Later in the interview, BLACKPINK assured fans that they would stick together amid the fears that they might not renew their contracts with YG. Refrain from bringing up fanwar drama/fighting from social media in any detail. The two had been under YG Entertainment, but Gang ended his contract with the agency in . Currently, BLACKPINK is still conducting its world tour, "BORN PINK," the largest world tour among K-pop girl groups expected to meet 1.5 million spectators around the globe. The rumours caught fire after many on the internet claimed they had evidence of the two stars together. It is known that the contract for the group is set until August 2023 and any renewals or departures will have to be sorted out by then if the stars do not wish to become free agents. BLACKPINK YG Entertainment is going through a myriad of changes in regard to the contract renewals of its beloved artists. According to BlackPINK, its exclusive seven-year contract will expire in the second half of 2023. Following the agency's initial statement earlier the same day, YG . However, YG Entertainment has issued a statement denying these rumors, stating that Ros's dating rumors are untrue. Officials then continued that these things achieved and will be achieved as one by the quartet "seems to have further increased trust in YG Entertainment.". Meanwhile, Kang Dong Won signed an exclusive contract with YG Entertainment in 2016, and announced the establishment of a one-man agency after the contract expired in December of last year. Recent reports that Lisa has been offered 100 billion KRW (approximately $81 million) by an overseas company to switch labels have fueled concerns that BLACKPINK will soon disband. When you purchase This name belongs to YG, and they wouldn't let it go because it brings in so much revenue. Still in August, the members would have to renew their deal with YG, which holds the legal rights to Blackpink, as South Korean government rules restrict idol contracts to a maximum of seven years. Yang founded YG Entertainment in 1996 and the label has harbored some of the biggest names in South Korea's music industry, including BIGBANG, 2NE1, Wheesung, Gummy, Psy and many others. 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. Chris Evans gets candid about his role in 'Ghosted': 'thats fun to play', Heres everything to know about Kylie Jenner, Timothe Chalamets casual' dating. Many wonders if all the BLACKPINK members will renew their contracts with YG as they're set to expire in August this year. The concert started in Seoul, going to North America in seven cities, followed by its European tour in seven cities and now, they were embarking on its Asian leg. BLACKPINK named Time Entertainer of the Year 2022, BLACKPINK set to make history as Coachellas first K-pop headlining act, YG Entertainment announces new girl group to debut in 2023, that it intends to renew the group's contract, reports have surfaced that this would not be easy as the members are being offered, An earlier rumor has surfaced that while the members will remain as a group, they plan on following in the footsteps of. According to the MCs, the participants were informed that there were six contract restrictions. 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. On September 17, the Korean media outlet Insightreported on the four reasons why fans are considering the possibility of BLACKPINK's disbandment ahead of their contract renewal. Fans may continuously see BLACKPINK perform together. . 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ADVERTISEMENT Furthermore, they have made a commitment to their fans and the band, raising the possibility that the group will not disband anytime soon. YG Entertainment had earlier claimed that Lisa was in line to make her solo debut after Jennie and Rose. First, BLACKPINK which debuted in 2016 is set to have its contract renewal season with YG Entertainment in 2023. While all is said and done, and the ball is in YG Entertainment's court, netizens are wondering if they are even in a position to come up with a viable counteroffer. It was earlier reported that BLACKPINK's contracts with YG Entertainment are due to expire in 2023. In South Korea and other countries, Blackpink is promoting its latest album Born Pink. Blackpink is a South Korean girl group formed by YG Entertainment in 2016. Meanwhile, Kang Dong Won was a part of the YG Entertainment family, until his contract expired just last December. The group, formed in 2016, has since gained international success and recognition for their music, fashion and overall style. READ MORE: Jung Chae Yul Dead at 26: Know More About the Zombie Detective Star. Meanwhile, BLACKPINK, which officially debuted on August 8, 2016, has been active for nearly seven years and has stood tall as a top global girl group. Speaking of Ros, last week, YG Entertainment shut down baseless drug abuse allegations against the singer soon after the same picture from . 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 . In context, seven years is the limit of most idol contracts with their agency and often, groups part ways or a member withdraws from the team during this time; hence the nickname. 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. 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. 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. . THIS Former K-pop Idol is Now University Professor! The fact that Lisa completed the payment for the villa in early 2023 shows that she has determined to live in Korea for a long time. 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. 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. Look at the different treatment they give the other members, LISA LEAVE YG#GetThatMoneyLISA pic.twitter.com/pPZr6S4ClY, More from NextShark: Simu Liu's new girlfriend is a digital marketing manager, LISA LEAVE YG#GetThatMoneyLISA pic.twitter.com/Dvyv83JXxh, They kept belittling her ends up she's THE ONLY ONE getting offered by other companies to sign with them after knowing her contract ends this year, LISA LEAVE YG#GetThatMoneyLISA pic.twitter.com/jryFoviYcx, Stella (@fawklisaantis2) January 23, 2023. IVE Jang Wonyoung's 'Lazy Dancing' Sparks OUTRAGE: What Really Happened? Red Velvet Irene Net Worth 2023: How Rich Is Group's 'Daegu Ulzzang'? While the exact details of their contract remain unknown, it is believed that the group has signed a seven-year contract with YG Entertainment. While YG Entertainment has stated that it intends to renew the group's contract, reports have surfaced that this would not be easy as the members are being offered much higher pay from other labels. YG Entertainment is known to give such responses before revealing the final decision, and fans have cited a similar reply regarding iKON previously. There are numerous scenes in the MV for Shut Down that pay homage to previous hit songs by Pitbull. BLACKPINK debuted in 2016 and quickly became one of the top K-Pop girl groups, conquering the global market with their incredible talent, catchy songs, charming personalities, and trendsetting fashion. YG Entertainment announced today that BLACKPINK will be headlining Hyde Park Music Festival in London in July of next year. However, every K-pop artist has one thing in common- they are under a contract with their labels. 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. By Val M. Published on : 01:33 PST, Jun 13, 2022. K-pop market insiders have revealed that YG Entertainment is reportedly preparing to offer millions to BLACKPINK to renew their contract, Koreaboo reported. The girl group had reportedly begun discussing their contracts way back in 2021. This means that the group has three years left on their contract before they can choose to re-sign or go their separate ways. Fans of the group, also known as BLINKS, appeared to be divided in face of all the rumors surrounding BLACKPINK. Not only among members, but the group members were also close to their dancers and producers including Teddy. Discussion Arises After THESE 4 'Hints', 10 K-pop Idols Dominating 2023 With Their Multi-million Dollar Empires: JY Park, G-Dragon, More. On Thursday, reports from K-Pop Herald and The Korea Herald claimed BLACKPINK would move to The Black Label for future management, per an insider source. Back in 2021, BLINKS will undoubtedly present a stunning show. MLD Entertainment To Debut New Boy Group HORI7ON: Concept, Date, More Details! also have real estate in this area. "When you take into consideration the scale of the Korean market, itll be hard for [Korean agencies] to handle that kind of offer, " they explained. 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. K-pop market insiders have revealed that YG Entertainment is reportedly preparing to offer millions to BLACKPINK to renew their contract, Koreaboo reported. 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. That amount is more than YGE's entire company-wide profit for 2022 (note that revenue and profit are different things). YG Entertainment lost multiple notable talents at the end of 2022, with all six members of iKON leaving to pursue a contract with another company to continue group promotions, BIGBANGs T.O.P and Daesang leaving to pursue their individual endeavors, while Taeyang moved to YGs subsidiary label THE BLACK LABEL, popular actor Kang Dong Won left to reportedly set up his own agency, and formerTREASUREs Mashiho concluded his contract to focus on his health while Bang Yedam left to focus on his career as a producer. Some A-list artists such as Bae Yong Joon, Lee Seung Gi, etc. Apply to AfreecaTV's "UP TO YOU Season 2" Global K-Pop Idol Audition Today! 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. BLACKPINK member Ros and top star Kang Dong Won neither affirmed nor denied the dating rumours, and . All four members of BLACKPINK are expected to renew their contracts and stay with YG Entertainment . YG Entertainment issued a statement denying recent media reports that Rose and Gang have been dating. when his contract expired and he left the agency. All Rights Reserved. In particular, the quartet who debuted in 2016 will have their respective contracts expire at the end of August. YG entertainment remains to be their record label deal. Kang Dong Won and BLACKPINK's Ros have been caught up in dating rumors, but YG Entertainment, Ros's agency, has taken a cautious stance, stating that the rumors are difficult to confirm. Blackpinks contract with YG Entertainment was set to expire in 2021, however, after much anticipation, YG Entertainment extended the groups contract until 2023. However, attention is. 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. The fact that Ros attended the VIP premiere for . NewJeans' Style Transformation: Rookie Girl Group Barely Recognizable in Airport Attire! BLACKPINK's contract will end in 2023 | Twitter: @jenndynasty THIS Former K-pop Idol is Now University Professor! Media Gives 3 Reasons It 'Won't Be Smooth', Will BLACKPINK Renew Contract With YG? 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. YG Entertainment executives are hoping the group will renew their contract, as they believe the group has the potential to become even bigger and more successful in the future. So, at the moment, all of Blackpink's members have contracts with YG. . As a result of this, the band will have to renew their contracts in 2023, but fans should not be concerned because the members have already stated their intent to do so. As reported by Korea's Yonhap News Agency, Big Hit Entertainment, the K-Pop powerhouse behind BTS, has revealed its intention to invest 70 billion won (approximately $63 million) in rival K-Pop. pic.twitter.com/kWipu5xyuF. They have released several hit singles and albums, with many of their songs reaching the top of the music charts. On September 17, the Korean media outlet Insight reported on the four reasons why fans are considering the possibility of BLACKPINK's disbandment ahead of their contract renewal. In addition, regarding the rumor that BLACKPINK will join The Black Label company, YG has said Unfounded. Chaeyeon Responds To Comment She's 'Less Popular' As Soloist Compared To When She Was in IZ*ONE, SNSD Taeyeon, TWICE Nayeon, NewJeans Hyein Transcend K-pop Generations in Alluring Pictorial, BLACKPINK Jisoo Fashion: Idol's Fancy Styles to Dress Like Royalty. Later on, netizens began to point out various circumstances that the two were dating, including having similar necklaces. But insiders still believe YG Entertainment would have to offer at least 20 billion KRW per member. Lalisa Manobals global influence thickening further in her homeland as well as other Southeast Asian countries is said to be the driving force behind this. Did You Know? YG Entertainment has vehemently denied BLACKPINKs transfer to The Black Label. However, another rumor is spread. 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. 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. Ros debuted as a member of BLACKPINK in 2016 and grew to become one of the top global stars of her generation. Kang Dong Won was a part of the YG Entertainment family, until his contract expired just last December . Copyright 2023 KpopStarz.com. BLACKPINK member Rose is seen in this photo provided by her entertainment agency, YG Entertainment. An earlier rumor has surfaced that while the members will remain as a group, they plan on following in the footsteps of BIGBANG member Taeyang, who signed a contract with agency The Black Label. Copyright 2023 KpopStarz.com. BLACKPINK members Jisoo, Jennie, Ros and Lisa, who are currently on their "Born Pink World Tour," are set to headline Coachella 2023 in April, making them the first K-pop band to headline the music festival. This means that the group has three years left on their contract before they can choose to re-sign or go their separate ways. Blackpink has become arguably the most successful and well-known South Korean girl group in the world as they enter the seventh year of their music career. A photo posted of the idol sparked malicious rumors. Second, the group comprised of Jisoo, Jennie, Lisa and Ros already established a family-like relationship, which is not easy to be destroyed. Girl group BLACKPINK (Jisoo, Jennie, Ros, Lisa) is expected to remain with YG Entertainment as their contract expiration approaches in August. Japan Has Millions of Empty Houses. In addition, Lisa recently bought a real estate property worth 7.5 billion won, proving that she will be staying in Korea in the long-term, and so may have renewed her contract with YG. The report contested that the foursome will sign with The Black Label, headed by producer Teddy who has been a main force behind the group since its debut, as its contract with YG Entertainment comes to an end next year. After completing her engineering, Ayushi followed her passion for journalism and has been a professional writer for over 3 years now. Kim Sae Ron to Appear in Netflixs Bloodhounds Despite DUI Controversy: Minimal Footage Expected, Yoo Yeon Seok to make a special appearance in Dr. for the members should they decide to move to a different agency. However, it cant be denied that there are still questions about their future as a group under YG Entertainment. In addition to the BORN PINK world tour schedule, BLACKPINK is confirmed to perform at the British Summer Time Festival on July 2, 2023. Industry insiders have shared their two bits on this saying that the company is planning on spending a lot to be able to retain the group as well as the girls. From Korean and international media to experts and fans, all have their own speculations about the BLACKPINKs contract status, especially with the girl group being a major earner under YG. The Blackpink girl group was formed by YG Entertainment and is one of South Koreas most popular groups. Drinking, smoking, going out, driving, plastic surgery, and dating are all prohibited as part of the policy. He ended his contract with the agency in December 2022. in accordance with our Privacy Statement. The Largest K-Pop Girl Group World Tour Affects Contract Renewal Decision NakdSeoul Meanwhile, Lisa Leave YG became a trending topic on social media after a number of Lisas fans urged her to leave YG Entertainment. When BLACKPINK officially debuted, 2NE1s activities ended. "We . BLACKPINK made history as the first South Korean K-pop group to headline the 2023 Coachella, and they didnt fail their fans. In August of this year, BLACKPINK's exclusive contract with YG Entertainment will come to an end. When you take into consideration the scale of the Korean market, itll be hard for [Korean agencies] to handle that kind of offer. Some believe YG Entertainment launching Baby Monster is to mitigate the potential failure of closing the renewal deal with BLACKPINK. As is standard for K-Pop contracts, it is reported that BLACKPINKs contract will be ending this year after seven years with YG Entertainment. Thanks to their positive response, their fans have been reassured that the group will not fold anytime soon. According to YG Entertainment, on September 17th, the latest title track from the second full album Born Pink, Shut Down, was the top song on iTunes in 43 countries. The agency of K-pop girl group BLACKPINK's Ros, 26, finally denied the dating rumors between her and actor Gang Dong-won, 42, after issuing a vague statement. Romantic 3Return after 6 years, Lim Ji Yeon Reveals Happy Daily Life After Confirming Relationship with Lee Do Hyun. 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. YG Entertainment has vehemently denied BLACKPINK's transfer to The Black Label. A new group, Square One, released its first album, Square One, in August 2016. For more K-Pop news and updates, keep your tabs open here at KpopStarz. music officials and insiders told the Korean media outlet Star News, Will BLACKPINK Renew Contract With YG? K-Pop girl group Blackpink has taken the world by storm since their debut in 2016. Updated April 17 KST: YG Entertainment has officially denied the dating rumors between BLACKPINK's Ros and Kang Dong Won. Blackpink Contract Rules "We heard that there were six restrictions on the contracts," the . As of this writing, none of the parties involved have confirmed any of the reports. First,. Although there are divided opinions from BLINKs (BLACKPINK fandom) on whether they want the members to stay in YG or move to a better company with a global-scale market, it is said that it's going to work best for both sides if the team will remain. 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. 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