Moreover, earlier it was announced that Jisoo would be making her solo music debut in 2023 following her acting debut in 2022 with K-drama Snowdrop opposite Jung Hae In. The Battle For The Best: Can Blackpink Beat BTS In The K-Pop Phenomenon? YG Entertainment's response to BLACKPINK member Ros and Kang . Blackpink. Aside from that, their individual success may also get in the way, considering they can now make it on their own. It was literally a movie-like moment for us, they said. As is standard for K-Pop contracts, it is reported that BLACKPINKs contract will be ending this year after seven years with. The girl group had reportedly begun discussing their contracts way back in 2021. More from NextShark: VFX company behind 'Squid Game' reveals the surprising amount of CGI contained in the show, We will never forget how YG hurt Lisa and send her to military show when Lisa asked him to send her to Dance show !! (PHOTO NOT FOR SALE) (Yonhap) Many rumours started floating about saying that the girls had moved to the companys subsidiary THEBLACKLABEL much like BIGBANGs Taeyang. Updated April 17 KST: YG Entertainment has officially denied the dating rumors between BLACKPINK's Ros and Kang Dong Won. The two had been under YG Entertainment, but Gang ended his contract with the agency in . To offer an artist that amount of money just to switch labels, a company would have to: 1. 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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. However, the agency was quick to shut down any such claims in December itself, saying that a lot of time remained for their contract talk with BLACKPINK. An official source from YG Entertainment (hereinafter referred to as YG) said, in regards to the rumors. 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. Chaeyeon Responds To Comment She's 'Less Popular' As Soloist Compared To When She Was in IZ*ONE, SNSD Taeyeon, TWICE Nayeon, NewJeans Hyein Transcend K-pop Generations in Alluring Pictorial, BLACKPINK Jisoo Fashion: Idol's Fancy Styles to Dress Like Royalty. Blackpink is one of the most popular K-pop girl groups of the moment. As of now, the girls are on their BORN PINK World Tour which began in Seoul, South Korea last year and has moved over to the USA, Europe, and more recently Asia, strengthening the already present global status of the 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. BLACKPINK was also announced as one of the headliners, the first for any K-pop girl group, at this years Coachella music festival where they will perform for 2 weekends. Worth mentioning, although the debut product Boombayah was released in August, YG announced to the media about the BLACKPINK group in June 2018. The agency had previously stated that they could not check their artists' private matters but have been . Still in August, the members would have to renew their deal with YG, which holds the legal rights to Blackpink, as South Korean government rules restrict idol contracts to a maximum of seven years. YG Entertainment's artist dating rumour response manual has been maintained this time as well. Taxi Driver 2 Shin Jae Ha, I was exhausted when filming two dramas simultaneously I want to return in Season 3 as a Rainbow Taxi member, BTS see off j-hope as a complete group, reveal family-like photo, Viewers feel like this actress was born wearing a hanbok because she has starred in so many historical dramas, BTS j-hope quietly enlisted among the arms of all members, even Jin on vacation. K-Pop girl group Blackpink has taken the world by storm since their debut in 2016. Korean media reported that Lisa became the owner of a luxury villa costing 7.5 billion won in Seongbuk district, Seoul. MLD Entertainment To Debut New Boy Group HORI7ON: Concept, Date, More Details! This is also one of the reasons why many people believe that Lisa will not leave YG and continue to work in the Korean entertainment industry. This means that the group has three years left on their contract before they can choose to re-sign or go their separate ways. In general, Kpop contracts last about 7 years, and since they signed the contract in 2016, they are likely to end in 2023 as well. Thanks to Hallyu, the world is finally in love with the colorful realm of K-pop.One of the leading K-pop groups, Blackpink, under the label YG Entertainment has dominated the charts all over the world alongside their fellow K-pop artists such as BTS, Seventeen, Stray Kidz, Psy, IU, etc. And finally, the big question in the room remains- Will BLACKPINK renew contracts with YG Entertainment? The two had been under YG Entertainment, but Gang ended his contract with the agency in December. The agency of K-pop girl group BLACKPINK's Ros, 26, finally denied the dating rumors between her and actor Gang Dong-won, 42, after issuing a vague statement. When contract renewal comes up, some members are concerned that rumors of dating may affect Jennie. Meanwhile, BLACKPINK, which officially debuted on August 8, 2016, has been active for nearly seven years and has stood tall as a top global girl group. YG Entertainment has not made any official statements regarding BLACKPINKs contract at this time. That amount is more than YGE's entire company-wide profit for 2022 (note that revenue and profit are different things). 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. Stay updated with the latest Hallyu news on: Instagram, YouTube, Twitter, Facebook and Snapchat, ALSO READ:BLACKPINKs Jisoo stuns at Dior Couture show at Paris Fashion Week: Fans call her Audrey Hepburn lookalike. They signed with YG Entertainment in 2016 and their contract is set to end in 2023. If BLACKPINK members renew their contracts in August, YG Entertainment will continue to be a strong axis of K-pop with G-Dragon, BLACKPINK, Winner, AKMU, Treasure and the rookie girl group BABYMONSTER, who is about to debut. Copyright 2007 - 2023 Pinkvilla Media Private Limited. A new group, Square One, released its first album, Square One, in August 2016. They debuted on August 8th, 2016 with their single album Square One and have since released several successful singles and albums. 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. Grid.ID - Tidak ingin ada lebih banyak spekulasi, YG Entertainment merevisi pernyataan terkait kabar kencan Rose BLACKPINK dan Kang Dong Won.. Sebelumnya pada tanggal 17 April 2023, YG Entertainment merilis sebuah pernyataan terkait informasi yang beredar bahwa Rose BLACKPINK berkencan dengan aktor Kang Dong Won. When BLACKPINK officially debuted, 2NE1s activities ended. Blackpink's current contract Blackpink's first album, Square One, came out on August 18, 2016, which was their official start date. The quartet, comprising Jennie, Lisa,. 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. The Black Label is headed by producer Teddy Park, who produces music for the girl group. BLACKPINK member Rose is seen in this photo provided by her entertainment agency, YG Entertainment. Members of Blackpink have expressed their desire to extend their contract with YG Entertainment, citing the companys generous assistance in allowing them to achieve their dreams. through links on our site, we may earn an affiliate commission. But according to the new media report by Munhwa Ilbo on January 23rd, it won't be so easy for YG Entertainment as the members are being offered much higher guarantees elsewhere. Recently, Korean media reported that Lisa became the owner of a luxury villa costing 7.5 billion won in Seongbuk district, Seoul. Furthermore, they have made a commitment to their fans and the band, raising the possibility that the group will not disband anytime soon. The contract between BLACKPINK and YG is said to have been signed before June 2016, so . The Blackpink are set to disband in 2023, according to reports. He also has a close relationship with BLACKPINK members. The K-Pop groups discography is surprisingly short, with only two studio albums under their name, as opposed to their six years in the industry, though they have also been semi-active between ambassador work and their musical endeavors. With their huge success, fans are now wondering if the members will renew their contract. They have released several hit singles and albums, with many of their songs reaching the top of the music charts. Internet users were especially concerned if BLACKPINK will end up like their senior group 2NE1, who disbanded in their seventh year as well in 2016 despite being at the peak of their popularity. The Blackpink girl group was formed by YG Entertainment and is one of South Koreas most popular groups. Not only among members, but the group members were also close to their dancers and producers including Teddy. 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. By Val M. Published on : 01:33 PST, Jun 13, 2022. Recently, the girls have completed their concert in the capital Riyadh of Saudi Arabia, as well as in Abu Dhabi of the United Arab Emirates.They will be taking a break in the month of February, before gearing up again for various concerts from March to June in Asia, Oceania, and South America. When you purchase Blackpink is also the same. Jennie started with her solo song You and Me, followed by Jisoos recently released Flower. Rose also sang On the Ground, while Lisa showed off her rap skills with her hit Money., ALSO READ: YG Entertainment Addresses BLACKPINKs Rose Drug Use Allegations, Threatens to Take Legal Action. Jisoo's interview with Rolling Stone magazine is one of the causes behind this. For more BLACKPINK news, stay tuned to EpicStream! YG Entertainment is known to give such responses before revealing the final decision, and fans have cited a similar reply regarding iKON previously. On the other hand, BLACKPINK on September 16 made its much-anticipated comeback with its second studio album, "BORN PINK.". Blackpink Contract Rules "We heard that there were six restrictions on the contracts," the . Due to the fact that Blackpinks contract expires in 2023, it is highly unlikely that they will re-appear. YG Entertainment is said to be in the process of terminating their contract with the label, and Teddy Parks The Black Label is rumored to be in the process of signing them. Currently, BLACKPINK is still conducting its world tour, "BORN PINK," the largest world tour among K-pop girl groups expected to meet 1.5 million spectators around the globe. 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. (Saying might because sometime. Have an accounting department they can convince to spend that kind of money on this acquisition. YG Entertainment had earlier claimed that Lisa was in line to make her solo debut after Jennie and Rose. It is no secret that Blackpink is one of the most successful K-pop bands of all time. YG Entertainment issued a statement denying recent media reports that Rose and Gang have been dating. The new YG girl group Baby Monsters is about to debut this year, at the same time, BLACKPINKs contract will expire. While YG Entertainment has stated that it intends to renew the group's contract, reports have surfaced that this would not be easy as the members are being offered much higher pay from other labels. Hence, many fear that the same thing may happen again. "When you take into consideration the scale of the Korean market, itll be hard for [Korean agencies] to handle that kind of offer, " they explained. As reports of other artists from the label leaving or choosing to renew were revealed to the public, questions about the quartets future were raised simultaneously. YG Entertainment lost multiple notable talents at the end of 2022, with all six members of iKON leaving to pursue a contract with another company to continue group promotions, BIGBANGs T.O.P and Daesang leaving to pursue their individual endeavors, while Taeyang moved to YGs subsidiary label THE BLACK LABEL, popular actor Kang Dong Won left to reportedly set up his own agency, and formerTREASUREs Mashiho concluded his contract to focus on his health while Bang Yedam left to focus on his career as a producer. In particular, the quartet who debuted in 2016 will have their respective contracts expire at the end of August. Apply to AfreecaTV's "UP TO YOU Season 2" Global K-Pop Idol Audition Today! This used to be the residence of Jang Seon Yoon granddaughter of the founder of Lotte Group. Copyright 2023 KpopStarz.com. YG gets to keep its strongest artist, while the team got to keep its name to continue promoting as a group. 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. There are numerous scenes in the MV for Shut Down that pay homage to previous hit songs by Pitbull. Aside from performing their greatest hits, like Boombayah and Kill This Love, the girls performed their solo songs. After completing her engineering, Ayushi followed her passion for journalism and has been a professional writer for over 3 years now. BLACKPINK Reportedly 'Determined' To Renew Contract With YG Entertainment (Photo : BLACKPINK's OFFICIAL INSTAGRAM ACCOUNT) On March 4, music officials and insiders told the Korean media. However, because BLACKPINK is currently busy with their world tour, it is possible that Jisoos solo album will be released in quarter 3 or 4, after the contract renewal period. Kylie Jenner 'lip filler undone' in Coachella photos? Fans have been awaiting word on their contract status since the end of the year. Now, several Korean media outlets reported that YG Entertainment is preparing to shell out 16.2 million USD per member as a bonus for BLACKPINK to renew their contract with them. allkpop is a registered trademark of 6Theory Media, LLC. Comprised of members Jennie, Jisoo, Lisa and Ros, the group debuted after perfecting their craft for several years in a . By providing this information, you agree that we may process your personal Sports World noted that many industry officials expressed concerns after some experts doubted if the agency could renew their contracts due to several issues. So most likely, the contract between YG and BLACKPINK was signed before June instead of August. 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. "I wish they can renew because I want to see BLACKPINK together for a long time," another wrote. Speaking of Ros, last week, YG Entertainment shut down baseless drug abuse allegations against the singer soon after the same picture from . According to media reports, the quartet is all set to re-sign with the label once again. BLACKPINK's contract with the music label will be ending in August of this year and industry insiders recently reports claimed that Lisa is receiving an overseas offer of 81.2 million USD. Source: daum BlackPink She is a K-drama binge-watcher and grooves to all genres of the K-music world. The posts reportedly come from Lisa fans who believe the company has mistreated the member several times in the past. In addition, bands such as ASTRO and BLACKPINK, who debuted in 2016, are likely to have their contracts renewed or terminated in the following year. 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.. 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. 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. With a multitude of BLINKs demanding Jisoo, Jennie, Ros and Lisa to leave, what will the quartet decide as their exclusive contracts come to an end soon? In spite of the bittersweet response in celebration of BLACKPINKs possible transfer, YG denied all the reports a few hours later. This includes the BIGBANG members, out of whom only leader. Similar to Chinese actress Tang Wei, I feel that the path of an actor is more suitable for jisoo. This is not a credible rumor. WhileYG Entertainmentremains 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. BLACKPINK in Hong Kong during their "BORN PINK" tour | @BLACKPINK/Twitter YG Entertainment lost multiple notable talents at the end of 2022, with all six members of iKON leaving to pursue a contract with another company to continue group promotions, BIGBANG's T.O.P and Daesang leaving to pursue their individual endeavors, while Taeyang moved to YG's subsidiary label THE BLACK LABEL . Their separate ways matters but have been awaiting word on their contract before they can convince spend... 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