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According to a recent statement released by YG Entertainment, the members of BLACKPINK have renewed their contracts with the label, putting an end to months of speculation and pressure on the company's shares. The statement reads, "With strong trust, we signed an exclusive contract for group activities after having serious discussions with BLACKPINK." Additionally, the label is still in talks with the group regarding an exclusive contract for solo activities, according to a YG Entertainment official.
The news has had a positive impact on YG Entertainment's shares, which rose as much as 29% to 61,900 won ($47.16) after the announcement. This is the highest trading level for the company in over three weeks.
BLACKPINK embarked on a worldwide Born Pink World Tour in October last year, performing over 60 shows across the globe. The tour came to a close in September.
The news has had a positive impact on YG Entertainment's shares, which rose as much as 29% to 61,900 won ($47.16) after the announcement. This is the highest trading level for the company in over three weeks.
BLACKPINK embarked on a worldwide Born Pink World Tour in October last year, performing over 60 shows across the globe. The tour came to a close in September.
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Continue... BLACKPINK Members Renew Contract, Boosting Shares In Label YG Entertainment
BLACKPINK members have renewed their contracts with YG Entertainment, putting an end to months of speculation.• The news has had a positive impact on YG Entertainment's shares, which rose as much as 29% to 61,900 won ($47.16) after the announcement.
• The group embarked on a worldwide Born Pink World Tour in October last year, performing over 60 shows across the globe.
• The tour came to a close in September.
• YG Entertainment is still in talks with the group regarding an exclusive contract for solo activities.
• The renewal of the contract is seen as a positive development for the company and the group.
• The move is expected to boost the company's reputation and influence in the K-pop industry.
• The renewal of the contract is a testament to the strong trust and relationship between the group and YG Entertainment.
• The news has been met with excitement from fans and industry insiders alike.
• The renewal of the contract is a significant milestone for the group and YG Entertainment, and is expected to have a positive impact [+]
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