{"id":99260,"date":"2023-12-25T13:22:39","date_gmt":"2023-12-25T21:22:39","guid":{"rendered":"https:\/\/www.musicmundial.com\/en\/?p=99260"},"modified":"2023-12-25T13:22:39","modified_gmt":"2023-12-25T21:22:39","slug":"yg-entertainment-loses-64-million-after-g-dragon-leaves-the-company","status":"publish","type":"post","link":"https:\/\/www.musicmundial.com\/en\/yg-entertainment-loses-64-million-after-g-dragon-leaves-the-company\/","title":{"rendered":"YG Entertainment loses $64 million after G-Dragon leaves the company"},"content":{"rendered":"<p>Since December 22nd, <strong>YG Entertainment<\/strong>&#8216;s shares have been heavily affected, causing <strong>losses of up to 64 million dollars<\/strong>, marking a 5.11% decline and maintaining a downward trend for more than 4 consecutive days, all this after the <strong>departure<\/strong> of the singer <strong>G-Dragon<\/strong> from the company.<\/p>\n<p>After <strong>Galaxy Corporation<\/strong> shared information about its merger with G-Dragon, YG Entertainment&#8217;s stock began to see red numbers, causing an <strong>abysmal decline<\/strong> in the <strong>company&#8217;s market capitalization<\/strong>, which has undoubtedly caused panic among other investors.<\/p>\n<p>Moreover, this would not be the first time that YG Entertainment&#8217;s shares are affected by G-Dragon&#8217;s decisions; this company was in <strong>crisis<\/strong> after losing more than 130 million dollars in market capitalization value after the idol announced that he would not renew his <strong>exclusivity contract<\/strong>.<\/p>\n<figure class=\"wp-block-pullquote\">\n        <blockquote hcb-fetch-image-from=\"https:\/\/twitter.com\/8KLIFE\/status\/1738156412289568873\" class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Since G-Dragon cleared him and sign contract with Galaxy, YG Entertainment stocks been falling down non stop for 4 days now, losing -5% and its still going down. <a href=\"https:\/\/t.co\/2b7L0RIYHp\">pic.twitter.com\/2b7L0RIYHp<\/a><\/p>\n<p>&mdash; KLIFE (@8KLIFE) <a href=\"https:\/\/twitter.com\/8KLIFE\/status\/1738156412289568873?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">December 22, 2023<\/a><\/p><\/blockquote>\n        <\/figure>\n        \n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>It should be noted that G-Dragon made the decision not to renew with YG Entertainment because, when he was going through one of the most <strong>difficult moments of his career<\/strong>, the agency <strong>turned its back on him<\/strong>. On the contrary, Galaxy Corporation gave him all the help they had available so that the singer could overcome the situation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since December 22nd, YG Entertainment&#8216;s shares have been heavily affected, causing losses of up to 64 million dollars, marking a 5.11% decline and maintaining a downward trend for more than 4 consecutive days, all this after the departure of the singer G-Dragon from the company. After Galaxy Corporation shared information about its merger with G-Dragon, [&hellip;]<\/p>\n","protected":false},"author":2817,"featured_media":99319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2264,16],"tags":[1041],"class_list":{"0":"post-99260","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entertainment","8":"category-kpop","9":"tag-g-dragon"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/posts\/99260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/users\/2817"}],"replies":[{"embeddable":true,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/comments?post=99260"}],"version-history":[{"count":0,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/posts\/99260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/media\/99319"}],"wp:attachment":[{"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/media?parent=99260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/categories?post=99260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/tags?post=99260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}