BLACKPINK renew contracts with K-Pop organization YG Leisure

K-Pop woman team BLACKPINK have renewed their contracts with YG Leisure, quashing speculation that they would indicator with one more company.

“All four associates of our company’s artist BLACKPINK have signed distinctive team contracts,” YG reported in a inventory trade filing on Wednesday (December 6).

The announcement despatched YG’s shares surging 25.6% in Seoul on Wednesday, breaking a 7-day dropping streak.

“Our firm has concluded a resolution by the board of administrators concerning the signing of special team contracts for all 4 members of BLACKPINK,” YG claimed.

Neighborhood media reported that BLACKPINK, whose associates contain Jisoo (Kim Ji-soo), Lisa (Lalisa Manobal), Jennie (Kim Jennie) and Rose (Roseanne Park), system to carry on group actions these as dropping a new album and holding a large-scale world tour with backing from YG.

“We are joyful to continue on our partnership with BLACKPINK. We will do our very best to assist BLACKPINK glow even brighter in the world-wide audio market in the long run.”

Yang Hyun Suk, YG Enjoyment

“We are content to continue on our connection with BLACKPINK. We will do our best to assistance BLACKPINK shine even brighter in the world wide music sector in the foreseeable future,” YG founder Yang Hyun Suk was quoted as stating by Yonhap News Company.

The information comes as a reduction to numerous followers, who experienced been waiting around for term on the group’s upcoming. BLACKPINK’s preceding contracts expired in August, and there had been speculation that some or all of the members may well not renew.

South Korean outlet Munhwa Ilbo reported in late November that BLACKPINK’s members would not renew their exceptional unique contracts with YG, but would carry on team actions as BLACKPINK under the label.

“There are sites that give down payments of tens of billions of gained to recruit them,” a songs industry executive was quoted by Munhwa as declaring.

Even so, the unnamed govt mentioned at the time that some of the group’s associates believed that it would be far more advantageous for them to keep on being with YG.

BLACKPINK was founded in August 2016 by YG Entertainment. The group has due to the fact reached world-wide achievement, earning several awards, which include the 2023 MTV Online video Songs Award for Team of the Year, and getting the to start with K-Pop act to headline Coachella.

They have also built a devoted fanbase with practically 20 million regular monthly listeners on Spotify, above 92 million subscribers on YouTube, and almost 58 million followers on Instagram.

BLACKPINK has also forayed into the metaverse, hosting a digital concert that captivated 15.7 million viewers on PUBG Cellular last 12 months, and not too long ago launching a digital knowledge on Roblox by way of a partnership with metaverse studio Karta.

New music Business enterprise Worldwide