BLACKPINK Resigns: In a significant development, YG Entertainment Inc announced on Wednesday that all four members of the iconic South Korean K-pop girl group BLACKPINK have decided to renew their contracts with the label. This news, contrary to earlier speculations, gave a substantial boost to YG Entertainment’s shares, soaring by nearly a third.
Addressing the renewal, YG Entertainment expressed confidence, stating, “With strong trust, we signed an exclusive contract for group activities after having serious discussions with BLACKPINK.” While the group has committed to collective endeavors, discussions are still underway regarding exclusive contracts for solo activities, as shared by a YG Entertainment official with Reuters.
This positive turn of events prompted a remarkable surge in YG Entertainment’s shares, reaching a peak of 29% and trading at more than a three-week high after the official announcement. The ripple effect was evident in other major South Korean entertainment labels, with HYBE Co (label of K-Pop group BTS) rising by 7.3%, JYP Entertainment Corp up by 5.7%, and SM Entertainment climbing 5.2% in morning trade.
Also Read: Uber Bullish Surge: SP 500 Inclusion Sparks Optimism and Potential Stability
BLACKPINK, known for setting Guinness records, achieved the most-viewed music channel on YouTube, boasting over 90 million subscribers. Last month, the group received honors from Britain’s King Charles III for their impactful contributions in raising awareness about climate change.
Having concluded their Born Pink World Tour in September, which encompassed over 60 shows worldwide, BLACKPINK continues to be a dominant force in the global K-pop scene. The contract renewals signify a continued partnership, promising more exciting ventures from the beloved girl group in the coming years.
Our Reader’s Queries
Is a Blackpink member leaving?
BLACKPINK’s members have made a stunning announcement to end the year. Jennie, Jisoo, Rosé, and Lisa have parted ways with YG Entertainment to pursue their solo careers. This news has taken the music industry by surprise and has left fans eagerly anticipating what’s next for these talented artists.
Did Blackpink resign their contract?
In a major announcement, YG Entertainment has renewed its exclusive contract with all four members of BLACKPINK. This news has sent the stock of the K-pop giant soaring, as it secures the future of its most successful act with the agency.
Is Blackpink disbanded now?
Jisoo, Jennie, Lisa, and Rosé have broken the 7-year curse by renewing their contracts with YG. This is great news for fans of the popular K-pop group, as it means they will continue to create music together for the foreseeable future. The four members have shown their dedication to their craft and their fans by committing to YG for another term. This is a testament to their hard work and talent, and we can’t wait to see what they have in store for us next.
Is Jennie leaving Blackpink 2023?
Earlier this year, rumors started circulating online that Jennie Kim was leaving BLACKPINK. These rumors were mainly spread through the Chinese social media platform, Weibo. However, it has now been confirmed that Jennie, along with the other three members of the K-pop group, have officially renewed their contracts as a group with YG Entertainment.