INDIO, CALIFORNIA – APRIL 22: (L-R) Rosé, Jennie, Jisoo, and Lisa of BLACKPINK carry out on the Coachella Stage throughout the 2023 Coachella Valley Music and Arts Competition on April 22, 2023 in Indio, California. (Photograph by Emma McIntyre/Getty Photographs for Coachella)
Emma Mcintyre | Getty Photographs Leisure | Getty Photographs
Shares of Ok-pop company YG Leisure tumbled 13.28% on Thursday after South Korean media reported that three of the 4 members of woman group Blackpink won’t signal new contracts with the label.
The inventory closed at hit its lowest stage in nearly 5 months and closed at 69,200 received ($51.68) per share , its lowest stage since its Might 11 shut of 66,700 received.
South Korean outlet Sports activities Seoul reported, citing “a number of music business officers,” that members Jisoo, Jennie and Lisa will signal contracts with different labels, whereas Rosé will renew her contract with YG.
The outlet added that the three members “are in last-minute discussions with a ‘separate but collectively’ technique,” the place they’ll signal with different labels, however spend six months out of the 12 months as a part of Blackpink.
Reuters reported that YG mentioned contract talks are ongoing and nothing has been determined.
This comes after Thailand-born Lisa allegedly rejected two contract renewal presents from YG final week, with the dimensions of the contract reportedly price 50 billion South Korean received ($37.6 million).
Blackpink wrapped up its “Born Pink” world tour on Sept. 17 in Seoul, marking the biggest world tour performed by a Ok-pop woman group. YG claimed the tour attracted 2.11 million folks around the globe, spanning 66 performances in 34 cities.
The group was the primary Asian act and Ok-pop woman group to headline the Coachella competition within the U.S. in addition to the first Ok-pop group to headline a serious competition within the U.Ok. on the BST Hyde Park competition.
Blackpink can be the primary woman group to high the Billboard 200, and likewise holds the Guinness World Document for most-viewed music channel on YouTube for a bunch.
