BLACKPINK the world’s biggest K-Pop female group and it is evident that with their huge success, they get a lot of interest from career management companies. Since last year, rumors intensified that the band is in talks to leave YG Entertainment once their contract expires in August.
Recently, it was revealed that Lisa, a member of the group, is already receiving proposals such as US$81 million to leave her agency. According to the article published by the site M News Nate on Monday, January 23rd, the stakes are high regarding the girls’ contract renewal with their company, which is doing everything possible to keep BLACKPINK under its wing.
#BLACKPINK’s Lisa is reportedly being offered $81 million to leave YG Entertainment. pic.twitter.com/igCrbD5K44
— Pop Tingz (@ThePopTingz) January 23, 2023
Experts in the field say that, in order to continue representing the group, the producer must give a good advance to its members. It is also possible that the group will stay with YG as they own the ‘BLACKPINK’ brand, and, upon breaking the contract, it is not known how this concession would be presented.
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On December 29, rumors spread on the Internet that the girl group might leave YG Entertainment and sign with a partner label, THE BLACK LABEL. The former, however, has already tried to deny the rumors.
[Exclusive] @BLACKPINK would leave YG to join @THEBLACKLABEL. Discussions over the contracts were completed early this year. Read more: https://t.co/SrNJmjNa0Q #BLACKPINK #블랙핑크
— KpopHerald (@Kpop_Herald) December 30, 2022
Until November 2020, the latter was a subsidiary label of the giant YG Entertainment , which meant that the latter owned more than 50% of the former. Since then, however, THE BLACK LABEL has partnered ‘only’ with YG Entertainment , which now owns a smaller share of the label, from 20-50% of the total.
“I am not in a position to confirm the news, but our contracts with the members have not yet been finalized. It is difficult to confirm whether they will sign with THE BLACK LABEL or not after their contracts expire“, said an employee of the company currently managing the group’s career.
