INDIO, CALIFORNIA – APRIL 22: (L-R) Rosé, Jennie, Jisoo, and Lisa of BLACKPINK complete at the Coachella Stage for the duration of the 2023 Coachella Valley Audio and Arts Pageant on April 22, 2023 in Indio, California. (Photo by Emma McIntyre/Getty Pictures for Coachella)
Emma Mcintyre | Getty Pictures Entertainment | Getty Images
Shares of K-pop agency YG Amusement tumbled 13.28% on Thursday after South Korean media documented that a few of the four associates of female team Blackpink will not sign new contracts with the label.
The stock closed at hit its most affordable degree in virtually five months and closed at 69,200 won ($51.68) for every share , its cheapest amount given that its Might 11 close of 66,700 received.
South Korean outlet Athletics Seoul reported, citing “numerous tunes market officers,” that customers Jisoo, Jennie and Lisa will sign contracts with other labels, while Rosé will renew her contract with YG.
The outlet added that the a few customers “are in previous-moment conversations with a ‘separate nevertheless together’ approach,” exactly where they will indication with other labels, but invest 6 months out of the yr as aspect of Blackpink.
Reuters reported that YG reported contract talks are ongoing and very little has been resolved.
This comes after Thailand-born Lisa allegedly rejected two agreement renewal gives from YG final week, with the size of the agreement reportedly well worth 50 billion South Korean won ($37.6 million).
Blackpink wrapped up its “Born Pink” planet tour on Sept. 17 in Seoul, marking the greatest globe tour accomplished by a K-pop girl group. YG claimed the tour captivated 2.11 million folks all over the environment, spanning 66 performances in 34 cities.
The team was the to start with Asian act and K-pop woman group to headline the Coachella competition in the U.S. as well as the first K-pop team to headline a key competition in the U.K. at the BST Hyde Park pageant.
Blackpink is also the initially woman team to major the Billboard 200, and also holds the Guinness World Record for most-seen audio channel on YouTube for a team.
