INDIO, CALIFORNIA – APRIL 22: Jennie, Jisoo, Lisa, and Rosé of BLACKPINK carry out on the Coachella Stage throughout the 2023 Coachella Valley Music and Arts Pageant on April 22, 2023 in Indio, California. (Picture by Emma McIntyre/Getty Photos for Coachella)
Emma Mcintyre | Getty Photos Leisure | Getty Photos
Shares of Ok-pop administration company YG Leisure dropped virtually 7% after reviews emerged that the contract renewal for a member of lady group Blackpink is unsure.
YG shares traded at 73,900 Korean received at 2.41pm KST. At this degree, the inventory is at its lowest since Could 11, when it closed at 66,700 Korean received 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 had been underway, however Munhwa Ilbo reported that “it’s identified that the distinction between the 2 sides is kind of massive.”
Blackpink — made up of members Jisoo, Jennie and Rosé, along with Lisa — has been considered one of YG Leisure’s most profitable Ok-pop teams.
The 4 member group debuted with YG in August 2016. As Ok-pop teams usually signal seven-year contracts, Blackpink’s contract is predicted to run out in August.
Citing an “trade 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 Ok-pop lady group to headline the Coachella competition within the U.S., and the first Ok-pop band to headline a significant competition within the U.Ok. on the BST Hyde Park competition.
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.