BIackPink signed Renewal contract with YG
As the news of Blackpink signed renewal contract with YG, people commented, “YG turned off the urgent fire.”
Black Pink has signed another exclusive contract with YG. When the news of the renewal of the contract broke out YG stock sale price went up high, as BlackPink is the main brand that YG has. However, as the global recognition of not only the group but also each member is considerable, attention is focusing on when and how the entire group will continue its activities in the future. Most of people have curiosity on if the company is capable to take care of BlackPink quality.
Yang Hyun Suk, the former executive producer, even made a comment on the renewal of the contract. “I’m happy to continue our relationship with BLACKPINK.” ‘We will give unwavering support and trust them so BLACKPINK can continue its activities as they are now in the global market.”
Risky Days of YG entertainment
Whether BLACKPINK will fully renew its contract was a hot topic in the music industry this year. The members’ contracts expired in August, but there was no announcement on their respective positions. YG only repeated that they were “discussing.” Since BLACKPINK was YG’s main source, this move has raised uncertainty surrounding YG. YG was having a risk for sure.
YG’s new girl group BabyMonster was revealed after seven years from BlackPink debut. However, they are too new that the group is not yet to gain profit, but it is time for YG to invest. Not just that, but former executive producer Yang also had a flurry of unresolved major issues, including filing an appeal to the Supreme Court on charges of retaliatory threats.
In this atmosphere, the majority say that YG has completed its big homework for now. Blackpink signed renewal contract. An industry source said, “Black Pink’s renewal of contract was the biggest factor in YG’s uncertainty.” As the group Blackpink picked the agency as their representative for once again, YG can make a future once again.
BlackPink future Group Activities
Blackpink’s future activities are unknown in detail. Usually, the biggest variable of renewing a group contract is the popularity of each member. The average contract period is two to three years, but always contract period is different for every group. It gets shorter as how much they have certain source of revenue. This is why some observers say that Blackpink’s entire members may not sign the contract because they are highly recognized and active in individual activities worldwide. In fact, Blackpink is very active in their own activities, and some even observed that they might continue its group activity, but not with YG as YG is in risk. As they promised to go with YG, YG has turned off urgent fire. But it needs to be observed more, how long and how much chance YG will get from BLACK PINK.
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