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Friday, May 3, 2024

The Blackpink and YG Entertainment Contract Negotiations, Explained

The months-long Blackpink contract negotiations have been quite the saga, but things hit a fever pitch when the global stars started shifting South Korea’s entire economy. On September 21st, it was reported that shares of YG Entertainment (the record label that represents the group) have fallen over 13% amid ongoing negotiations with the four global stars. Per Korean media, the tumbling stock was largely due to reports that three of the four members will not sign new contracts with the label.

Sports Seoul reported that “multiple music industry officials” have said that, while Rosé will renew her contract with YG, Jisoo, Jennie, and Lisa will consider offers from other labels specifically for their solo career. The members of BTS recently renewed their contracts with YG competitor HYBE, so needless to say, the end of the Blackpink era would be quite the shock for the…

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