YG calculates with Blackpink, wants to extend his contract but is afraid of 1 thing!

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

Specifically, each BlackPink member can receive a deposit of up to tens of billions of VND to renew the contract with the company. The 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 girl groups in K-pop, conquering the global market with hit songs."

Earlier, Korean media also made the latest predictions about the re-signing of this group. Many analysts based on BlackPink's debut date of August 8, 2016, expecting the announcement date of contract status to also fall on August 8. But with the group's world tour schedule running until the end of August, they believe that a re-signing is very likely and even mandatory for YG because everyone knows BlackPink's current position.

Since the group accounts for more than 80 percent of YG's operating profits, some investors have expressed concern and said they will reassess the company's value after the announcement of the contract extension. As can be seen, the re-signing greatly affects the company's business prospects and future investment decisions.

This caused the Korean audience to stir and enthusiastically discuss on the country's online communities. 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 Baby Monster in case the worst could happen.

"Shouldn't YG beg them to renew? 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 Baby Monster will be popular if BlackPink leaves".

"I think their payout percentage 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 own way, so I think they should find somewhere that gives them more benefits" ... Some comments by netizens.

In response to the above information, YG had to speak out about the agreement to extend the contract with 4 beautiful girls: "There may be changes such as the agreement soon, 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."

After a very successful show in Vietnam in late July 2023, the group BlackPink is scheduled to conclude their Born Pink World Tour on August 26, at Dodger Stadium in Los Angeles, California, USA.

Demonstrating this success, the representative of the Executive Committee of Vietnam MICE Travel Club (VMC) said: It can be said that the BlackPink concert taking place in Hanoi is a big push for the type of music tourism of the Capital in particular and of Vietnam in general.

Thanks to the BlackPink effect, Hanoi tourism not only stimulates a large number of domestic visitors who are fans of the group, but also attracts international tourists, especially from countries such as China, Korea, Singapore ... come to the Capital, enjoy the idol's music night combined with sightseeing, exploring the city.

According to the latest report of the Hanoi Department of Tourism, in July, the number of tourists to the Capital increased approximately 2.5 times compared to the same period in 2022. In particular, a large number of visitors come to Hanoi thanks to the attraction from the concert of the group Blackpink. Particularly in the 2 days of the Born Pink concert, Hanoi welcomed 170,000 visitors, including 3,000 international visitors, total revenue from tourism was VND 630 billion.

BlackPink is a South Korean girl group formed in 2016 consisting of 4 members: Jisoo, Jennie, Rosé and Lisa. The group became an international music phenomenon and achieved worldwide success with songs such as "Kill This Love", "DDU-DU DDU-DU" and "How You Like That".

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