YG spent more than 700 billion to retain BLACKPINK, twice as much as HYBE renewed with BTS, is it true?
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After renewing the contract with the management company, Korean media made predictions about when BLACKPINK will officially be active again. This is considered great news for the fan community of 4 female idols.
Sports Seoul has just updated the latest information after BLACKPINK re-signed. Accordingly, reporter Bae Woo Geun said that YG Entertainment's stock price has increased about 30% in just about 1 week, since the news of 4 beautiful girls renewing their contracts was announced.
Previously, Herald Economic reported that, according to NH Investment & Securities, YG has resolved their biggest problem - which is BLACKPINK's contract extension and now there are no more concerns.
According to a report on December 18, researcher Lee Hwa Jung revealed that YG's target stock price (87,000 won) has currently remained stable. "With BLACKPINK's official contract extension - the biggest uncertainty has been resolved."
Regarding the terms of BLACKPINK's new contract, the expert said: "It seems that the increase in profit distribution ratio for artists is limited and the upfront payment has been determined within the scope of what can be collected." recover capital".
Meanwhile, with the issue of unconfirmed individual contracts of the 4 female idols, researcher Lee said: "Individual contracts are expected to be flexible. In case individual activities require "BLACKPINK" name, like a solo album, there is a high possibility that the members will cooperate with YG because the company holds the trademark rights."
With this situation, Daishin Securities gave a positive assessment saying that the contract extension with Hac Huong is expected to have an impact far beyond the actual estimated increase.
"The individual exclusive contracts of the members are still being negotiated but this has been largely reflected in the stock price. Therefore, it is very likely that the announcement of contract extensions for two or more members will take place. acting as a factor influencing stock price increases.
However, from a cautious perspective, BLACKPINK will likely continue to rest. It is expected to return in order of album release and performance as early as the 4th quarter of next year. Accordingly, the increase in sales due to group contract extension is expected to begin in earnest from 2025," Bae Woo Geun said.
In short, predictions from financial experts are that although at the present time the individual contracts of BLACKPINK members are still under discussion, next year the group will have activities to return soon around 4th quarter of the year.
And if this becomes true, this will really be good news for all fans who are looking forward to the comeback of BLACKPINK in general and the 4 female idols in particular after the news of re-signing the contract with the management company.
On December 6, YG Entertainment announced that BLACKPINK had decided to extend the group contract after a thorough discussion process. After the renewal, the members are expected to continue group activities under the company's support, including the release of a new album and a large-scale world tour.
"I am happy to continue our relationship with BLACKPINK. The company will do our best to help the group shine even more brightly in the global music market," YG CEO Yang Hyun Suk added.
BLACKPINK debuted on August 8, 2016 with the title songs "Whistle" and "Boombayah". After that, the group became famous both inside and outside Korea, the four members Jisoo, Jennie, Rosé and Lisa all made names for themselves in both the music and fashion fields.
In fact, it is not an exaggeration to say that they are "dominating" the Kpop music industry. In addition, BLACKPINK also achieved notable achievements by topping the US Billboard 200 chart, the UK's Top 100 official album chart and being the first Kpop gir.l group to do this.
BLACKPINK sets a comeback date, a shocking Kpop explosion in August, fans are excited Phúc Sen11:06:32 21/07/2024Fans of Korea's top gir.l group - BlackPink are extremely excited about the news that the group will return in an activity, taking place next August. This is a rare full combination of 4 members, after the members separated into their own companies.
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