BLACKPINK's fate has been decided: YG leaks "confidential" information - will they continue to re-sign?

An TưAug 19, 2023 at 07:32

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Recently, YG Entertainment made an official announcement — regarding the final concert night — to close BLACKPINK's BORN PINK world tour in Seoul, South Korea.

The representative of this company also announced how to register - banner support, cake ,... for the BLINK community (BLACKPINK fandom). Specifically, for individuals or fan groups who want to bring cakes or banners into the concert, it is necessary to register in advance with the management company. Once confirmed and agreed, these projects will be supported by YG staff — dedicated to BLACKPINK's girls.

BLACKPINKs fate has been decided: YG leaks confidential information - will they continue to re-sign? - Photo 1

Notably, at the conclusion of the latest announcement, YG Entertainment wrote, "In the future, I hope you will pay a lot of attention and support to BLACKPINK." This sharing led many fans to believe that YG is tacitly confirming that they have re-signed 4 girls, as well as denying any suspicion that, after the show in Seoul, BLACKPINK will stop working.

Earlier, YG Entertainment posted an operating profit for Q2 of this year of 28.9 billion won, up 209.3 percent from the same period last year. This was also 28.2 percent higher than the initial market forecast of 22.5 billion won.

According to a researcher at Hana Securities, YG achieved this level of profit thanks to BLACKPINK's contribution to album sales. Because of this, securities researchers also said that the fact that 4 BLACKPINK members re-signed the contract is very high. As can be seen, the re-signing greatly affects the company's business prospects and future investment decisions.

BLACKPINKs fate has been decided: YG leaks confidential information - will they continue to re-sign? - Photo 2

According to Korean media, BlackPink is discussing renewing their contract with YG Entertainment. The deposit amount for 4 talented girls to re-sign, is also the topic of discussion on social networking forums.

Many information spread that each BlackPink member can receive a deposit of up to tens of billions of VND to renew their contract with the company. International Business Times quoted researcher Cha Yoo Mi as saying: "Considering that Big Bang's amount is more than 18 billion VND/person and Twice's is nearly 22 billion VND/person, the deposit for each BlackPink member will be about 18-27 billion.

Re-signing with the group is not easy, because currently BlackPink is one of the top g.irl groups in K-pop, conquering the global market with hit songs."

BLACKPINKs fate has been decided: YG leaks confidential information - will they continue to re-sign? - Photo 3

This caused the Korean audience to stir. The majority of netizens believe that the company should increase the deposit and add additional benefits to reach a deal. Others think YG should still focus on B.aby Monster in case the worst could happen.

" Shouldn't YG beg them to extend? Their profits depend on BlackPink," "Isn't 1.5 billion won (about 27 billion) too low? The stakes are lower than I thought", "In my opinion, YG really needs to pay them more to keep them", "YG is basically BlackPink at this point, they should hope B.aby Monster will be popular if BlackPink leaves".

"I think their payout rate in the future is more important than the initial contract payment amount," "I don't think members will suddenly lose popularity if they go their separate ways, so I think they should find somewhere that gives them more benefits," were some of the netizens' comments.

BLACKPINKs fate has been decided: YG leaks confidential information - will they continue to re-sign? - Photo 4

In response to the above information, YG had to speak out about the contract extension agreement with 4 beautiful girls: "There may be changes as soon as the deal is made, but the World Tour has been scheduled, so the current contract can remain until the end of August 2023. The timing of the contract renewal announcement could be after September 9."

Currently, the four members as well as YG representatives have not announced the renewal or termination of their contracts exclusively with each other. YG repeatedly told local media that "nothing is certain yet."

Industry insiders predict that BlackPink could continue their K-pop journey as YG's chicken, or that of their subsidiary The Black Label, run by BlackPink's main producer. However, currently fans are still very scared, because there are too many rumors that Lisa and Jennie will not re-sign.

BLACKPINKs fate has been decided: YG leaks confidential information - will they continue to re-sign? - Photo 5

For example, Lisa, not long ago on July 12, YG representatives shared, "We have not agreed on Lisa's job, because the tour schedule and individuals are full, this is not related to the re-signing status." Although YG did not give a clear stance on the contract extension, it can be seen that YG admitted to recently arranging Lisa's schedule with the Chinese side.

It is expected that Blackpink's future direction will be decided after the official announcement of whether Lisa and the rest of the members will renew their contracts.

Whether Lisa continues to be active as a Blackpink member, or even whether she continues her artistic activities under YG's management, will undoubtedly greatly influence the group's future direction.

BLACKPINKs fate has been decided: YG leaks confidential information - will they continue to re-sign? - Photo 6

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