Back in 2021, BLINKS will undoubtedly present a stunning show. 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 . Industry insiders are anticipating that YG will offer a down payment of at least 20.0 billion KRW (about $16.2 million USD) per member to keep BLACKPINKContract renewals are usually for 2~3 years. Jisoo's interview with Rolling Stone magazine is one of the causes behind this. If the band is committed to their fans, it indicates that they will be here for a long time, and fans can anticipate even more music from the band in the future. Hence, many fear that the same thing may happen again. To offer an artist that amount of money just to switch labels, a company would have to: 1. MLD Entertainment To Debut New Boy Group HORI7ON: Concept, Date, More Details! It is no secret that Blackpink is one of the most successful K-pop bands of all time. Source K-pop market insiders have revealed that YG Entertainment is reportedly preparing to offer millions to BLACKPINK to renew their contract, Koreaboo reported. Kylie Jenner 'lip filler undone' in Coachella photos? First,. 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 was literally a movie-like moment for us, they said. 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. While some were relieved at the groups possible separation from YG Entertainment, derived from the companys constant delay in albums and comebacks, other fans werent nearly as supportive. 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. 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. As is standard for K-Pop contracts, it is reported that BLACKPINKs contract will be ending this year after seven years with. Amid constant noise regarding the disbandment and renewal of the contract, attention is being paid to whether BLACKPINK will be able to be reborn as a long-lived idol just like Girls' Generation as it succeeds in renewing its contract. Aside from that, their individual success may also get in the way, considering they can now make it on their own. 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. According to BlackPINK, its exclusive seven-year contract will expire in the second half of 2023. The record label that made them debut is their first and current record label. 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 !! So, at the moment, all of Blackpink's members have contracts with YG. Recently, Korean media reported that Lisa became the owner of a luxury villa costing 7.5 billion won in Seongbuk district, Seoul. (Photo : BLACKPINK's OFFICIAL INSTAGRAM ACCOUNT). 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. Dont celebrate literally look at Somi, one fan replied, referring to Somis own spaced-out singles and albums while under The Black Label. An official source from YG Entertainment (hereinafter referred to as YG) said, in regards to the rumors that the group will join The Black Label after the end of their contract, were untrue.. 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. any other company would treat them so much better than yg, honestly 1 More posts from the BlackPink community 1.2k Posted by 3 days ago 2 BLACKPINK is highly likely to renew their contract with YG Entertainment In other news, according to a source on April 4th, BLACKPINK members, who are four months away from the end of their contract with YG Entertainment, have expressed their intention to renew their contracts with the label. Blackpinks disbandment is assured in 2022, and it appears that the girls have expressed their desire to extend their YG Entertainment contract. Jennie, Lisa, Jisoo, and Rose received praise and acclaim for their incredible performance. 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. But insiders still believe YG Entertainment would have to offer at least 20 billion KRW per member. The new YG girl group Baby Monsters is about to debut this year, at the same time, BLACKPINKs contract will expire. Updated April 17 KST: YG Entertainment has officially denied the dating rumors between BLACKPINK's Ros and Kang Dong Won. 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. Insiders have quoted that the agency is expected to put down at least 20 billion KRW (about $16.2 million USD approximately) per member to keep BLACKPINK going strong for about 2 to 3 more years. Have an accounting department they can convince to spend that kind of money on this acquisition. Aside from this, BLACKPINK is also scheduled to perform as the headliner at the Coachella Valley Music and Arts Festival in the US this mid-April, then the fun will continue at the British Summer Time Festival Hyde Park in the United Kingdom in July. 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. 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. also have real estate in this area. The Black Label is headed by producer Teddy Park, who produces music for the girl group. Artist Background: BLACKPINK's Previous Record Labels & Contracts Embed from Getty Images. The other members have not stated plans of making any comebacks yet however, Jennie will be making her acting debut as Anys in The Weeknds HBO program The Idol, also starring Lily-Rose Depp in the lead role. 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. Blackpink. This is not a credible rumor. Blackpink disbanding would be a sad day for many of their loyal fans. We think we create the biggest synergy when there are four of us, they stated. 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. Fans have been awaiting word on their contract status since the end of the year. 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. Copyright 2007 - 2023 Pinkvilla Media Private Limited. In spite of the bittersweet response in celebration of BLACKPINKs possible transfer, YG denied all the reports a few hours later. In 2023, BLACKPINK comprised of Jisoo, Jennie, Ros and Lisa is set to face a contract renewal discussion with YG Entertainment on their seventh year as a team. K-Pop girl group Blackpink has taken the world by storm since their debut in 2016. 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. 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. Epicstream is supported by its audience. BLACKPINK Dominates Social Media During Coachella, Occupying 78.1% of Related Posts, BLACKPINK strikes lasting impressions with attractive outifts at Coachella 2023, On the day of Ros and Kang Dong Wons dating rumor, YG drops unexpected news, BLACKPINK Jennie brings Korean culture on the stage of Coachella 2023 through an unexpected detail, YG denies dating rumor between BLACKPINKs Ros and Kang Dong Won, Tiled roof set, fan danceThe story behind BLACKPINKs Coachella stage, IVE Yujin praised for clever answer when asked, Do you feel arrogant after winning Daesang?, The actress who acted romance with me is my wife, Not only BTS Jungkook, another top Korean star was captured at Coachella. You can discuss unpopular opinions with Ayushi while she keeps looking for the next artist/show to dive deep into. You can discuss unpopular opinions with Ayushi while she keeps looking for the next artist/show to dive deep into. 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 members of the group have decided to part ways with YG Entertainment, according to a statement issued by the label. when his contract expired and he left the agency. THIS Former K-pop Idol is Now University Professor! Due to the fact that Blackpinks contract expires in 2023, it is highly unlikely that they will re-appear. YG gets to keep its strongest artist, while the team got to keep its name to continue promoting as a group. Thankfully, Jennie, Lisa, Jisoo, and Rose are determined to stay together despite their success as solo artists, seemingly hinting at contract renewal. K-pop market insiders have revealed that YG Entertainment is reportedly preparing to offer millions to BLACKPINK to renew their contract, Koreaboo reported. 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. We will update you once we know the exact end date of the contract. By India Today Entertainment Desk: BLACKPINK member Rose and actor Kang Dong-won have been rumoured to be dating for a while now. 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. Japan Has Millions of Empty Houses. Naver, the popular South Korean news source, made the announcement that YG Entertainment had finally responded to the rumors, confirming that all the reports were false. . they could either sign with another company and re-debut with another group name and other stage names or they could go solo. Thankfully, Jennie, Lisa, Jisoo, and Rose are determined to stay. The . 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. 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. All four members of BLACKPINK are expected to renew their contracts and stay with YG Entertainment . 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. BTS' Jungkook donates 1 billion won to Seoul National University Children's Hospital, YG Entertainment updates original statement and denies that BLACKPINK's Rose is dating Kang Dong Won, BTS's J-Hope shares emotional last posts before military enlistment and reveals new buzz cut, (G)I-DLE confirms May 15 comeback with a new teaser poster, Park Bo Gum to participate as an audio docent for the Hangaram Art Museum, Cha Seung Won in talks to join the cast of the drama 'Guns & Talks', IVE's Rei reveals her special relationship with flowers in 'Cosmopolitan', NCT's Jaehyun sits out 'Cultwo Show' schedule due to poor health, BLACKPINK's Coachella 2023 Performance Draws High Viewership on YouTube, "It is the private matter of the artists", YG's response to BLACKPINK Ros & Kang Dong Won's dating rumors makes netizens think it may be true, BLACKPINK draws attention for bringing Korean traditional elements to Coachella. NewJeans' Style Transformation: Rookie Girl Group Barely Recognizable in Airport Attire! The two had been under YG Entertainment, but Gang ended his contract with the agency in December. BLACKPINK YG Entertainment is going through a myriad of changes in regard to the contract renewals of its beloved artists. Meanwhile, BLACKPINK will wrap up its current world tour this June. Many rumours started floating about saying that the girls had moved to the companys subsidiary THEBLACKLABEL much like BIGBANGs Taeyang. 3. Gang Dong-won was an actor at YG Entertainment until his contract ended last December and he chose to leave the agency. For more K-Pop news and updates, keep your tabs open here at KpopStarz. That amount is more than YGE's entire company-wide profit for 2022 (note that revenue and profit are different things). For more K-Pop news and updates, keep your tabs open here at KpopStarz. On March 4, music officials and insiders told the Korean media outlet Star News about the high expectancy level of BLACKPINK renewing their contract with its agency, YG Entertainment. However, they have moved on and got their things together. 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. 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. Most Korean artists and groups stay in one record label. Have that kind of cash to throw around 2. Hailey Bieber's video of comforting seemingly husband 'unwell' Justin Bieber at Coachella went viral, Ana de Armas and Chris Evans teamed up for Apple TV's upcoming action rom-com 'Ghosted', Reese Witherspoon and Jim Toth announced their divorce in March this year after 12 years of marriage, Kylie Jenner draws attention with change in her looks, Chris Evans is starring alongside Ana de Armas in upcoming film 'ghosted', Kylie Jenner and Timothe Chalamet are confirmed to be dating after sparking the rumors earlier this month, Copyright 2023. Kang Dong Won was a part of the YG Entertainment family, until his contract expired just last December . 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. Record labels & amp ; contracts Embed from Getty Images music for the next to! 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