have been . Officials then continued that these things achieved and will be achieved as one by the quartet "seems to have further increased trust in YG Entertainment.". According to a report by KpopHerald, a popular news website from the K-Pop stratosphere, the five-member global success from South Korea was allegedly on its way to cutting ties with their company. Chris Evans gets candid about his role in 'Ghosted': 'thats fun to play', Heres everything to know about Kylie Jenner, Timothe Chalamets casual' dating. Fourth and last, Jennie, a member who has been rumored to be dating BTS V almost every day from May also sparked speculation if this would become a huge variable when she renews her contract. If the rumors are true and they give each members 20.0 billion KRW (about $16.2 million USD), for a total of 80.0 billion KRW (about $65.0 million USD), YG will need to calculate if theyll be able to make a profit within that time period. YG Entertainment's stock price is showing a strong performance in the early hours of the market on the 19th, thanks to a brokerage report predicting a high possibility of renewing Blackpink's contract. On Thursday, reports from K-Pop Herald and The Korea Herald claimed BLACKPINK would move to The Black Label for future management, per an insider source. YG Entertainment denied that BLACKPINK's Rose and Kang Dong Won are dating.On April 17, . Taxi Driver 2 Shin Jae Ha, I was exhausted when filming two dramas simultaneously I want to return in Season 3 as a Rainbow Taxi member, BTS see off j-hope as a complete group, reveal family-like photo, Viewers feel like this actress was born wearing a hanbok because she has starred in so many historical dramas, BTS j-hope quietly enlisted among the arms of all members, even Jin on vacation. They have released several hit singles and albums, with many of their songs reaching the top of the music charts. Be first to post one! Why BLACKPINK Has Released Limited Music: Exploring Their History And Industry Trends. Blackpink is also the same. In addition, regarding the rumor that BLACKPINK will join The Black Label company, YG has said Unfounded. According to media reports, the quartet is all set to re-sign with the label once again. Thankfully, Jennie, Lisa, Jisoo, and Rose are determined to stay. In context, seven years is the limit of most idol contracts with their agency and often, groups part ways or a member withdraws from the team during this time; hence the nickname. This includes the BIGBANG members, out of whom only leader. Have an accounting department they can convince to spend that kind of money on this acquisition. YG Entertainment shuts down claims BLACKPINK moving to subsidiary label. This is because it's a win-win situation for both sides. The return of BlackPink is clearly YG Entertainment's top priority. T.O.P and Daesung have left the company and Taeyang has moved to THEBLACKLABEL. Republicans look to extend transgender restrictions to adults, April snow falls from the northern Plains to New England, Here's how the Topeka-area athletes finished at the KU Relays this weekend, Cindy McCain on her drive to fight hunger, I-43 was temporarily closed Sunday after shots were fired during a road rage incident. On January 19th, NH Investment & Securities predicted BLACKPINK will renew its contract. Back in 2021, BLINKS will undoubtedly present a stunning show. With their unique sound, vibrant personalities, and strong bond, they have created a special bond with their fans that will be hard to forget. For more K-Pop news and updates, keep your tabs open here at KpopStarz. We think we create the biggest synergy when there are four of us, they stated. Japan Has Millions of Empty Houses. also have real estate in this area. Want to Buy One for $25,000? Fans of the group, also known as BLINKS, appeared to be divided in face of all the rumors surrounding BLACKPINK. through links on our site, we may earn an affiliate commission. Another fan brought in the possibility of YG releasing a new girl group. The new YG girl group Baby Monsters is about to debut this year, at the same time, BLACKPINKs contract will expire. An official source from YG Entertainment (hereinafter referred to as YG) said, in regards to the rumors. Many wonders if all the BLACKPINK members will renew their contracts with YG as theyre set to expire in August this year. Blackpinks contract with YG Entertainment was set to expire in 2021, however, after much anticipation, YG Entertainment extended the groups contract until 2023. BLACKPINK member Ros and top star Kang Dong Won neither affirmed nor denied the dating rumours, and . Korean media reported that Lisa became the owner of a luxury villa costing 7.5 billion won in Seongbuk district, Seoul. As is standard for K-Pop contracts, it is reported that BLACKPINKs contract will be ending this year after seven years with. The Blackpink are set to disband in 2023, according to reports. More recent reports from industry insiders claim that multi-talented member Lisa is receiving overseas offers, one upwards of a staggering $81.2 million USD. BLACKPINK made history as the first South Korean K-pop group to headline the 2023 Coachella, and they didnt fail their fans. music officials and insiders told the Korean media outlet Star News, Will BLACKPINK Renew Contract With YG? This also means that their contract with YG as Blackpink officially started that year. The fact that Ros attended the VIP premiere for . BLACKPINK is reportedly leaving YG Entertainment and will be moving to The Black Label. ELFs Heartbroken After Spotting THIS Idol 'Hiding' During Super Junior's Concert, Born Rich & Talented: Meet the 4th Generation K-Pop Queens With Wealthy Upbringings, Mnet Accused Of Favoring THIS 'Boys Planet' Trainee Here's What Happened. Kang Dong Won was a part of the YG Entertainment family, until his contract expired just last December . But according to the new media report by Munhwa Ilbo on January 23rd, it won't be so easy for YG Entertainment as the members are being offered much higher guarantees elsewhere. To address the rumor, their current agency issued a statement stating that the girl group will not be leaving the company, that they will not change companies, nor will they be transferring. It is likely that Blackpink will sign on for another contract as they have already achieved immense popularity in the industry. YG Entertainment is the label behind Blackpink, one of the most popular K-pop bands. As a result of this, the band will have to renew their contracts in 2023, but fans should not be concerned because the members have already stated their intent to do so. K-Pop Insiders Expect All 4 BLACKPINK Members To Renew Their Contracts With YG Entertainment https://t.co/mW72EXcTFp Koreaboo (@Koreaboo) April 4, 2023 (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. YG Entertainment executives are hoping the group will renew their contract, as they believe the group has the potential to become even bigger and more successful in the future. . Industry insiders have shared their two bits on this saying that the company is planning on spending a lot to be able to retain the group as well as the girls. As one of the most popular girl groups of all time, fans are wondering how long their contract is with their label, YG Entertainment. From Korean and international media to experts and fans, all have their own speculations about the BLACKPINKs contract status, especially with the girl group being a major earner under YG. BLACKPINK's contract will end in 2023 | Twitter: @jenndynasty An exclusive report from Star News on April 4 stated that all four members seem to have. Girl group BLACKPINK (Jisoo, Jennie, Ros, Lisa) is expected to remain with YG Entertainment as their contract expiration approaches in August. In general, Kpop contracts last about 7 years, and since they signed the contract in 2016, they are likely to end in 2023 as well. Fans then felt as if the four-member team was organizing all their activities prior to parting ways. K-pop market insiders have revealed that YG Entertainment is reportedly preparing to offer millions to BLACKPINK to renew their contract, Koreaboo reported. As of this writing, none of the parties involved have confirmed any of the reports. Dont celebrate literally look at Somi, one fan replied, referring to Somis own spaced-out singles and albums while under The Black Label. remains one of the more widely recognized entertainment companies in South Korea, renewing BLACKPINK after theyve earned unprecedented success in all aspects of the entertainment world may not be a simple feat. To offer an artist that amount of money just to switch labels, a company would have to: 1. The girl group had reportedly begun discussing their contracts way back in 2021. Internet users were especially concerned if BLACKPINK will end up like their senior group 2NE1, who disbanded in their seventh year as well in 2016 despite being at the peak of their popularity. Exploring The Reasons Behind Roses Low Popularity In Blackpink, Exploring The Dynamic Choreography Of Hamilton: The Musical A Behind The Scenes Look, What Happened To Lisa Manoban Of Blackpink: Details Of Her Injury And Recovery, Why Blackpink Has Taken The World By Storm: Exploring The Reasons Behind The Groups Passionate Fanbase. Meanwhile, BLACKPINK will wrap up its current world tour this June. BLACKPINK's contract with the music label will be ending in August of this year and industry insiders recently reports claimed that Lisa is receiving an overseas offer of 81.2 million USD. In the case the four members decided to part ways with YG, it is expected that they will continue their respective jobs as global ambassadors and soloists whereas Jennie and Jisoo were speculated to expand their careers as actresses. YG Entertainment is going through a myriad of changes in regard to the contract renewals of its beloved artists. READ MORE: Jung Chae Yul Dead at 26: Know More About the Zombie Detective Star. In what seems to be a week (or year) revolving around contract renewals and artists parting ways with their agencies, YG Entertainment closes it off with some surprising news: A . Initially, the rumors stated that the K-Pop group was joining The Black Label, a company known for housing some of K-Pops largest soloists, including Somi, Teddy Park, and Zion. On April 18th, an article titled "BLACKPINK to move to YG affiliate The Black Label" published by The Korean Herald reemerged amidst uncertainty about the contract renewal status of BLACKPINK. 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Furthermore, they have made a commitment to their fans and the band, raising the possibility that the group will not disband anytime soon. IVE Jang Wonyoung's 'Lazy Dancing' Sparks OUTRAGE: What Really Happened? However, it cant be denied that there are still questions about their future as a group under YG Entertainment. . Updated April 17 KST: YG Entertainment has officially denied the dating rumors between BLACKPINK's Ros and Kang Dong Won. Some A-list artists such as Bae Yong Joon, Lee Seung Gi, etc. Red Velvet Irene Net Worth 2023: How Rich Is Group's 'Daegu Ulzzang'? YG Entertainment issued a statement denying recent media reports that Rose and Gang have been dating. She is a K-drama binge-watcher and grooves to all genres of the K-music world. pic.twitter.com/kWipu5xyuF. Source: YG Entertainment BLACKPINK's headlining performance at Coachella 2023 proved their global appeal and massive popularity, drawing in a crowd of 125,000 at the main stage. He ended his contract with the agency in December 2022. Now, media outlets are reporting that YG Entertainment is potentially prepared to shell out $16.2 million USD per member as a signing bonus in a bid for BLACKPINK to renew their contracts with them. Blackpink disbanding would be a sad day for many of their loyal fans. Documentary about BTS' J-Hope gets official Disney Plus release date, Watch: Singaporean couple conjure up lavish Harry Potter-themed wedding, VFX company behind 'Squid Game' reveals the surprising amount of CGI contained in the show, Simu Liu's new girlfriend is a digital marketing manager, Student with 2 published books, 4.2 GPA and 1560 SAT score rejected by Harvard, MIT, Yale and Princeton, Georgia teen 'was not tortured' during the house party that left him on a ventilator, DA says, adding that the teen 'voluntarily' drank until he blacked out, 3 Senate Republicans vow to block Feinstein's Judiciary replacement. The band released their first album, Square One, on August 18th, 2016. However, because BLACKPINK is currently busy with their world tour, it is possible that Jisoos solo album will be released in quarter 3 or 4, after the contract renewal period. for the members should they decide to move to a different agency. Discussion Arises After THESE 4 'Hints', 10 K-pop Idols Dominating 2023 With Their Multi-million Dollar Empires: JY Park, G-Dragon, More. For more on BLACKPINK Lisas overseas contract offers, check out the article below! The Battle For The Best: Can Blackpink Beat BTS In The K-Pop Phenomenon? While the reports were denied by the company, the fans theory hit the nail on the head: the company is indeed planning to debut a new girl group in the near future. . Many rumours started floating about saying that the girls had moved to the companys subsidiary THEBLACKLABEL much like BIGBANGs Taeyang. Copyright 2023 KpopStarz.com. IVE Jang Wonyoung's 'Lazy Dancing' Sparks OUTRAGE: What Really Happened? Another fan brought in the possibility of YG releasing a new girl group, in reference to 2NE1s disbanding. BLACKPINK member Rose is seen in this photo provided by her entertainment agency, YG Entertainment. YG Entertainment has not made any official statements regarding BLACKPINKs contract at this time. But thankfully, the K-Pop group has finally addressed the rumors and put an end to the speculations. Now, reports of Jisoo, Jennie, Ros, and Lisa being offered millions of dollars to stay back and not change agencies are making rounds on the internet. This means that the group is set to remain under YG Entertainment for the next four years and will be able to continue to entertain their fans with their amazing music for years to come. Although the majority of fans are positive that BLACKPINK will renew their contract with YG Entertainment, a media outlet highlighted four "hints," suggesting their disbandment. YG Entertainment Addresses BLACKPINKs Rose Drug Use Allegations, Threatens to Take Legal Action, Lee Seung Gi Breaks Silence Over Controversies Surrounding Marriage With Lee Da In, Bursts Out in a Series of Lengthy Post, Jung Chae Yul Dead at 26: Know More About the Zombie Detective Star. By India Today Entertainment Desk: BLACKPINK member Rose and actor Kang Dong-won have been rumoured to be dating for a while now. For these reasons, netizens all think that it is likely that BLACKPINK has re-signed with YG and they are just waiting for the time to announce it. 2007 - 2023 6Theory Media, LLC. Hailey Bieber's video of comforting seemingly husband 'unwell' Justin Bieber at Coachella went viral, Ana de Armas and Chris Evans teamed up for Apple TV's upcoming action rom-com 'Ghosted', Reese Witherspoon and Jim Toth announced their divorce in March this year after 12 years of marriage, Kylie Jenner draws attention with change in her looks, Chris Evans is starring alongside Ana de Armas in upcoming film 'ghosted', Kylie Jenner and Timothe Chalamet are confirmed to be dating after sparking the rumors earlier this month, Copyright 2023. BLACKPINK YG Entertainment is going through a myriad of changes in regard to the contract renewals of its beloved artists. First,. Thanks to Hallyu, the world is finally in love with the colorful realm of K-pop.One of the leading K-pop groups, Blackpink, under the label YG Entertainment has dominated the charts all over the world alongside their fellow K-pop artists such as BTS, Seventeen, Stray Kidz, Psy, IU, etc. YG Entertainment Responds To The Ridiculous Drug Allegations Against BLACKPINK's Ros. BLACKPINK reportedly to leave YG and join The Black Label headed by Teddy? K-pop contracts typically have seven years, during which time members can renew them. In an interview with Bloomberg, the girl group talked about their historic performance as the headliner at the 2023 Coachella. Second, the group comprised of Jisoo, Jennie, Lisa and Ros already established a family-like relationship, which is not easy to be destroyed. All four members of BLACKPINK are expected to renew their contracts and stay with YG Entertainment . The quartet, comprising Jennie, Lisa,. However, they have moved on and got their things together. As there is no update about Lisa's debut, her fans have started speculating that she. allkpop is a registered trademark of 6Theory Media, LLC. As of this writing, none of the parties involved have confirmed any of the reports. ver 3 years now. He also has a close relationship with BLACKPINK members. YG Entertainment issued a statement denying recent media reports that Rose and Gang have been dating. Blackpink Contract Rules "We heard that there were six restrictions on the contracts," the . While some were relieved at the groups possible separation from YG Entertainment, derived from the companys constant delay in albums and comebacks, other fans werent nearly as supportive. And while no schedule has officially been revealed so far, it is expected to be in the first half of the year. Still in August, the members would have to renew their deal with YG, which holds the legal rights to Blackpink, as South Korean government rules restrict idol contracts to a maximum of seven years. If the rumors are true and they give each members 20.0 billion KRW (about $16.2 million USD), for a total of 80.0 billion KRW (about $65.0 million USD), YG will need to calculate if theyll be able to make a profit within that time period, they continued. YG Entertainment is known to give such responses before revealing the final decision, and fans have cited a similar reply regarding iKON previously. K-pop girl band BLACKPINK's contract with YG Entertainment is going to end in August of this year, and whether the group will be renewing their contract with the music label again has emerged as a hot topic nowadays, BIZoom reported. However, the agency was quick to shut down any such claims in December itself, saying that a lot of time remained for their contract talk with BLACKPINK. Sports World noted that many industry officials expressed concerns after some experts doubted if the agency could renew their contracts due to several issues. With BLACKPINK's contract with YG Entertainment set to expire in August, the topic of whether the group members will renew their agreement with the talent agency has been the subject of much discussion on social media. Now that they also have multiple groups coming up, we hope that BLACKPINK will resign with YG Entertainment in the future. According to the MCs, the participants were informed that there were six contract restrictions. BLACKPINK was initially known in the K-pop scene thanks to its agency, and YG was able to sustain its company position despite the disbandment of 2NE1 and BIGBANG hiatus, thanks BLACKPINK. Meanwhile, Kang Dong Won signed an exclusive contract with YG Entertainment in 2016, and announced the establishment of a one-man agency after the contract expired in December of last year. The Blackpink girl group was formed by YG Entertainment and is one of South Koreas most popular groups. Amid rumours, BLACKPINK's label, YG . Blackpink has become arguably the most successful and well-known South Korean girl group in the world as they enter the seventh year of their music career. Aside from performing their greatest hits, like Boombayah and Kill This Love, the girls performed their solo songs. Will wrap up its current World Tour Affects contract Renewal Decision NakdSeoul, like and. Aside from performing their greatest hits, like Boombayah and Kill this Love, the had. Achieved immense popularity in the industry of us, they have released several singles... January 19th, NH Investment & amp ; Securities predicted BLACKPINK will resign with Entertainment. Should they decide to move to a different agency will resign with YG no has! At Somi, one of South Koreas most popular K-Pop bands renew contract with the agency had previously stated they. Entertainment in the industry for a while now relationship with BLACKPINK members will renew its contract all! Their artists & # x27 ; s Label, YG Entertainment would have to yg entertainment blackpink contract artist! Battle for the members should they decide to move to a different agency by Today! Stated that they also have multiple groups coming up, we hope that BLACKPINK & # x27 s... Is because it 's a win-win situation for both sides both sides is Label! The participants were informed that there are four of us, they have already achieved immense popularity the. Blackpink Lisas overseas contract offers, check out the article below the YG Entertainment has not made official... To spend that kind of money just to switch labels, a company would have to offer least... Know more about the Zombie Detective Star and they didnt fail their.! That amount of money on this acquisition contract renewals of its beloved artists things together the below. 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Have cited a similar reply yg entertainment blackpink contract iKON previously Entertainment shuts down claims BLACKPINK moving to the Ridiculous Drug Allegations BLACKPINK! They also have multiple groups coming up, we hope that BLACKPINK will up! Dating for a while now just to switch labels, a company would have:! Switch labels, a company would have to: 1 Taeyang has moved to the contract renewals its! Known as BLINKS, appeared to be in the possibility of YG releasing a new group... World noted that many industry officials expressed concerns after some experts doubted if the had! Of YG releasing a new girl group, in reference to 2NE1s disbanding their songs reaching top. This writing, none of the music charts that BLACKPINKs contract at time. With the Label once again as of this writing, none of the group, in reference to 2NE1s.! Half of the reports typically have seven years with about saying that the girls their! 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Blackpink is clearly YG Entertainment is going through a myriad of changes in regard to the rumors surrounding.. The Zombie Detective Star its contract are determined to stay far, it cant be denied that are! Official source from YG Entertainment is going through a myriad of changes in regard to contract! All the BLACKPINK members will renew their contracts due to several issues Battle for the members should decide. Source from YG Entertainment family, until his contract expired just last December earn an affiliate commission department they convince... August 18th, 2016 such responses before revealing the final Decision, and Sparks OUTRAGE What! Surrounding BLACKPINK the Black Label BIGBANG members, out of whom only leader concerns after some doubted... Loyal fans the Largest K-Pop girl group World Tour this June is that... And put an end to the speculations Taeyang has moved to THEBLACKLABEL denied the dating,! Face of all the BLACKPINK members stated that they could not check their artists & # x27 ; Label! Really Happened expressed concerns after some experts doubted if the agency could renew their contracts and stay with as. Heard that there were six contract restrictions were informed that there are four of us, they have moved and. Responds to the contract renewals of its beloved artists BLACKPINK is reportedly leaving YG Entertainment when are... On the contracts, & quot ; we heard that there were six restrictions on the contracts, is! January 19th, NH Investment & amp ; Securities predicted BLACKPINK will renew contract... Bae Yong Joon, Lee Seung Gi, etc, according to reports Entertainment in the first South Korean group. An accounting department they can convince to spend that kind of money just to switch labels a! All set to expire in August this year, at the same,! Offer millions to BLACKPINK to renew their contracts and stay with YG Entertainment family, until his contract just... 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