4 Facts about the Fate of BLACKPINK’s Contract that Are Still Unclear Lifestyle – 5 hours ago

Jakarta, CNBC Indonesia – For fans of the K-Pop world, especially BLINKs (as BLACKPINK fans are known), the results of discussions on BLACKPINK’s contract extension with YG Entertainment are always eagerly awaited.

Even though Jisoo, Jennie, Rose, and Lisa’s contracts with YG Entertainment ended in August 2023, the decision to extend the contracts has not yet been resolved until October 2023.

Instead of providing an explanation regarding the future of “The Biggest Girl Group in the World”, YG Entertainment actually announced that girl groups his latest, BABYMONSTER, will debut soon.


The following is a summary of the ins and outs of the issue of BLACKPINK’s contract extension, as reported by The Korea Herald.

1. Rose is said to have migrated to the US

Rose Blackpink (Instagram/Roses_are_Rosie)Photo: Rose Blackpink (Instagram/Roses_are_Rosie)
Rose Blackpink (Instagram/Roses_are_Rosie)

Rumors of BLACKPINK not renewing their contract heated up after Rose was seen in Paris, France, with the Chairman and CEO of Columbia Records, Ron Perry. The photo circulated on social media last Monday (16/10/2023).

“Photos of Perry chatting with Rose in France on Monday fueled speculation that Rose might join the American label,” the report said The Korea Heraldquoted Friday (20/10/2023).

For information, Columbia Records, which is based in the United States (US), is responsible for several world-famous musicians, such as Celine Dion, Beyonce, Adele and Harry Styles.

However, a number of fans also speculated that Rose might be working on a new solo album with the US label. Because, quite a few K-Pop idols release solo albums involving US-based record labels.

Not without reason, involving the help of US record labels for the release of solo albums is often done to increase the album’s reach to international listeners.

2. Jennie and Jisoo are said to be creating a new agency

BLACKPINK's Jennie Kim attends the Met Gala at The Metropolitan Museum of Art's Costume Institute in New York.  (Photo by Evan Agostini/Invision/AP)Photo: BLACKPINK’s Jennie Kim attends the Met Gala at The Metropolitan Museum of Art’s Costume Institute in New York. (Evan Agostini/Invision/AP/Evan Agostini)

According to YouTuber and former K-Pop reporter, Lee Jin-ho, there are reports that several BLACKPINK members, namely Jennie and Jisoo, have not renewed their contracts with YG and will set up their own agency.

“The parents of one of the members were even seen connecting with various investors for meetings,” said Lee Jin-ho.

Responding to the report, YG Entertainment officials stated that there was still no recent confirmation regarding BLACKPINK’s contract renewal and future activities.

3. Lisa did not renew her contract and ‘returned’ to Southeast Asia

Blackpink (Instagram screenshot @lalalalisa_m)Photo: Lisa Blackpink (Instagram screenshot @lalalalisa_m)

Lisa is the member most often rumored to not have renewed her contract with YG Entertainment. Reportedly, Lisa was offered 100 billion won or around Rp. 1.17 trillion (assuming an exchange rate of Rp. 11.73/won) by an agency in Southeast Asia.

Apart from that, Lisa’s participation in the French Cabaret Crazy Horse show also strengthens the evidence that she did not renew her contract with YG Entertainment.

“It’s difficult for Lisa to take part in the French Cabaret Crazy Horse show if she has extended her exclusive contract with YG,” said Lee Jin-Ho.

4. Jennie, Jisoo, and Lisa leave YG, only Rose remains

INDIO, CALIFORNIA - APRIL 22: (LR) Lisa, Jisoo, Rosé and Jennie of BLACKPINK perform onstage at the 2023 Coachella Valley Music and Arts Festival on April 22, 2023 in Indio, California.  (Photo by Emma McIntyre/Getty Images for Coachella)Photo: Getty Images for Coachella/Emma McIntyre
INDIO, CALIFORNIA – APRIL 22: (LR) Lisa, Jisoo, Rosé and Jennie of BLACKPINK perform onstage at the 2023 Coachella Valley Music and Arts Festival on April 22, 2023 in Indio, California. (Photo by Emma McIntyre/Getty Images for Coachella)

Last September, a local report stated that Jennie, Lisa, and Jisoo were confirmed to have left YG Entertainment and only Rose had extended their contract.

However, the three members who were rumored to have ‘left’ the agency have signed an agreement to continue working as BLACKPINK for six months a year, but under the condition of having contracted with another agency.

The uncertain future fate of BLACKPINK caused the share price of one of South Korea’s largest agencies to plunge 13.28 percent on September 21.

Nevertheless, analysts say that YG Entertainment will remain strong even if BLACKPINK really does not renew the contract. Because the agency still has a solid “foundation”.

“YG recorded an operating profit of 9.3 billion won (or around Rp. 109 billion) for the second half of 2022, aka when BLACKPINK was not actively contributing to the agency,” said KB Securities analyst Lee Sun-hwa.

“This means the agency could probably make around 10 billion won (or around Rp. 117.2 billion) in half a year without BLACKPINK,” continued Lee Sun-hwa.

[Gambas:Video CNBC]

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Rumored to be leaving YG, how much is BLACKPINK Lisa’s net worth?

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