YG leaders spoke up about BLACKPINK's contract, 3 members re-signed with the newly saved company

After many days of waiting, YG finally spoke up about the contract extension issue with BLACKPINK. Financial experts in Korea affirmed that if the group does not re-sign, the company will be negatively affected.

Currently, rumors surrounding the contract negotiations of 4 beautiful female idols with the management company are still the focus of attention of the Kpop fan community. The evidence is that the public is continuing to stir up discussion about the possibility of BLACKPINK not renewing the contract and the impact of this decision on YG in particular and the Kpop entertainment industry in general.

Korean media recently updated information about YG Entertainment's stock price situation amid the noise. Accordingly, this company's stock price is plummeting day by day as rumors about the possibility of BLACKPINK not renewing the contract are increasing.

Not to mention, even though G-Dragon is no longer an artist under the company, after being investigated for using banned substances, YG's stock price has literally plummeted. In about half a year, the company's market capitalization evaporated by more than 800 billion won.

The explanation for YG's stock price plummeting is because whether BLACKPINK's future will stay with the company or not is still uncertain. In this situation, if the company cannot renew the contracts with the 4 female idols, next year's performance is expected to decrease significantly.

Mr. Ji In-hae - Researcher at Shinhan Investment & Securities, said: "The only entertainment company whose current performance is not positive is YG Entertainment. What has the biggest impact on corporate value is its actions." BLACKPINK's performance. If the contract is not renewed, it will have a very significant negative impact on next year's performance."

Regarding this issue, a YG Entertainment official suddenly spoke up: "We will officially announce our opinion on whether to extend the contract with BLACKPINK or not? However, it has not been confirmed yet." Will we issue an official statement before releasing the quarterly report?"

With this leader's sharing, all attention is focused on YG Entertainment's third quarter report. Because the company always discloses artists with exclusive contracts in the main contract section of its activity report and it is expected that this will include whether the contract with BLACKPINK will be renewed or not. In the 2023 half-year report, the group topped the list of major contracts.

YG Entertainment has adopted the model of sending periodic reports on the same day as the submission deadline and announcing interim performance 3 or 4 days before. If this happens again, the company will most likely release interim results around November 10 and release its quarterly report on November 14.

In fact, in 2022, YG Entertainment announced interim results on November 10 and announced its quarterly report on the 14th of the same month. Thus, in only about 2 weeks, fans will know whether the 4 girls will leave or stay with the management company for 7 years.

Many people predict that if the 3 members renew their contracts, BLACKPINK's revenue will remain at 70 - 80%. However, if fewer members re-sign, revenue may drop below 50% and this is an alarming signal for YG.

Typically, rumors related to the group not continuing to operate under them have caused YG stock prices to drop more than 10%. This shows that BLACKPINK is really the factor that keeps investors continuing to stick with YG. Even if the group does not disband, just one member not renewing their contract will affect the company's reputation and finances.

Previously, Lisa's close friend - a foreign member of Hac Huong, mentioned the issue of the female idol's contract with YG, attracting great attention from the public. Specifically, Thai actress Diana Flipo said in the interview: "Actually, no one knows this clearly. Give her some time and we will all know when the right time comes. I I've never asked Lisa about this, we don't talk about work when we meet."

Diana also affirmed that she would not reveal any information without the consent of singer Lalisa. The actress is also one of four friends who along with the youngest member BLACKPINK had a shopping, traveling, and experiential trip in Ho Chi Minh City. She knew Lisa through her childhood vocal teacher.

The actress from the land of the golden pagoda and the female idol born in 1997 have been friends for about 7 years and are always present and support each other in many important events. With Diana Flipo's above sharing, fans appreciate the friendship of the famous star couple even more as they always respect their personal work and are only together to confide in the beautiful memories in life.

BLACKPINK defeated BTS easily and continued to receive unexpected good news from an organization Nguyễn Tuyết15:56:35 29/10/2023After losing many times to BTS on the charts, BLACKPINK has now regained its form and proven its appeal and influence across platforms far better than its peers.