On December 6, Naver News reported that YG Entertainment (YGE) had confirmed signing an unique group contract with the 4 members of BLACKPINK. In addition, YG introduced that each events determined to increase the group contract and keep it up selling BLACKPINK as a quartet after cautious deliberation.

Meanwhile, the company’s unique particular person contracts with Jisoo, Lisa, Jennie, and Rosé weren’t talked about in YG’s announcement, nor have been the specifics of the brand new group deal revealed. Reportedly, the person contracts are nonetheless up for negotiation, in keeping with Yonhap News, a South Korean information company.

The announcement has left the fandom divided, with one fan writing on X (previously Twitter), “Is this good?”

Since August 2023, when their prior contracts ended, BLACKPINK and YG Entertainment have been engaged in ongoing discussions, inflicting followers to fret about the way forward for the PINK VENOM group.

Now, the revelation in regards to the particular person contracts which have but to be formalized has heightened tensions. According to Munhwa Ilbo, Lisa is being speculated to separate methods with YG Entertainment whereas negotiations are ongoing with different members.

“World tour in 2024”: Despite being divided, the fandom collectively rejoiced as YGE hinted at BLACKPINK’s new album launch & a worldwide tour

Apropos the newest developments, YG Entertainment confirmed that BLACKPINK intends to do a worldwide tour quickly and launch a brand new album. Although particulars of the contract renewal, together with its length and situations, have been saved confidential within the December 6 announcement, followers are past ecstatic to be taught that the world-famous group is engaged on a brand new album launch.

After the quartet efficiently launched their album Born Pink in September 2022, it peaked at primary on the US Billboard 200 major album chart. Then, over almost a 12 months, they demonstrated the large crowd-pulling energy of any Okay-pop lady group, partaking 1.8 million folks with 66 exhibits in 34 places throughout the globe with their world tour, BORN PINK.

In addition, the BORN PINK world tour made over $260.6 million ($260,597,475) in earnings, in keeping with the supply, Touring Data (@touringdata), an impartial supply that publishes BoxScores reporting, worldwide live performance grosses, and gives reside leisure statistics. Hence, the curiosity of followers’ is piqued by the brand new album drop and world tour trace from YG Entertainment.

To add to the joy of BLINKS, on December 6, group member Rosé posted on Weverse and acknowledged that the group will at all times be collectively and that she is glad that the “news is out.” She additional added that she has coated a Christmas music for her followers, which can come out quickly.

“BLINK, I’m so sorry we kept you waiting but I’m so happy the news is out. are you…? BLACKPINK will always be together, don’t worry… let’s walk the flowery path together okay…!!!?? Always stay with us I love you. I covered a Christmas song, should I post it?,” Rose added.

The information that the Okay-pop big’s main performer would stick with the company as a gaggle despatched inventory costs skyrocketing. On December 6, 2023, YG’s share value opened in the marketplace at 48,000 KRW ($36.57), its lowest worth since January 2023, then surged to 61,900 KRW ($47.16), a 29% enchancment.

Previously, the information of YG Entertainment being unable to increase its contract with the members of BLACKPINK had resulted within the company’s stock falling precipitously in September 2023. Daily Sports Seoul, a Korean information outlet, reported again then that three of the group’s members, Jennie, Jisso, and Lisa, have been purported to depart YG and would solely come collectively to advertise group actions.

Several followers rejoiced that Jennie, Jisoo, Lisa, and Rosé had renewed their group contract with the corporate and took to social media to share their happiness.

However, a number of BLINKS expressed their dissatisfaction with the information as effectively. In the wake of persistent rumors earlier that the members of BLACKPINK wouldn’t be extending their contract with YG Entertainment, the group’s followers took to a web based Korean discussion board in September 2023. They voiced their dissatisfaction with the document label and the way it has treated them poorly by releasing only a few songs within the seven years since their 2016 debut.

The identical points have been highlighted not too long ago, with many specializing in how particular person contracts have been nonetheless not formalized. Per a YG consultant,

“Individual contracts are still being negotiated.”

Furthermore, followers additionally mentioned how, although the feminine group is extraordinarily profitable and well-liked, it turns into extra clear how little they launched songs when contemplating their restricted music library by way of album releases compared to other artists.

Previous studies by South Korean media shops have speculated that the 4 celebrities are free to start out impartial careers with different administration in the event that they resolve to not prolong their exclusive individual contracts with YG Entertainment. This implies that their collective performances would solely happen when their schedules permitted it.