Recently, Korean media reported that Lisa became the owner of a luxury villa costing 7.5 billion won in Seongbuk district, Seoul. 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. As a result of this, the band will have to renew their contracts in 2023, but fans should not be concerned because the members have already stated their intent to do so. After a long wait, content from Blackpink has been released. K-Pop girl group Blackpink has taken the world by storm since their debut in 2016. 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 girl group BLACKPINK is in their last year of contract with YG Entertainment. These numbers on one hand are making netizens wonder if the company will in fact be able to earn back the money they invest in the said time or if it will be a no-brainer for them to sign with the girls as they are more likely to continue with the group promotions thanks to their massive fandom. Jisoo, Lisa, Ros, and Jennie are the four members of the group. The contract between BLACKPINK and YG is said to have been signed before June 2016, so . Second, the group comprised of Jisoo, Jennie, Lisa and Ros already established a family-like relationship, which is not easy to be destroyed. . In August of this year, BLACKPINK's exclusive contract with YG Entertainment will come to an end. 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The News International, All Rights Reserved | Contact Us | Authors, Second BTS member starts mandatory military service, Director reveals why he cast Melissa McCarthy as Ursula on 'The Little Mermaid', Jamie Foxxs doctors still trying to figure out what caused medical complication, Lily-Rose Depp portrays a malevolent pop star in new trailer for 'The Idol', Leonardo DiCaprio and Irina Shayks relationship status revealed amid Coachella outing, Spice Girls celebrate superwoman Victoria Beckhams 49th birthday with sweet tributes, Victoria Beckhams birthday outing fails to show signs of bonding with Nicola Peltz, Taylor Swift reveals how she's doing after Joe Alwyn break up, Justin and Hailey Biebers new video from Coachella concerns fans: is he okay?, 'Ana de Armas on working with Chris Evans in new film 'Ghosted', Reese Witherspoon 'has no regrets' after splitting from ex husband Jim Toth. Through YG and. This means that the group is set to remain under YG Entertainment for the next four years and will be able to continue to entertain their fans with their amazing music for years to come. READ MORE: Jung Chae Yul Dead at 26: Know More About the Zombie Detective Star. 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. Meanwhile, Kang Dong Won signed an exclusive contract with YG Entertainment in 2016, and announced the establishment of a one-man agency after the contract expired in December of last year. n data de 17 aprilie, reprezentanii ageniei YG Entertainment au dezvluit c nu se pot pronuna cu privire relaia lui Rose cu Dong Won . A new group, Square One, released its first album, Square One, in August 2016. And while no schedule has officially been revealed so far, it is expected to be in the first half of the year. For more K-Pop news and updates, keep your tabs open here at KpopStarz. 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. K-pop market insiders have revealed that YG Entertainment is reportedly preparing to offer millions to BLACKPINK to renew their contract, Koreaboo reported. YG Entertainment has vehemently denied BLACKPINK's transfer to The Black Label. All Rights Reserved. With their unique sound, vibrant personalities, and strong bond, they have created a special bond with their fans that will be hard to forget. An official source from YG Entertainment (hereinafter referred to as YG) said, in regards to the rumors. Now, reports of Jisoo, Jennie, Ros, and Lisa being offered millions of dollars to stay back and not change agencies are making rounds on the internet. Drinking, smoking, going out, driving, plastic surgery, and dating are all prohibited as part of the policy. Amid rumours, BLACKPINK's label, YG . 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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. After a nearly two-year hiatus, the Black Punkz are back in action. Hailey Bieber's video of comforting seemingly husband 'unwell' Justin Bieber at Coachella went viral, Ana de Armas and Chris Evans teamed up for Apple TV's upcoming action rom-com 'Ghosted', Reese Witherspoon and Jim Toth announced their divorce in March this year after 12 years of marriage, Kylie Jenner draws attention with change in her looks, Chris Evans is starring alongside Ana de Armas in upcoming film 'ghosted', Kylie Jenner and Timothe Chalamet are confirmed to be dating after sparking the rumors earlier this month, Copyright 2023. 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. Although the majority of fans are positive that BLACKPINK will renew their contract with YG Entertainment, a media outlet highlighted four "hints," suggesting their disbandment. Amidst many doubts, many people still think that it is likely that BLACKPINK will continue to be active under their current agency. We think we create the biggest synergy when there are four of us, they stated. 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. For more on BLACKPINK Lisas overseas contract offers, check out the article below! So most likely, the contract between YG and BLACKPINK was signed before June instead of August. YG Entertainment denied that BLACKPINK's Rose and Kang Dong Won are dating.On April 17, . In particular, the quartet who debuted in 2016 will have their respective contracts expire at the end of August. 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. BLACKPINK was initially known in the K-pop scene thanks to its agency, and YG was able to sustain its company position despite the disbandment of 2NE1 and BIGBANG hiatus, thanks BLACKPINK. This used to be the residence of Jang Seon Yoon granddaughter of the founder of Lotte Group. However, as the entertainment company with the largest number of hip hop singers in South Korea, yg's film and television resources are not very strong, resulting in Jin Zhixiu's lack of good film and television drama resources. According to BlackPINK, its exclusive seven-year contract will expire in the second half of 2023. The Battle For The Best: Can Blackpink Beat BTS In The K-Pop Phenomenon? All Rights Reserved. When BLACKPINK officially debuted, 2NE1s activities ended. YG Entertainment is going through a myriad of changes in regard to the contract renewals of its beloved artists. More recent reports from industry insiders claim that multi-talented member Lisa is receiving overseas offers, one upwards of a staggering $81.2 million USD. 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. Due to the fact that Blackpinks contract expires in 2023, it is highly unlikely that they will re-appear. Furthermore, their contract with YG Entertainment is set to expire in 2023, so there is no doubt that they are in a contract. As such, many fans are looking forward to encore concerts of the girl group. 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. However, with their immense popularity, the group could possibly renegotiate their contract with YG Entertainment in the future. However, every K-pop artist has one thing in common- they are under a contract with their labels. Aside from performing their greatest hits, like Boombayah and Kill This Love, the girls performed their solo songs. Chris Evans gets candid about his role in 'Ghosted': 'thats fun to play', Heres everything to know about Kylie Jenner, Timothe Chalamets casual' dating. First,. music officials and insiders told the Korean media outlet Star News, Will BLACKPINK Renew Contract With YG? The Korea Herald report also claimed discussions regarding the members' contracts and management were completed early this year. The news comes after top Korean brokerage firm NH Investment & Securities stated in a Jan. 19 analyst report that the K-pop girl group is likely to renew its contract with the label. On April 18th, an article titled "BLACKPINK to move to YG affiliate The Black Label" published by The Korean Herald reemerged amidst uncertainty about the contract renewal status of BLACKPINK. Actor Kang Dong Won also parted ways at the same time. Months before BLACKPINK's contract with YG Entertainment ends this year, member Lisa has reportedly been offered a whopping 100 billion KRW, or $81 million, to leave their home agency.. THIS Former K-pop Idol is Now University Professor! This includes the BIGBANG members, out of whom only leader. Blackpink. Members of Blackpink are currently under contract with YG. Recent reports that Lisa has been offered 100 billion KRW (approximately $81 million) by an overseas company to switch labels have fueled concerns that BLACKPINK will soon disband. It is likely that Blackpink will sign on for another contract as they have already achieved immense popularity in the industry. 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. . 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. 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. He also has a close relationship with BLACKPINK members. "We . 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. 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. Insiders have quoted that the agency is expected to put down at least 20 billion KRW (about $16.2 million USD approximately) per member to keep BLACKPINK going strong for about 2 to 3 more years. 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. 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. Below are some reasons behind their firm belief: BLACKPINK will be occupied for the long-term with their world tour BORN PINK, which lasts from mid-October 2022 until mid-2023. 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