(L-R) Rosé, Jisoo, Lisa, and Jennie of BLACKPINK conduct at the Coachella Stage during the 2023 Coachella Valley Songs and Arts Festival on April 22, 2023 in Indio, California.
Emma Mcintyre | Getty Photos Amusement | Getty Images
Shares of K-pop agency YG Entertainment tumbled pretty much 9% on Friday soon after South Korean media documented that Blackpink member Lisa has rejected a deal renewal give from the company.
The share rate tumble is YG’s major one-day fall considering the fact that September 28, 2022.
In accordance to South Korean news outlet Star Information, the Thailand-born member has rejected two gives from YG, with the dimensions of the deal reportedly worthy of 50 billion South Korean won ($37.6 million).
This follows reports earlier in July that Lisa has “not been ready to obtain an agreement” about a deal extension with the agency.
At the time, South Korean media outlet Newsen reported that YG responded to queries by indicating that agreement renewal discussions ended up underway, but outlet Munhwa Ilbo documented that “it is acknowledged that the distinction in between the two sides is very large.”
Blackpink — produced up of users Jisoo, Jennie and Rosé, in addition to Lisa — has been 1 of YG’s most successful K-pop teams.
The information will come as Blackpink wraps up its “Born Pink” entire world tour, in what has been described as the premier entire world tour by a K-pop female team, attracting an estimated 1.5 million people today over 41 metropolitan areas since it started off in Oct 2022.
Blackpink will hold the closing two times of the tour on September 16 and 17 in Seoul.
The four-member team debuted with YG in August 2016. As K-pop groups commonly indication seven-calendar year contracts, Blackpink’s deal was envisioned to expire in August, but the company has not confirmed any agreement renewals with any of the users.