50

36

News

YG Entertainment denies speculation about BLACKPINK's contract renewal cost

AKP STAFF
Posted by Germaine-Jay Saturday, March 23, 2024

YG Entertainment denied speculation about BLACKPINK's contract renewal cost.

On March 21, rumors began circulating that BLACKPINK's renewal cost for their contract with YG Entertainment for their group activities exceeded at least 30 billion KRW ($22.5 million USD). One netizen also alleged the label had renewed the girl group's contract for around 10 billion KRW ($7.5 million USD) for each member.

In response, YG Entertainment explained the numbers mentioned were not exclusively spent on BLACKPINK. According to one representative from the label, the agency had renewed and signed more IP contracts, and all the fees were included in the expense reports. However, they did not reveal the details on BLACKPINK's contract or the associated costs.

As previously reported, BLACKPINK renewed their contracts to promote as a group with YG Entertainment in December of 2023, while their solo promotions will occur under separate labels. 

Shop the story
BLACKPINK JENNIE Cover : W KOREA November 2024
$25
LALISA Rockstar Tee
$20
BLACKPINK JENNIE Cover: VOGUE KOREA May 2024
$22
BLACKPINK ROSÉ : Dazed & Confused Korea 2024 Spring Edition
$25
  1. BLACKPINK
16 14,333 Share 58% Upvoted
 
Poppiex8
Poppiex87,233 pts Saturday, March 23, 2024 4
Saturday, March 23, 2024
Does it really matter? In the end it's business, YG knows this and BP knows this. For fans and alike it shouldn't matter what the price was. If YG was willing to pay it, it's their choice and decision and they must think it's worth it. So who are we to decide whether or not it is/isn't?

4 (+4 / -0)
Share

4 more replies

 
Ftghggyuhgredfg
Ftghggyuhgredfg1,987 pts Saturday, March 23, 2024 3
Saturday, March 23, 2024

Blinks being FOS

1 (+2 / -1)
Share

3 more replies

SHOW ALL COMMENTS

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
WINNER, Song Min Ho (Mino)
Baek Jong Won
T-ara, Hyomin, Soyeon
BTS, Jin
P.O., Sulli
 Oh Young Soo
ARTMS
WINNER, Song Min Ho (Mino)
T-ara, Hyomin, Soyeon
Billlie, Moon Sua
BTS, Jin
Billlie, Moon Sua
Baek Jong Won
WINNER, Song Min Ho (Mino)
Kim Soo Hyun, Seo Ye Ji
New Message

SEND