INDIO, CALIFORNIA – APRIL 22: Jennie, Jisoo, Lisa, and Rosé of BLACKPINK carry out on the Coachella Stage through the 2023 Coachella Valley Music and Arts Competition on April 22, 2023 in Indio, California. (Picture by Emma McIntyre/Getty Photographs for Coachella)
Emma Mcintyre | Getty Photographs Leisure | Getty Photographs
Shares of Okay-pop administration company YG Leisure dropped nearly 7% after stories emerged that the contract renewal for a member of lady group Blackpink is unsure.
YG shares traded at 73,900 Korean gained at 2.41pm KST. At this stage, the inventory is at its lowest since Might 11, when it closed at 66,700 Korean gained apiece.
Based on an unique report by South Korean media outlet Munhwa Ilbo, Thailand-born member Lisa has “not been capable of finding an settlement” concerning a contract extension with YG Leisure.
South Korean media outlet Newsen additionally reported that YG Leisure responded to queries by saying that contract renewal discussions have been underway, however Munhwa Ilbo reported that “it’s recognized that the distinction between the 2 sides is kind of giant.”
Blackpink — made up of members Jisoo, Jennie and Rosé, along with Lisa — has been considered one of YG Leisure’s most profitable Okay-pop teams.
The 4 member group debuted with YG in August 2016. As Okay-pop teams usually signal seven-year contracts, Blackpink’s contract is predicted to run out in August.
Citing an “business insider,” Munhwa Ilbo additionally reported that “YG’s contract renewal course of with the remaining three members of Blackpink is continuing comparatively easily.”
The group was the primary Asian act and Okay-pop lady group to headline the Coachella pageant within the U.S., and the first Okay-pop band to headline a significant pageant within the U.Okay. on the BST Hyde Park pageant.
Blackpink additionally holds the Guinness World Document for most-viewed music channel on YouTube for a gaggle, beating out U.S. pop band Maroon 5 in April.
— CNBC’s Chery Kang contributed to this report.
