YG stated that they would renew the contract with Blackpink. K-pop contracts typically have seven years, during which time members can renew them. Some believe YG Entertainment launching Baby Monster is to mitigate the potential failure of closing the renewal deal with BLACKPINK. Initially, there was skepticism that the "BOOMBAYAH" singers will stay in the company due to impressive offers especially abroad to the members, yet officials close to the members claimed that the four members will most likely continue their relationship with YG unless a special reason came they had to leave the company. The Black Label is headed by producer Teddy Park, who produces music for the girl group. With their unique sound, vibrant personalities, and strong bond, they have created a special bond with their fans that will be hard to forget. YG Entertainment issued a statement denying recent media reports that Rose and Gang have been dating. Source: daum BlackPink As is standard for K-Pop contracts, it is reported that BLACKPINKs contract will be ending this year after seven years with YG Entertainment. Copyright 2023 KpopStarz.com. When contract renewal comes up, some members are concerned that rumors of dating may affect Jennie. Exploring The Reasons Behind Roses Low Popularity In Blackpink, Exploring The Dynamic Choreography Of Hamilton: The Musical A Behind The Scenes Look, What Happened To Lisa Manoban Of Blackpink: Details Of Her Injury And Recovery, Why Blackpink Has Taken The World By Storm: Exploring The Reasons Behind The Groups Passionate Fanbase. Once their contract is over, each member might be offered to renew their contract. BLACKPINK currently has group activities scheduled well into 2023, with their BORN PINK world tour scheduled to end in late June, and the group slated to headline theBST Hyde Park 2023festival on July 2, 2023, in London. Discussion Arises After THESE 4 'Hints', 10 K-pop Idols Dominating 2023 With Their Multi-million Dollar Empires: JY Park, G-Dragon, More. 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. However, it cant be denied that there are still questions about their future as a group under YG Entertainment. Soompi: YG Entertainment Announces Strong Legal Action Against Rumors Regarding BLACKPINK's Ros. Second, K-pop enthusiasts especially BLINKs (fandom of BLACKPINK) showed their concern about how the quartet is fast approaching the infamous "7-Year Curse." Thanks to their positive response, their fans have been reassured that the group will not fold anytime soon. Since the beginning of 2023, information surrounding the renewal of the contract between YG and BLACKPINK has always become hot topics on social network platforms. 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.. December 30, 2022. All six members of iKON departed with their group name intact, which was a rare sighting for the Yang Hyun Suk-founded label. YG Entertainment shuts down dating rumors between BLACKPINK's Ros and actor Kang Dong Won By Melanie Uson Published Apr 18, 2023 11:41 am @roses_are_rosie / Instagram and The Movie Database YG Entertainment has denied dating rumors involving BLACKPINK' s Ros and its former artist, actor Kang Dang Won. On October 23, YG Entertainment announced, "BLACKPINK recently signed a contract with Interscope, a label under Universal Music, the world's largest record company. K-pop girl band BLACKPINK's contract with YG Entertainment is going to end in August of this year, and whether the group will be renewing their contract with the music label again has emerged as a hot topic nowadays, BIZoom reported. The old-school group was let go by YG Entertainment in favor of debuting BLACKPINK instead. However, fans have pointed out that BLACKPINK's contract with YGE ends in June of 2023, exactly when the BORN PINK world tour also ends. . 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. Kylie Jenner 'lip filler undone' in Coachella photos? The agency had previously stated that they could not check their artists' private matters but have been . After a long wait, content from Blackpink has been released. Many rumours started floating about saying that the girls had moved to the companys subsidiary THEBLACKLABEL much like BIGBANGs Taeyang. YG Entertainment is known to give such responses before revealing the final decision, and fans have cited a similar reply regarding iKON previously. It was literally a movie-like moment for us, they said. Romantic 3Return after 6 years, Lim Ji Yeon Reveals Happy Daily Life After Confirming Relationship with Lee Do Hyun. Fans hope that Blackpink would leave YG Entertainment once their contract matures with the label in 2023 after constant mistreatment (YG Entertainment, Twitter) The four-member girl group Blackpink made its debut in August of 2016 under the label YG Entertainment and the girl group will soon be . She may be in demand, but the figure quoted is completely unbelievable. The contract between BLACKPINK an YG Entertainment ends in 2023, since it lasts for 7 years since the debut of the idol group that happenned on 2016, so, it still has one year more and then we will know what will happen with the girl group after its agreement with the K-Pop agency ends. Back in 2021, BLINKS will undoubtedly present a stunning show. The girl group had reportedly begun discussing their contracts way back in 2021. BLACKPINK is reportedly leaving YG Entertainment and will be moving to The Black Label. Their concert shows were planned until the end of June, after which their performance at the BST Hyde Park 2023 festival in early July. through links on our site, we may earn an affiliate commission. Second, some fans were worried about the "Shut Down" MV featuring a large number of scenes of their previous hit songs, such as "DDU DU DDU DU," "Whistle," and "BOOMBAYAH.". This means that the group has three years left on their contract before they can choose to re-sign or go their separate ways. 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. Artist Background: BLACKPINK's Previous Record Labels & Contracts Embed from Getty Images. 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. Soompi's article only has the official statement and does not include the photo or Twitter drama if you'd prefer that. Despite the rumors, YG Entertainment has remained tight-lipped, choosing not to confirm or deny the . Exploring Roses Relationship Status: Is Blackpinks Rose Dating Anyone? 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. 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. Blackpinks disbandment is assured in 2022, and it appears that the girls have expressed their desire to extend their YG Entertainment contract. In August of this year, BLACKPINK's exclusive contract with YG Entertainment will come to an end. For more BLACKPINK news, stay tuned to EpicStream! It is known that the Seongbuk area is famous for being the residence of the Korean elite. 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. TXT Soobin & Yeonjun Fashionable Duo in Magazine Photoshoot And MOAs Can't Stop Raving About Their Visuals, aespa Winter Radiates Elegance in First Solo Pictorial for Vogue Korea. Later on, netizens began to point out various circumstances that the two were dating, including having similar necklaces. In spite of the bittersweet response in celebration of BLACKPINKs possible transfer, YG denied all the reports a few hours later. READ MORE: Jung Chae Yul Dead at 26: Know More About the Zombie Detective Star. 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. Initially, the rumors stated that the K-Pop group was joining The Black Label, a company known for housing some of K-Pops largest soloists, including Somi, Teddy Park, and Zion. The disbanded of YGs senior girl group 2NE1 at the height of their popularity has been blamed on a lack of talent in the group. 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. Drinking, smoking, going out, driving, plastic surgery, and dating are all prohibited as part of the policy. BLINKS, the popular girl groups official fandom, remain positive that the members would stay together and have. According to the news shared by the website, and later on, by Pop Base on Twitter, Blackpink and YG formalized the finalization of their contracts earlier this year. It is no secret that Blackpink is one of the most successful K-pop bands of all time. There are numerous scenes in the MV for Shut Down that pay homage to previous hit songs by Pitbull. The report contested that the foursome will sign with The Black Label, headed by producer Teddy who has been a main force behind the group since its debut, as its contract with YG Entertainment comes to an end next year. Many wonders if all the BLACKPINK members will renew their contracts with YG as they're set to expire in August this year. if almost all men are escaping from yg, imagine them. 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. The Blackpink are set to disband in 2023, according to reports. The concert started in Seoul, going to North America in seven cities, followed by its European tour in seven cities and now, they were embarking on its Asian leg. Born Pink can be found and streamed on Spotify. This contract will likely keep the members of Blackpink together until at least 2023. To address the rumor, their current agency issued a statement stating that the girl group will not be leaving the company, that they will not change companies, nor will they be transferring. Through YG and. YG Entertainment issued a statement denying recent media reports that Rose and Gang have been dating. 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. An official source from YG Entertainment (hereinafter referred to as YG) said, in regards to the rumors. For more K-Pop news and updates, keep your tabs open here at KpopStarz. It is known that the contract for the group is set until August 2023 and any renewals or departures will have to be sorted out by then if the stars do not wish to become free agents. Similar to Chinese actress Tang Wei, I feel that the path of an actor is more suitable for jisoo. Kim Sae Ron to Appear in Netflixs Bloodhounds Despite DUI Controversy: Minimal Footage Expected, Yoo Yeon Seok to make a special appearance in Dr. The fact that Lisa completed the payment for the villa in early 2023 shows that she has determined to live in Korea for a long time. . An exclusive report from Star News on April 4 stated that all four members seem to have. 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. The Largest K-Pop Girl Group World Tour Affects Contract Renewal Decision NakdSeoul We will update you once we know the exact end date of the contract. Fourth and last, Jennie, a member who has been rumored to be dating BTS V almost every day from May also sparked speculation if this would become a huge variable when she renews her contract. Blackpink is one of the most popular K-pop girl groups of the moment. A photo posted of the idol sparked malicious rumors. they could either sign with another company and re-debut with another group name and other stage names or they could go solo. 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. Red Velvet Irene Net Worth 2023: How Rich Is Group's 'Daegu Ulzzang'? Blackpink Contract Rules "We heard that there were six restrictions on the contracts," the . Rumors are currently spreading that BLACKPINK's management will be moved to The Black Label, a subsidiary of YG Entertainment, by 2023.. It's believed that the rumors arose based on various news . Recently, many people have speculated about the future of BlackPink, a Korean girl group rumored to be disbanded in 2022, with the rumor mill quickly spinning. No official announcement has been made yet but the bands management company, YG Entertainment, has said that they are currently in negotiations. 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. When BLACKPINK officially debuted, 2NE1s activities ended. 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 $65.0 million USD), YG will need to calculate if theyll be able to make a profit within that time period, they continued. The Battle For The Best: Can Blackpink Beat BTS In The K-Pop Phenomenon? Notably, the word And More can be seen in BLACKPINKs originally released tour schedule, proving that additional dates may be announced. Blackpink disbanding would be a sad day for many of their loyal fans. Officials then continued that these things achieved and will be achieved as one by the quartet "seems to have further increased trust in YG Entertainment.". We think we create the biggest synergy when there are four of us, they stated. Meanwhile, Kang Dong Won signed an exclusive contract with YG Entertainment in 2016, and announced the establishment of a one-man agency after the contract expired in December of last year. . Recently, Korean media reported that Lisa became the owner of a luxury villa costing 7.5 billion won in Seongbuk district, Seoul. Thankfully, Jennie, Lisa, Jisoo, and Rose are determined to stay. In context, seven years is the limit of most idol contracts with their agency and often, groups part ways or a member withdraws from the team during this time; hence the nickname. He ended his contract with the agency in December 2022. This means that the group has three years left on their contract before they can choose to re-sign or go their separate ways. An industry insider said the group's true all-rounder, Lalisa Manoban , is offered KRW 100 (approximately US$ 81.2 million) to leave YG Entertainment. BLACKPINK expected to stay with YG Entertainment GELABAL News 2.37K subscribers Subscribe 2.3K views 1 day ago Girl group BLACKPINK (Jisoo, Jennie, Ros, Lisa) is expected to remain as a. As there is no update about Lisa's debut, her fans have started speculating that she. However, they have moved on and got their things together. YG Entertainment is the label behind Blackpink, one of the most popular K-pop bands. According to BlackPINK, its exclusive seven-year contract will expire in the second half of 2023. It is likely that Blackpink will sign on for another contract as they have already achieved immense popularity in the industry. The two had been under YG Entertainment, but Gang ended his contract with the agency in December. BLINKs Flooded TWICE Dahyun's Instagram With Hate Comments After Idol Did THIS, 10 K-pop Idols Dominating 2023 With Their Multi-million Dollar Empires: JY Park, G-Dragon, More. YG Entertainment teases a new group.YG NEXT MOVEMENT pic.twitter.com/Nb4f9KNvrv. MLD Entertainment To Debut New Boy Group HORI7ON: Concept, Date, More Details! BLACKPINK YG Entertainment is going through a myriad of changes in regard to the contract renewals of its beloved artists. Lisa remains one of the most sought-after artists in the world with netizens reporting posts of there being interest from the Chinese companies who are ready to put in 100 billion KRW (about $81.2 million USD approximately) to get the Thai star to join them. YG Entertainment has vehemently denied BLACKPINKs transfer to The Black Label. Will BLACKPINK renew its contract with YG Entertainment? K-Pop girl group Blackpink has taken the world by storm since their debut in 2016. Industry insiders have shared their two bits on this saying that the company is planning on spending a lot to be able to retain the group as well as the girls. When you purchase T.O.P and Daesung have left the company and Taeyang has moved to THEBLACKLABEL. 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. Did You Know? As of this writing, none of the parties involved have confirmed any of the reports. YG gets to keep its strongest artist, while the team got to keep its name to continue promoting as a group. As of this writing, none of the parties involved have confirmed any of the reports. Korean media reported that Lisa became the owner of a luxury villa costing 7.5 billion won in Seongbuk district, Seoul. We want to continue with the music that we love for a long time as BLACKPINK., YOU MIGHT ALSO LIKE: Lee Seung Gi Breaks Silence Over Controversies Surrounding Marriage With Lee Da In, Bursts Out in a Series of Lengthy Post. Chris Evans gets candid about his role in 'Ghosted': 'thats fun to play', Heres everything to know about Kylie Jenner, Timothe Chalamets casual' dating. From Korean and international media to experts and fans, all have their own speculations about the BLACKPINKs contract status, especially with the girl group being a major earner under YG. Many wonders if all the BLACKPINK members will renew their contracts with YG as theyre set to expire in August this year. LOONA's Olivia Hye steps down from 'GIRL'S RE:VERSE' due to health issues, NewJeans tops the K-Pop idol group brand value rankings for January. (Saying might because sometime. 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