INDIO, CALIFORNIA – APRIL 22: Jennie, Jisoo, Lisa, and Rosé of BLACKPINK carry out on the Coachella Degree throughout the 2023 Coachella Valley Track and Arts Competition on April 22, 2023 in Indio, California. (Photograph through Emma McIntyre/Getty Pictures for Coachella)
Emma Mcintyre | Getty Pictures Leisure | Getty Pictures
Stocks of Okay-pop control company YG Leisure dropped virtually 7% after experiences emerged that the contract renewal for a member of lady team Blackpink is doubtful.
YG stocks traded at 73,900 Korean gained at 2.41pm KST. At this stage, the inventory is at its lowest since Might 11, when it closed at 66,700 Korean gained apiece.
Consistent with an unique record through South Korean media outlet Munhwa Ilbo, Thailand-born member Lisa has “now not been ready to seek out an settlement” referring to a freelance extension with YG Leisure.
South Korean media outlet Newsen additionally reported that YG Leisure answered to queries through announcing that contract renewal discussions had been underway, however Munhwa Ilbo reported that “it’s recognized that the variation between the 2 aspects is relatively huge.”
Blackpink — made up of individuals Jisoo, Jennie and Rosé, along with Lisa — has been one in all YG Leisure’s maximum a hit Okay-pop teams.
The 4 member team debuted with YG in August 2016. As Okay-pop teams in most cases signal seven-year contracts, Blackpink’s contract is predicted to run out in August.
Mentioning an “trade insider,” Munhwa Ilbo additionally reported that “YG’s contract renewal procedure with the remainder 3 individuals of Blackpink is continuing rather easily.”
The crowd was once the primary Asian act and Okay-pop lady team to headline the Coachella competition within the U.S., and the first Okay-pop band to headline a big competition within the U.Okay. on the BST Hyde Park competition.
Blackpink additionally holds the Guinness Global Report for most-viewed song channel on YouTube for a bunch, beating out U.S. pop band Maroon 5 in April.
— CNBC’s Chery Kang contributed to this record.