YG Leisure is struggling amid Blackpink’s contract renewal re-negotiations as three members have declined to resume their contracts in favor of pursuing solo careers.
As Hybe thrives after securing contract renewals for all seven members of Okay-pop sensation BTS, the waters are murky for rival company YG Leisure as three out of the 4 members of lady group Blackpink reportedly declined to signal new contracts with the label — resulting in a 13.28% lower in shares. The corporate’s inventory closed at its lowest stage in 5 months at $51.68 (69,200 South Korean gained) per share.
South Korean information retailers citing “a number of music business officers” report that Blackpink’s members Jennie, Jisoo, and Lisa will signal contracts with different labels to pursue solo careers, whereas Rosé will renew her contract with YG. The three members as-yet to resume their contracts with YG “are in last-minute discussions with a ‘separate-yet-together’ technique,” the place they’ll signal with different labels as solo artists, however spend six months out of the 12 months as members of Blackpink.
That information comes on the heels of studies that the group’s breakout member, Thailand-born Lisa, rejected two contract renewal affords from YG final week, reportedly price $37.6 million (50 billion South Korean gained). Rumors had circulated for months that she would possibly break free from the group to pursue a solo profession.
Blackpink completed their Born Pink World Tour on September 17 in Seoul, concluding the most important world tour by a Okay-pop lady group. YG studies the tour attracted 2.11 million individuals worldwide throughout 66 performances in 34 cities. The group additionally not too long ago made historical past by being the primary Okay-pop group (and first Asian act total) to headline Coachella within the US and the primary Okay-pop group to headline the BST Hyde Park Competition within the UK.
The group can also be the primary feminine ensemble to prime the Billboard 200 chart; they maintain the Guinness World Document for most-viewed music channel on YouTube for a bunch.