Blackpink, the multinational feminine music act that’s the largest woman group within the Korean pop (Ok-pop) firmament, could lastly be near renewing its collective contract with YG Leisure.
The information was extensively reported in Korea on Monday and comes after months of hypothesis
that the four-piece act – Jisoo (actual identify Kim Ji-soo), Lisa (Lalisa Manobal), Jennie (Kim Jennie) and Rose (Roseanne Park) – would take their acts to a different store. Blackpink’s earlier contracts with YG expired in August.
The Munhwa Ilbo (or Tradition Day by day) publication Monday claimed an unique with the knowledge that Blackpink will re-up with YG, however the 4 people is not going to renew their unique contracts with the company. It additionally added that two of the 4 have signed the brand new Blackpink-YG contract.
The knowledge boosted YG’s KOSDAQ-listed shares by 3% on Monday morning. However the firm put out a press assertion saying that nothing is confirmed and that talks are ongoing.
Over the previous months, the corporate has filed a succession of regulatory notices, saying a lot the identical factor and making an attempt to dampen hypothesis that it’ll lose its largest single act and its largest income. Its shares recorded two steep dips – of 9% and 13% — in September as rumors swirled.
Blackpink was shaped below YG in 2016, however because the quartet hit new ranges of recognition and recognition worldwide there was hypothesis that the previous seven-year deal would must be considerably renegotiated within the artists’ favor. Blackpink’s latest world tour included 66 performances in 34 cities and was watched by 2.1 million spectators, YG has reported. In addition they headlined at Coachella in April.
There has additionally been hypothesis that the 4 band members are more and more trying to develop their particular person careers. The Munhwa Ilbo seems to echo this line of considering. “Unique contracts between every member and YG Leisure weren’t signed. Sooner or later they plan to hold out particular person actions and are available collectively just for Blackpink actions,” it stated.