Following the agency's initial statement earlier the same day, YG . Should celebrity couples with huge age gaps get criticized for dating despite being all adults? Reports Claim Overseas Companies Are Willing To Pay Millions For BLACKPINKs Lisa, And Its Seen YG Entertainments Stocks Plummet, Netizens Are Left In Awe At BLACKPINK Jisoos Beauty In Recent Update, IVEs Jang Wonyoung Proves Her BLINK Status By Joining BLACKPINK Jisoos Flower Dance Challenge, BLACKPINK Lisas MONEY Outfit At Coachella 2023 Stole The Show Here Are All The Expensive Details Of Her Dazzling Look, BLACKPINK Gain Praise After Incorporating Korean Culture Into Their Historic Coachella 2023 Performance. Initially, there was skepticism that the "BOOMBAYAH" singers will stay in the company due to impressive offers especially abroad to the members, yet officials close to the members claimed that the four members will most likely continue their relationship with YG unless a special reason came they had to leave the company. They signed with YG Entertainment in 2016 and their contract is set to end in 2023. As per a report in the Kpop Herald the girl group Blackpink, will be ending their exclusive contract with their label, YG Entertainment and changing their management label to THE BLACK . . YG Entertainment issued a statement denying recent media reports that Rose and Gang have been dating. (Saying might because sometime. However, they have moved on and got their things together. The string of recent departures has heightened the curiosity surrounding BLACKPINKs contract, as it was previously rumored they would also be joining THE BLACK LABEL, which YG Entertainment swiftly denied. Recently, many people have speculated about the future of BlackPink, a Korean girl group rumored to be disbanded in 2022, with the rumor mill quickly spinning. Second, K-pop enthusiasts especially BLINKs (fandom of BLACKPINK) showed their concern about how the quartet is fast approaching the infamous "7-Year Curse." "We . BLACKPINK's contract with the music label will be ending in August of this year and industry insiders recently reports claimed that Lisa is receiving an overseas offer of 81.2 million USD. Source: YG Entertainment BLACKPINK's headlining performance at Coachella 2023 proved their global appeal and massive popularity, drawing in a crowd of 125,000 at the main stage. Hence, many fear that the same thing may happen again. NewJeans' Style Transformation: Rookie Girl Group Barely Recognizable in Airport Attire! In August of this year, BLACKPINK's exclusive contract with YG Entertainment will come to an end. in accordance with our Privacy Statement. They debuted on August 8th, 2016 with their single album Square One and have since released several successful singles and albums. All six members of iKON departed with their group name intact, which was a rare sighting for the Yang Hyun Suk-founded label. The contract between BLACKPINK and YG is said to have been signed before June 2016, so . Amidst many doubts, many people still think that it is likely that BLACKPINK will continue to be active under their current agency. It has set brilliant records in leading overseas charts such as the Billboard Chart and has established itself as a "global hot icon" with all members serving as global brand ambassadors. Once their contract is over, each member might be offered to renew their contract. Blackpink is a South Korean girl group formed by YG Entertainment in 2016. December 30, 2022. Exploring The Reasons Behind Roses Low Popularity In Blackpink, Exploring The Dynamic Choreography Of Hamilton: The Musical A Behind The Scenes Look, What Happened To Lisa Manoban Of Blackpink: Details Of Her Injury And Recovery, Why Blackpink Has Taken The World By Storm: Exploring The Reasons Behind The Groups Passionate Fanbase. Have an accounting department they can convince to spend that kind of money on this acquisition. The new YG girl group Baby Monsters is about to debut this year, at the same time, BLACKPINKs contract will expire. Blackpink disbanding would be a sad day for many of their loyal fans. In addition, regarding the rumor that BLACKPINK will join The Black Label company, YG has said "Unfounded". Back in 2021, BLINKS will undoubtedly present a stunning show. The return of BlackPink is clearly YG Entertainment's top priority. Naver, the popular South Korean news source, made the announcement that YG Entertainment had finally responded to the rumors, confirming that all the reports were false. BLACKPINK member Rose is seen in this photo provided by her entertainment agency, YG Entertainment. Kang Dong Won . At a press showcase for their seventh mini- album Chaos held at Yes24 Live Hall, Seoul, Blackpink members expressed their appreciation for YG Entertainment and their commitment to both their fans and the band. THIS Former K-pop Idol is Now University Professor! Blackpink is one of the most popular K-pop girl groups of the moment. He also has a close relationship with BLACKPINK members. We will update you once we know the exact end date of the contract. For more K-Pop news and updates, keep your tabs open here at KpopStarz. Kim Sae Ron to Appear in Netflixs Bloodhounds Despite DUI Controversy: Minimal Footage Expected, Yoo Yeon Seok to make a special appearance in Dr. In particular, the quartet who debuted in 2016 will have their respective contracts expire at the end of August. Fourth and last, Jennie, a member who has been rumored to be dating BTS V almost every day from May also sparked speculation if this would become a huge variable when she renews her contract. While YG Entertainment has stated that it intends to renew the group's contract, reports have surfaced that this would not be easy as the members are being offered much higher . BLACKPINK was also announced as one of the headliners, the first for any K-pop girl group, at this years Coachella music festival where they will perform for 2 weekends. K-pop contracts typically have seven years, during which time members can renew them. If the rumors are true and they give each members 20.0 billion KRW (about $16.2 million USD), for a total of 80.0 billion KRW (about $65.0 million USD), YG will need to calculate if theyll be able to make a profit within that time period, they continued. A photo posted of the idol sparked malicious rumors. All Rights Reserved. Still in August, the members would have to renew their deal with YG, which holds the legal rights to Blackpink, as South Korean government rules restrict idol contracts to a maximum of seven years. With BLACKPINK's contract with YG Entertainment set to expire in August, the topic of whether the group members will renew their agreement with the talent agency has been the subject of much discussion on social media. But thankfully, the K-Pop group has finally addressed the rumors and put an end to the speculations. In South Korea and other countries, Blackpink is promoting its latest album Born Pink. K-pop girl band BLACKPINK's contract with YG Entertainment is going to end in August of this year, and whether the group will be renewing their contract with the music label again has emerged as a hot topic nowadays, BIZoom reported. In addition, regarding the rumor that BLACKPINK will join The Black Label company, YG has said Unfounded. (Photo : BLACKPINK's OFFICIAL INSTAGRAM ACCOUNT). BLACKPINK Reportedly 'Determined' To Renew Contract With YG Entertainment (Photo : BLACKPINK's OFFICIAL INSTAGRAM ACCOUNT) On March 4, music officials and insiders told the Korean media. Their concert shows were planned until the end of June, after which their performance at the BST Hyde Park 2023 festival in early July. Soompi's article only has the official statement and does not include the photo or Twitter drama if you'd prefer that. Later on, netizens began to point out various circumstances that the two were dating, including having similar necklaces. Since the beginning of 2023, information surrounding the renewal of the contract between YG and BLACKPINK has always become hot topics on social network platforms. According to a report by KpopHerald, a popular news website from the K-Pop stratosphere, the five-member global success from South Korea was allegedly on its way to cutting ties with their company. The disbanded of YGs senior girl group 2NE1 at the height of their popularity has been blamed on a lack of talent in the group. It is likely that Blackpink will sign on for another contract as they have already achieved immense popularity in the industry. Some believe YG Entertainment launching Baby Monster is to mitigate the potential failure of closing the renewal deal with BLACKPINK. According to the MCs, the participants were informed that there were six contract restrictions. This is also one of the reasons why many people believe that Lisa will not leave YG and continue to work in the Korean entertainment industry. After a nearly two-year hiatus, the Black Punkz are back in action. Red Velvet Irene Net Worth 2023: How Rich Is Group's 'Daegu Ulzzang'? Although BLACKPINK has been on the road to success since its debut, fans are still carefully mentioning the possible disbandment for various factors. Have that kind of cash to throw around 2. Media Gives 3 Reasons It 'Won't Be Smooth', Will BLACKPINK Renew Contract With YG? ELFs Heartbroken After Spotting THIS Idol 'Hiding' During Super Junior's Concert, Born Rich & Talented: Meet the 4th Generation K-Pop Queens With Wealthy Upbringings, Mnet Accused Of Favoring THIS 'Boys Planet' Trainee Here's What Happened. Yang founded YG Entertainment in 1996 and the label has harbored some of the biggest names in South Korea's music industry, including BIGBANG, 2NE1, Wheesung, Gummy, Psy and many others. ELFs Heartbroken After Spotting THIS Idol 'Hiding' During Super Junior's Concert, Born Rich & Talented: Meet the 4th Generation K-Pop Queens With Wealthy Upbringings, Mnet Accused Of Favoring THIS 'Boys Planet' Trainee Here's What Happened. K-pop market insiders have revealed that YG Entertainment is reportedly preparing to offer millions to BLACKPINK to renew their contract, Koreaboo reported. It is known that the contract for the group is set until August 2023 and any renewals or departures will have to be sorted out by then if the stars do not wish to become free agents. According to the news shared by the website, and later on, by Pop Base on Twitter, Blackpink and YG formalized the finalization of their contracts earlier this year. Blackpink already completed discussing the terms with the firm associated with YG Entertainment, it added. As one of the most popular girl groups of all time, fans are wondering how long their contract is with their label, YG Entertainment. BLACKPINK in Hong Kong during their "BORN PINK" tour | @BLACKPINK/Twitter YG Entertainment lost multiple notable talents at the end of 2022, with all six members of iKON leaving to pursue a contract with another company to continue group promotions, BIGBANG's T.O.P and Daesang leaving to pursue their individual endeavors, while Taeyang moved to YG's subsidiary label THE BLACK LABEL . The agency of K-pop girl group BLACKPINK's Ros, 26, finally denied the dating rumors between her and actor Gang Dong-won, 42, after issuing a vague statement. For more on BLACKPINK Lisas overseas contract offers, check out the article below! With 2022 coming to an end, many K-netizens are concerned about the fate of K-pop groups whose contracts will expire in 2023. Knowing that theyll be in high demand, industry insiders have been eager to see what move the group will make when their contract comes to an end. He ended his contract with the agency in December 2022. This also means that their contract with YG as Blackpink officially started that year. According to one insider, Lisa is being offered 100 billion KRW to switch labels, which is practically impossible for YG Entertainment to match. Now, media outlets are reporting that YG Entertainment is potentially prepared to shell out $16.2 million USD per member as a signing bonus in a bid for BLACKPINK to renew their contracts with them. Why BLACKPINK Has Released Limited Music: Exploring Their History And Industry Trends. Moreover, earlier it was announced that Jisoo would be making her solo music debut in 2023 following her acting debut in 2022 with K-drama Snowdrop opposite Jung Hae In. Many wonders if all the BLACKPINK members will renew their contracts with YG as they're set to expire in August this year. Epicstream is supported by its audience. 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As of this writing, none of the parties involved have confirmed any of the reports. This is because it's a win-win situation for both sides. As of this writing, none of the parties involved have confirmed any of the reports. As of now, the girls are on their BORN PINK World Tour which began in Seoul, South Korea last year and has moved over to the USA, Europe, and more recently Asia, strengthening the already present global status of the group. According to the insider report, From what I understand, [agencies] in countries like China expressed their desire to offer guarantees around 100 billion KRW (about $81.2 million USD) won to Lisa, who has complete influence in not only her home country of Thailand but the Southeast Asian market.". The two had been under YG Entertainment, but Gang ended his contract with the agency in . Did You Know? YG Entertainment denied that BLACKPINK's Rose and Kang Dong Won are dating.On April 17, . On January 19th, NH Investment & Securities predicted BLACKPINK will renew its contract with the label in its analyst report. On Thursday, reports from K-Pop Herald and The Korea Herald claimed BLACKPINK would move to The Black Label for future management, per an insider source. YG Entertainment is known to give such responses before revealing the final decision, and fans have cited a similar reply regarding iKON previously. Members of Blackpink have expressed their desire to extend their contract with YG Entertainment, citing the companys generous assistance in allowing them to achieve their dreams. On October 23, YG Entertainment announced, "BLACKPINK recently signed a contract with Interscope, a label under Universal Music, the world's largest record company. As reports of other artists from the label leaving or choosing to renew were revealed to the public, questions about the quartets future were raised simultaneously. If BLACKPINK renews their contracts in August, YG Entertainment will continue to be a strong force in K-pop, including G-Dragon, BLACKPINK, Winner, Akdong Musician, Treasure, and the new girl group Baby Monster, set to debut soon. Thankfully, Jennie, Lisa, Jisoo, and Rose are determined to stay. Insiders then supported this claim by stating: "The impact of the world tour seems to have been great.". An exclusive report from Star News on April 4 stated that all four members seem to have. Fans of the group, also known as BLINKS, appeared to be divided in face of all the rumors surrounding BLACKPINK. YG Entertainment is shutting down claims that BLACKPINK is transferring to their subsidiary label, The Black Label. WhileYG Entertainmentremains one of the more widely recognized entertainment companies in South Korea, renewing BLACKPINK after theyve earned unprecedented success in all aspects of the entertainment world may not be a simple feat. When contract renewal comes up, some members are concerned that rumors of dating may affect Jennie. In the case the four members decided to part ways with YG, it is expected that they will continue their respective jobs as global ambassadors and soloists whereas Jennie and Jisoo were speculated to expand their careers as actresses. Will BLACKPINK renew its contract with YG Entertainment? Girl group BLACKPINK (Jisoo, Jennie, Ros, Lisa) is expected to remain with YG Entertainment as their contract expiration approaches in August. YG Entertainment issued a statement denying recent media reports that Rose and Gang have been dating. Because they are tightly knit, no one in this group has expressed any desire to terminate the contract. It is known that the Seongbuk area is famous for being the residence of the Korean elite. For these reasons, netizens all think that it is likely that BLACKPINK has re-signed with YG and they are just waiting for the time to announce it. pic.twitter.com/kWipu5xyuF. This used to be the residence of Jang Seon Yoon granddaughter of the founder of Lotte Group. This is not a credible rumor. The fact that Lisa completed the payment for the villa in early 2023 shows that she has determined to live in Korea for a long time. Artist Background: BLACKPINK's Previous Record Labels & Contracts Embed from Getty Images. However, fans have pointed out that BLACKPINK's contract with YGE ends in June of 2023, exactly when the BORN PINK world tour also ends. remains one of the more widely recognized entertainment companies in South Korea, renewing BLACKPINK after theyve earned unprecedented success in all aspects of the entertainment world may not be a simple feat. BLACKPINK members Jisoo, Jennie, Ros and Lisa, who are currently on their "Born Pink World Tour," are set to headline Coachella 2023 in April, making them the first K-pop band to headline the music festival. There are numerous scenes in the MV for Shut Down that pay homage to previous hit songs by Pitbull. As reported by Korea's Yonhap News Agency, Big Hit Entertainment, the K-Pop powerhouse behind BTS, has revealed its intention to invest 70 billion won (approximately $63 million) in rival K-Pop. BLINKS, the popular girl groups official fandom, remain positive that the members would stay together and have mostly expressed support for the members should they decide to move to a different agency. On September 17, the Korean media outlet Insight reported on the four reasons why fans are considering the possibility of BLACKPINK's disbandment ahead of their contract renewal. (PHOTO NOT FOR SALE) (Yonhap) BLACKPINK is reportedly leaving YG Entertainment and will be moving to The Black Label. Fans may continuously see BLACKPINK perform together. As to how much truth there is to these talks, one can never know. YG Entertainment is said to be in the process of terminating their contract with the label, and Teddy Parks The Black Label is rumored to be in the process of signing them. By providing this information, you agree that we may process your personal Later in the interview, BLACKPINK assured fans that they would stick together amid the fears that they might not renew their contracts with YG. Recently, the girls have completed their concert in the capital Riyadh of Saudi Arabia, as well as in Abu Dhabi of the United Arab Emirates.They will be taking a break in the month of February, before gearing up again for various concerts from March to June in Asia, Oceania, and South America. In what seems to be a week (or year) revolving around contract renewals and artists parting ways with their agencies, YG Entertainment closes it off with some surprising news: A . The concert started in Seoul, going to North America in seven cities, followed by its European tour in seven cities and now, they were embarking on its Asian leg. For more BLACKPINK news, stay tuned to EpicStream! Kang Dong Won and BLACKPINK's Ros have been caught up in dating rumors, but YG Entertainment, Ros's agency, has taken a cautious stance, stating that the rumors are difficult to confirm. According to YG Entertainment, on September 17th, the latest title track from the second full album Born Pink, Shut Down, was the top song on iTunes in 43 countries. 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