- Shares of YG Leisure, which manages Okay-pop lady group Blackpink, suffered its largest in the future drop since Sept. 28, 2022, tumbling nearly 9%.
- Based on South Korean media, one of many members, Thailand-born Lisa rejected two affords from YG, with the contract reportedly value 50 billion South Korean gained ($37.6 million).
- Blackpink — made up of members Jisoo, Jennie and Rosé, along with Lisa — has been one in all YG Leisure’s most profitable Okay-pop teams.
- The information comes as Blackpink wraps up its “Born Pink” world tour, in what has been described as the biggest world tour by a Okay-pop lady group,
(L-R) Rosé, Jisoo, Lisa, and Jennie of BLACKPINK carry out on the Coachella Stage in the course of the 2023 Coachella Valley Music and Arts Pageant on April 22, 2023 in Indio, California.
Emma Mcintyre | Getty Photos Leisure | Getty Photos
Shares of Okay-pop company YG Leisure tumbled nearly 9% on Friday after South Korean media reported that Blackpink member Lisa has rejected a contract renewal supply from the company.
The share value tumble is YG’s largest one-day drop since September 28, 2022.
Based on South Korean news outlet Star News, the Thailand-born member has rejected two affords from YG, with the dimensions of the contract reportedly value 50 billion South Korean gained ($37.6 million).
This follows reviews earlier in July that Lisa has “not been capable of finding an settlement” relating to a contract extension with the company.
On the time, South Korean media outlet Newsen reported that YG responded to queries by saying that contract renewal discussions have been underway, however outlet Munhwa Ilbo reported that “it’s recognized 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 one in all YG’s most profitable Okay-pop teams.
The information comes as Blackpink wraps up its “Born Pink” world tour, in what has been described as the largest world tour by a Okay-pop lady group, attracting an estimated 1.5 million individuals over 41 cities because it began in October 2022.
Blackpink will maintain the ultimate two days of the tour on September 16 and 17 in Seoul.
The four-member group debuted with YG in August 2016. As Okay-pop teams sometimes signal seven-year contracts, Blackpink’s contract was anticipated to run out in August, however the company has not confirmed any contract renewals with any of the members.
