BLACKPINK Received This Whopping Amount For Renewing Contract With YG Entertainment- Republic World

BLACKPINK was within the headlines all by means of the top of final yr for his or her contract renewal with their company YG Leisure. Whereas the group relieved their followers by signing the contract thereby placing a relaxation to disbandment rumours, the quartet went out of the corporate for his or her particular person tasks. 

Jennie and Lisa established their very own firm and Jisoo signed together with her brother’s firm for his or her particular person actions. Now, the rumours declare that YG paid a humongous quantity to BLACKPINK for his or her group contract renewal. 

BLACKPINK paid in billions wons for contract renewal

YG Leisure disclosed in its monetary report, which was made public on March 21, 2024, that it had paid 41 billion KRW (roughly Rs 250 crores) received to accumulate a sure group. When an artist is required to signal an unique contract with the company, the corporate pays them a certain amount for working with them. 

 

Business sources and followers are sure that this cash has been given to BLACKPINK as apart from the notable contract extension of the group, YG’s artist roster solely noticed the arrival of BABYMONSTER final yr. Since there have been no different documented re-signings or new artist signings exterior of BLACKPINK, it’s estimated that every member of the group might have gotten as much as about 10 billion KRW (roughly Rs 63.5 crores) every. 

Why did BLACKPINK not renew their contract for solo actions?

In December final yr, YG Leisure formally introduced that Lisa, Jennie, Rose, and Jisoo wouldn’t renew their contracts or lengthen their particular person contracts for solo tasks underneath the label. Nevertheless, they renewed their group contract with the company. 

 

The assertion learn, “Whats up, that is YG Leisure. BLACKPINK just lately renewed their contracts with YG for his or her group actions, and we now have agreed to not proceed with further contracts for [the members’] particular person actions. We are going to do our utmost to assist BLACKPINK’s actions, and we are going to cheer on the members’ particular person actions with heat hearts. Thanks.”