Recently, according to Korean media reports, due to the ongoing tour, news about BLACKPINK’s contract renewal is unlikely to appear this month. Judging from past cases (the situation of YG artists), the news may not be announced until after September.
According to the securities industry on the 3rd, considering BLACKPINK’s debut date (August 8, 2016), the time for whether to renew the contract is the 8th. However, considering BLACKPINK’s world tour schedule at the end of August, many people think that the contract renewal is very promising. It is estimated that BLACKPINK accounts for more than 80% of YG Entertainment’s operating profit. Therefore, some companies said, “After BLACKPINK announces the renewal of the contract on the 8th, they will re-evaluate the company’s value.”
Cha Youmi, a security researcher at Mirae Asset, said, “Considering the deposits of bigbang (YG, 1 billion won per capita) and TWICE (JYP, 1.2 billion won per capita), BLACKPINK’s per capita renewal deposit will also be between 1 billion and 15 billion won. 100 million won (about 5.5-8.3 million yuan).”
Original Title: BLACKPINK and YG Contract Renewal Contract Payment Approximately KRW 1.5 Billion
Editor in charge: Li Xiaoling
