BLACKPINK credit YG Leisure
The renewal of BLACKPINK’s contract has change into a distinguished subject of debate, given the numerous influence it may have on each the group’s future and YG Leisure. Current rumors, significantly these suggesting that Lisa may not proceed with the corporate, led to a notable decline in YG Leisure’s shares earlier this month. Having debuted in August 2016, the expiration of their earlier contract this yr provides an additional layer of significance to the decision-making course of for the group’s members. However until now its company YG Leisure has maintained a stagnant stance with the reply of “Nothing has been confirmed.” The prolonged delay in renewing BLACKPINK’s contract by YG Leisure has heightened market mistrust. NH Funding & Securities has emphasised that it’s essential for the leisure firm to promptly disclose its official place on the matter.
BLACKPINK’s contract standing requested
On the twenty sixth, NH Funding & Securities highlighted the escalated market mistrust ensuing from YG Leisure’s extended delay in renewing BLACKPINK’s contract. The agency emphasised the need for an instantaneous, clear official assertion reasonably than the imprecise updates supplied by YG Leisure so far. In keeping with an analyst at Hyundai Securities, the chance of YG re-signing all 4 members is low. Nevertheless, they anticipate that some members will probably re-sign, permitting BLACKPINK to proceed as an entire group. If three members select to resume, gross sales are estimated to stay at 70-80%, but when the quantity is lower than three, gross sales might drop under 50%. The analyst underscored that it could be a major detrimental issue for YG Leisure until all members are re-signed.
Furthermore, the influence on the broader Okay-pop trade is predicted to be restricted if BLACKPINK doesn’t re-sign. Whereas BLACKPINK at present holds a considerable share when it comes to trade efficiency (12%), working revenue (10%), and album gross sales (3%), the analyst means that the Okay-pop trade has grown giant sufficient that the affect of particular person prime artists is now comparatively insignificant.
The persistent delays haven’t solely impacted BLACKPINK’s contract renewal however have additionally posed challenges for the debut of the upcoming YG Leisure group, BABY MONSTER. Within the third quarter, the general consolidated gross sales of YG Leisure closely depend on BLACKPINK and TREASURE, the company’s Boy Group. The substantial portion of gross sales is attributed to BLACKPINK’s latest world excursions, which had been among the many largest ever carried out.
BLACKPINK’s important affect on the corporate’s general gross sales and revenue is plain. The uncertainty surrounding the contract renewal has created unease amongst buyers who’re eager to obtain immediate clarification on whether or not BLACKPINK will proceed with the company. The potential departure of BLACKPINK may certainly result in a notable distinction for the company out there, making it essential for buyers to have readability on the scenario.
Extra on BLACKPINK’s contract
In keeping with studies launched on September 25, there are indications that BLACKPINK members Jisoo and Jennie are contemplating establishing their very own particular person businesses. The members are reportedly in ongoing discussions with the corporate concerning the renewal of their contract for group actions, whereas the proposed particular person businesses could be devoted to their solo endeavors.
In response to those studies, YG Leisure said that nothing has been conclusively finalized concerning BLACKPINK’s future actions and contract. The corporate emphasised that negotiations and discussions regarding the contract renewal are nonetheless in progress.
Earlier, on September 21, there have been studies suggesting that Rosé is about to stay with YG Leisure, whereas Lisa, Jisoo, and Jennie may be part of totally different businesses. Lisa has purportedly obtained profitable provides from worldwide businesses, and Jisoo, following her success within the drama Snowdrop, has attracted important investor curiosity. The studies indicated that members would have interaction in group actions for the following six months whereas additionally pursuing solo tasks. Nevertheless, these rumors led to substantial drops within the firm’s inventory worth. YG Leisure responded by the sooner assertion, saying that nothing has been definitively determined at this level.
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