BLACKPINK is suspected of changing management companies, iKon, Kang Dong Won leave, YG is on the verge of extinction

YG Entertainment is a major company of the Korean entertainment industry. However, this music "empire" is gradually losing potential artists. Taeyang's move to The Black Label, the future BLACKPINK can operate in a subsidiary makes fans ask many questions.

On December 30, Iplus newspaper reported that actor Kang Dong Won left YG Entertainment. On the same day, the entertainment company YG Entertainment confirmed that all members of the group iKON left after many years of working together.

The artist's consecutive announcement of parting from YG makes fans worry about the future of this leading entertainment company. A few days ago, Daesung (BIG BANG) confirmed the termination of his contract with YG, while Taeyang transferred to the subsidiary The Black Label, and G-Dragon was discussing the contract.

However, YG Entertainment's turbulence may not stop there. The reason is that the Herald newspaper reported on the morning of December 30 that BLACKPINK members could also leave the company and switch to The Black Label record label. Responding to the above information, YG said that BLACKPINK members' contracts with the company are still valid. Therefore, they cannot give an exact answer about the future of BlackPink.

YG's side responded, "We cannot confirm this information because the contract between YG and BLACKPINK has not ended. It is difficult to know if BLACKPINK will continue to sign with The Black Label after the contract expires."

YG Entertainment is a major company of the Korean entertainment industry. However, this music "empire" is gradually losing potential artists. Taeyang's move to The Black Label, the future BLACKPINK can operate in a subsidiary makes fans ask many questions.

Fans speculate that YG is having a new direction. However, many people also think that The Black Label is about to become YG's "parent company" instead of a subsidiary. Not long ago, Korean media started talking about YG Entertainment's crisis when many idols left the company (former TREASURE members Bang Ye Dam and Mashiho...) while revenue and profit plummeted, mainly depends only on the "ace" BLACKPINK.

Not only in the personnel apparatus, the economy of the once-popular Kpop empire showed signs of decline. According to the report for the first quarter of 2022, YG Entertainment recorded an operating profit of 4,750 million USD (more than 6 billion won), down 36% compared to the same period last year. The total revenue of the first quarter of 2022 of the Kpop "big man" is equivalent to 58 million 790,000 USD (nearly 1 billion won), down 22.2% compared to the same period in 2021.

By the fourth quarter of 2022, the company earned about 114.6 billion won (nearly 91 million USD), up 33% over the same period last year. However, profit reached 15.5 billion won (more than 12 million USD), down 10% over the same period.

In fact, since 2019 with the shocking scandal of Seungri - Burning Sun, Yang Hyun Suk brokered "prostitute prostitutes" for investors, BI was involved in the suspicion of using banned substances... YG Entertainment from a " giants" of the Korean entertainment industry showed a steady decline.

Page Daum commented, YG can try many ways to overcome the crisis, but it will be difficult for them to recreate the glory of the past. Looking back at 2022, it is true that YG fans were delighted with the impressive reunion of BIGBANG, the successful comeback and explosive world tour of BLACKPINK or the promising comeback after the demobilization of the members. member Winner, AKMU...

But it is also undeniable that this "empire" can hardly continue to stand when a series of key names and pillars have left in turn in the past time. Not to mention the weak management, lack of professionalism in supporting, planning promotions and activities for YG's artists, which is constantly making fans unhappy in recent years.

Currently, YG Entertainment fans seem to be in a state of anxiety when they do not know when the next unexpected news will break out and who will be the next to announce their departure. But perhaps one thing that everyone can clearly see now is that YG's massive and admirable "empire" is now hard to return to its heyday like before.

While the public has not had time to stop the excitement, recently, YG has caused people to stir when announcing a new group that will be released on January 1, 2023. This once again helps the name YG to cover the media today. The announcement of the new group in the midst of the departure of a series of artists is also considered a pretty good trick of YG when it can take advantage of the discussion from the online community.

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