In an exhilarating turn of events, YG Entertainment, the home of K-pop sensation BLACKPINK, announced on December 6 that all members of the group have renewed their exclusive contracts. This news marks a significant milestone in the quartet’s career, and fans are eager to see what new horizons this renewed collaboration holds.
BLACKPINK’s Contractual Commitment
In an official statement, YG Entertainment declared:
“We have successfully reached an agreement within our board of directors regarding the signing of exclusive group contracts for all four members of BLACKPINK, our esteemed artists.”
This decision brings an end to the protracted negotiations that began when the group’s previous contracts expired in August.
Road Ahead
While the decision to continue with group activities has been made, individual contracts for each member are yet to be finalized. According to reports from Munhwa Ilbo, two members, including Lisa, have chosen to part ways with YG Entertainment, while discussions with the remaining two members are still ongoing.
Success of ‘Born Pink’
BLACKPINK concluded their highly successful world tour, ‘Born Pink,’ in September. The tour drew an impressive audience of 1.8 million people, generating cumulative sales nearing 300 billion won. Despite the absence of exclusive individual contracts, it is expected that both YG Entertainment and each member will continue to reap substantial profits from BLACKPINK’s group activities.
The renewal of BLACKPINK’s contracts with YG Entertainment opens an exciting new chapter in the group’s history. Fans can eagerly anticipate the next milestone in the journey of these talented artists as they continue to leave an indelible mark on the global K-pop scene.
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