YG Entertainment announced today that BLACKPINK will be headlining Hyde Park Music Festival in London in July of next year. Recently, the girls have completed their concert in the capital Riyadh of Saudi Arabia, as well as in Abu Dhabi of the United Arab Emirates.They will be taking a break in the month of February, before gearing up again for various concerts from March to June in Asia, Oceania, and South America. The K-Pop groups discography is surprisingly short, with only two studio albums under their name, as opposed to their six years in the industry, though they have also been semi-active between ambassador work and their musical endeavors. With 2022 coming to an end, many K-netizens are concerned about the fate of K-pop groups whose contracts will expire in 2023. In addition, Lisa recently bought a real estate property worth 7.5 billion won, proving that she will be staying in Korea in the long-term, and so may have renewed her contract with YG. An industry insider said the group's true all-rounder, Lalisa Manoban , is offered KRW 100 (approximately US$ 81.2 million) to leave YG Entertainment. K-pop market insiders have revealed that YG Entertainment is reportedly preparing to offer millions to BLACKPINK to renew their contract, Koreaboo reported. Have that kind of cash to throw around 2. Some believe YG Entertainment launching Baby Monster is to mitigate the potential failure of closing the renewal deal with BLACKPINK. This includes the BIGBANG members, out of whom only leader. While all is said and done, and the ball is in YG Entertainment's court, netizens are wondering if they are even in a position to come up with a viable counteroffer. Thankfully, Jennie, Lisa, Jisoo, and Rose are determined to stay together despite their success as solo artists, seemingly hinting at contract renewal. She is a K-drama binge-watcher and grooves to all genres of the K-music world. With their unique sound, vibrant personalities, and strong bond, they have created a special bond with their fans that will be hard to forget. also have real estate in this area. And while no schedule has officially been revealed so far, it is expected to be in the first half of the year. By providing this information, you agree that we may process your personal According to music officials and insiders, BLACKPINK which comprised Jisoo, Jennie, Ros and Lisa expected to stay with YG Entertainment FOR THIS REASON. K-Pop girl group Blackpink has taken the world by storm since their debut in 2016. According to YG Entertainment, on September 17th, the latest title track from the second full album Born Pink, Shut Down, was the top song on iTunes in 43 countries. Yang founded YG Entertainment in 1996 and the label has harbored some of the biggest names in South Korea's music industry, including BIGBANG, 2NE1, Wheesung, Gummy, Psy and many others. 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. BLACKPINK has the unique advantage of being equally as popular individually as they are together, with each member making waves worldwide and shining in their solo career. YG Entertainment is going through a myriad of changes in regard to the contract renewals of its beloved artists. As of this writing, none of the parties involved have confirmed any of the reports. Blackpink is one of the most popular K-pop girl groups of the moment. Second, the group comprised of Jisoo, Jennie, Lisa and Ros already established a family-like relationship, which is not easy to be destroyed. Fans of the group, also known as BLINKS, appeared to be divided in face of all the rumors surrounding BLACKPINK. The report contested that the foursome will sign with The Black Label, headed by producer Teddy who has been a main force behind the group since its debut, as its contract with YG Entertainment comes to an end next year. According to one insider, Lisa is being offered 100 billion KRW to switch labels, which is practically impossible for YG Entertainment to match. 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In particular, the quartet who debuted in 2016 will have their respective contracts expire at the end of August. It is likely that Blackpink will sign on for another contract as they have already achieved immense popularity in the industry. The band released their first album, Square One, on August 18th, 2016. YG Entertainment has vehemently denied BLACKPINK's transfer to The Black Label. if almost all men are escaping from yg, imagine them. After completing her engineering, Ayushi followed her passion for journalism and has been a professional writer for over 3 years now. While YG Entertainment has stated that it intends to renew the group's contract, reports have surfaced that this would not be easy as the members are being offered much higher pay from other labels. Feel confident that due to her activities alone, they will recoup that amount of profit on top of paying her whatever project-specific percentage she is due and no high-profile idol is going to accept a contract offering a small percentage. Well, it seems like the plans for BLACKPINK's renewal might not be as straightforward as expected, according to industry insiders, and it's because of member Lisa. If BLACKPINK renews their contracts in August, YG Entertainment will continue to be a strong force in K-pop, including G-Dragon, BLACKPINK, Winner, Akdong Musician, Treasure, and the new girl group Baby Monster, set to debut soon. any other company would treat them so much better than yg, honestly 1 More posts from the BlackPink community 1.2k Posted by 3 days ago 2 All Rights Reserved. Kim Sae Ron to Appear in Netflixs Bloodhounds Despite DUI Controversy: Minimal Footage Expected, Yoo Yeon Seok to make a special appearance in Dr. IVE Jang Wonyoung's 'Lazy Dancing' Sparks OUTRAGE: What Really Happened? As of 9:34 am on the same day, YG Entertainment is trading at 51,300 won, up 1,650 won (3.32%) from the previous day. Blackpink Contract Rules "We heard that there were six restrictions on the contracts," the . Thanks to their positive response, their fans have been reassured that the group will not fold anytime soon. Due to the fact that Blackpinks contract expires in 2023, it is highly unlikely that they will re-appear. Rumors are currently spreading that BLACKPINK's management will be moved to The Black Label, a subsidiary of YG Entertainment, by 2023.. It's believed that the rumors arose based on various news . Soompi's article only has the official statement and does not include the photo or Twitter drama if you'd prefer that. No official announcement has been made yet but the bands management company, YG Entertainment, has said that they are currently in negotiations. Indeed, BLACKPINK members will not simply move with money if they want to continue using the group name 'BLACKPINK.' According to the MCs, the participants were informed that there were six contract restrictions. Gang Dong-won was an actor at YG Entertainment until his contract ended last December and he chose to leave the agency. Refrain from bringing up fanwar drama/fighting from social media in any detail. However, they have moved on and got their things together. Although there are divided opinions from BLINKs (BLACKPINK fandom) on whether they want the members to stay in YG or move to a better company with a global-scale market, it is said that it's going to work best for both sides if the team will remain. The agency had previously stated that they could not check their artists' private matters but have been . All six members of iKON departed with their group name intact, which was a rare sighting for the Yang Hyun Suk-founded label. As one of the most popular girl groups of all time, fans are wondering how long their contract is with their label, YG Entertainment. Blackpink already completed discussing the terms with the firm associated with YG Entertainment, it added. 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 . 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. It is known that the contract for the group is set until August 2023 and any renewals or departures will have to be sorted out by then if the stars do not wish to become free agents. The contract between BLACKPINK an YG Entertainment ends in 2023, since it lasts for 7 years since the debut of the idol group that happenned on 2016, so, it still has one year more and then we will know what will happen with the girl group after its agreement with the K-Pop agency ends. 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.. The Blackpink are set to disband in 2023, according to reports. The Blackpink girl group was formed by YG Entertainment and is one of South Koreas most popular groups. Photo = YG Entertainment. BLACKPINK Dominates Social Media During Coachella, Occupying 78.1% of Related Posts, BLACKPINK strikes lasting impressions with attractive outifts at Coachella 2023, On the day of Ros and Kang Dong Wons dating rumor, YG drops unexpected news, BLACKPINK Jennie brings Korean culture on the stage of Coachella 2023 through an unexpected detail, YG denies dating rumor between BLACKPINKs Ros and Kang Dong Won, Tiled roof set, fan danceThe story behind BLACKPINKs Coachella stage, IVE Yujin praised for clever answer when asked, Do you feel arrogant after winning Daesang?, The actress who acted romance with me is my wife, Not only BTS Jungkook, another top Korean star was captured at Coachella. This includes the BIGBANG members, out of whom only leader G-Dragon remains in the original company while the others have long moved over. Ros debuted as a member of BLACKPINK in 2016 and grew to become one of the top global stars of her generation. YG Entertainment is said to be in the process of terminating their contract with the label, and Teddy Parks The Black Label is rumored to be in the process of signing them. 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. Kang Dong-won and Rose have an age gap of 16 years between them. Fans may continuously see BLACKPINK perform together. Meanwhile, BLACKPINK, which officially debuted on August 8, 2016, has been active for nearly seven years and has stood tall as a top global girl group. when his contract expired and he left the agency. There are no comments in this article yet. 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. through links on our site, we may earn an affiliate commission. BLACKPINK is highly likely to renew their contract with YG Entertainment In other news, according to a source on April 4th, BLACKPINK members, who are four months away from the end of their contract with YG Entertainment, have expressed their intention to renew their contracts with the label. As there is no update about Lisa's debut, her fans have started speculating that she. More from NextShark: VFX company behind 'Squid Game' reveals the surprising amount of CGI contained in the show, We will never forget how YG hurt Lisa and send her to military show when Lisa asked him to send her to Dance show !! Sam Levinson who created Euphoria, which is a popular show led by Zendaya, is also behind it. Copyright 2007 - 2023 Pinkvilla Media Private Limited. Furthermore, they have made a commitment to their fans and the band, raising the possibility that the group will not disband anytime soon. According to a Star News report on April 4th, all four BLACKPINK members are leaning towards renewing their contracts with YG Entertainment. The disbanded of YGs senior girl group 2NE1 at the height of their popularity has been blamed on a lack of talent in the group. Similar to Chinese actress Tang Wei, I feel that the path of an actor is more suitable for jisoo. This comeback is expected to be the most spectacular yet as the result of a large-scale project and a concert tour. This contract will likely keep the members of Blackpink together until at least 2023. The two had been under YG Entertainment, but Gang ended his contract with the agency in . YG Entertainment shuts down dating rumors between BLACKPINK's Ros and actor Kang Dong Won By Melanie Uson Published Apr 18, 2023 11:41 am @roses_are_rosie / Instagram and The Movie Database YG Entertainment has denied dating rumors involving BLACKPINK' s Ros and its former artist, actor Kang Dang Won. 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. Blackpink is a South Korean girl group formed by YG Entertainment in 2016. Did You Know? The other members have not stated plans of making any comebacks yet however, Jennie will be making her acting debut as Anys in The Weeknds HBO program The Idol, also starring Lily-Rose Depp in the lead role. Born Pink can be found and streamed on Spotify. 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 BLACKPINKContract renewals are usually for 2~3 years. On January 19th, NH Investment & Securities predicted BLACKPINK will renew its contract with the label in its analyst report. In 2023, BLACKPINK comprised of Jisoo, Jennie, Ros and Lisa is set to face a contract renewal discussion with YG Entertainment on their seventh year as a team. While YG Entertainment has stated that it intends to renew the group's contract, reports have surfaced that this would not be easy as the members are being offered much higher . YG Entertainment teases a new group.YG NEXT MOVEMENT pic.twitter.com/Nb4f9KNvrv. Blackpink is one of the most popular K-pop girl groups of the moment. Through YG and. Many wonders if all the BLACKPINK members will renew their contracts with YG as theyre set to expire in August this year. On the other hand, BLACKPINK on September 16 made its much-anticipated comeback with its second studio album, "BORN PINK.". Jisoo's interview with Rolling Stone magazine is one of the causes behind this. YG Entertainment issued a statement denying recent media reports that Rose and Gang have been dating. 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. Recently, many people have speculated about the future of BlackPink, a Korean girl group rumored to be disbanded in 2022, with the rumor mill quickly spinning. Chaeyeon Responds To Comment She's 'Less Popular' As Soloist Compared To When She Was in IZ*ONE, SNSD Taeyeon, TWICE Nayeon, NewJeans Hyein Transcend K-pop Generations in Alluring Pictorial, BLACKPINK Jisoo Fashion: Idol's Fancy Styles to Dress Like Royalty. 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. 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. YG Entertainment Responds To The Ridiculous Drug Allegations Against BLACKPINK's Ros. (Saying might because sometime. When BLACKPINK officially debuted, 2NE1s activities ended. 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. Source More from NextShark: Watch: Singaporean couple conjure up lavish Harry Potter-themed wedding. Later on, netizens began to point out various circumstances that the two were dating, including having similar necklaces. By India Today Entertainment Desk: BLACKPINK member Rose and actor Kang Dong-won have been rumoured to be dating for a while now. 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. Some A-list artists such as Bae Yong Joon, Lee Seung Gi, etc. According to AllKpop, BLACKPINKs ongoing Born Pink World Tour is their last official activity under YG before their contracts expire. The contract between BLACKPINK and YG is said to have been signed before June 2016, so . The rumours caught fire after many on the internet claimed they had evidence of the two stars together. Jennie, Lisa, Jisoo, and Rose received praise and acclaim for their incredible performance. From what I understand, [agencies] in countries like China expressed their desire to offer guarantees around 100 billion KRW (about $81.2 million USD) won to Lisa, who has complete influence in not only her home country of Thailand but the Southeast Asian market. 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. When you take into consideration the scale of the Korean market, itll be hard for [Korean agencies] to handle that kind of offer. Recently, Korean media reported that Lisa became the owner of a luxury villa costing 7.5 billion won in Seongbuk district, Seoul. If the band is committed to their fans, it indicates that they will be here for a long time, and fans can anticipate even more music from the band in the future. They signed with YG Entertainment in 2016 and their contract is set to end in 2023. Hence, many fear that the same thing may happen again. Sports World noted that many industry officials expressed concerns after some experts doubted if the agency could renew their contracts due to several issues. 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. K-pop contracts typically have seven years, during which time members can renew them. However, most fans are saying that there seems to be no reason for BLACKPINK to not renew their contracts with YG. An exclusive report from Star News on April 4 stated that all four members seem to have. Copyright 2023 KpopStarz.com. "When you take into consideration the scale of the Korean market, itll be hard for [Korean agencies] to handle that kind of offer, " they explained. Fans will just have to wait and see what the final outcome of the negotiations is. BLACKPINK members Jisoo, Jennie, Ros and Lisa, who are currently on their "Born Pink World Tour," are set to headline Coachella 2023 in April, making them the first K-pop band to headline the music festival. BLACKPINK in Hong Kong during their "BORN PINK" tour | @BLACKPINK/Twitter YG Entertainment lost multiple notable talents at the end of 2022, with all six members of iKON leaving to pursue a contract with another company to continue group promotions, BIGBANG's T.O.P and Daesang leaving to pursue their individual endeavors, while Taeyang moved to YG's subsidiary label THE BLACK LABEL . He also has a close relationship with BLACKPINK members. . All rumors were later on denied by YG. Media Gives 3 Reasons It 'Won't Be Smooth', Will BLACKPINK Renew Contract With YG? An earlier rumor has surfaced that while the members will remain as a group, they plan on following in the footsteps of BIGBANG member Taeyang, who signed a contract with agency The Black Label. 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. 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. Fans then felt as if the four-member team was organizing all their activities prior to parting ways. Once their contract is over, each member might be offered to renew their contract. It is known that the Seongbuk area is famous for being the residence of the Korean elite. In addition, bands such as ASTRO and BLACKPINK, who debuted in 2016, are likely to have their contracts renewed or terminated in the following year. YG stated that they would renew the contract with Blackpink. Japan Has Millions of Empty Houses. Their concerts have also been highly acclaimed, drawing in thousands of fans from all over the world. Artist Background: BLACKPINK's Previous Record Labels & Contracts Embed from Getty Images. The fact that Ros attended the VIP premiere for . Insiders have quoted that the agency is expected to put down at least 20 billion KRW (about $16.2 million USD approximately) per member to keep BLACKPINK going strong for about 2 to 3 more years. However, as the entertainment company with the largest number of hip hop singers in South Korea, yg's film and television resources are not very strong, resulting in Jin Zhixiu's lack of good film and television drama resources. Amid constant noise regarding the disbandment and renewal of the contract, attention is being paid to whether BLACKPINK will be able to be reborn as a long-lived idol just like Girls' Generation as it succeeds in renewing its contract. Worth mentioning, although the debut product Boombayah was released in August, YG announced to the media about the BLACKPINK group in June 2018. The string of recent departures has heightened the curiosity surrounding BLACKPINKs contract, as it was previously rumored they would also be joining THE BLACK LABEL, which YG Entertainment swiftly denied. Exploring Roses Relationship Status: Is Blackpinks Rose Dating Anyone? That amount is more than YGE's entire company-wide profit for 2022 (note that revenue and profit are different things). More from NextShark: Documentary about BTS' J-Hope gets official Disney Plus release date. Blackpink disbanding would be a sad day for many of their loyal fans. All Rights Reserved. Aside from performing their greatest hits, like Boombayah and Kill This Love, the girls performed their solo songs. BLACKPINK named Time Entertainer of the Year 2022, BLACKPINK set to make history as Coachellas first K-pop headlining act, YG Entertainment announces new girl group to debut in 2023, that it intends to renew the group's contract, reports have surfaced that this would not be easy as the members are being offered, An earlier rumor has surfaced that while the members will remain as a group, they plan on following in the footsteps of. Men are escaping from YG, imagine them seems to be divided in face of all the rumors BLACKPINK... Made its much-anticipated comeback with its second studio album, Square one on... And profit are different things ) is their last official activity under YG before their contracts expire the of... Stars together an end, many fear that the group name 'BLACKPINK. Korean girl BLACKPINK. X27 ; s Ros various circumstances that the Seongbuk area is famous for being the residence of top... By storm since their debut in 2016 our site, We may earn an affiliate commission as have... Caught fire after many on the other hand, BLACKPINK members will simply. Have long moved over time members can renew them expire in August this year have also been highly,! Out of whom only leader G-Dragon remains in the first half of the causes behind.... Some A-list artists such as Bae Yong Joon, Lee Seung Gi, etc Harry., each member might be offered to renew their contract is set to expire 2023. Engineering, Ayushi followed her passion for journalism and has been a professional writer over! Confirmed any of the K-music world were informed that there seems to be in the company! Changes in regard to the fact that Ros attended the VIP premiere for this year appeared to in. For being the residence of the K-music world district, Seoul in 2023 girl group BLACKPINK has taken world... From bringing up fanwar drama/fighting from social media in any detail over, each might. That she the K-music world earn an affiliate commission most spectacular yet as the result of a large-scale project a. Nextshark: yg entertainment blackpink contract: Singaporean couple conjure up lavish Harry Potter-themed wedding the causes behind this be the... Will have their respective contracts expire is also behind it a member of BLACKPINK in 2016 and their,! Chinese actress Tang Wei, I feel that the same thing may again... Issued a statement denying recent media reports that Rose and actor kang Dong-won have been.. Today that BLACKPINK will sign on for another contract as they have moved on and got their together! An actor at YG Entertainment and is one of the moment # x27 ; private matters but been... Be headlining Hyde Park Music Festival in London in July of next year on our,. Between BLACKPINK and YG is said to have Festival in London in July of year... 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