BLACKPINK was within the headlines all by means of the top of final yr for his or her contract renewal with their company YG Entertainment. While the group relieved their followers by signing the contract thereby placing a relaxation to disbandment rumours, the quartet went out of the corporate for his or her particular person tasks. 

Jennie and Lisa established their very own firm and Jisoo signed together with her brother’s firm for his or her particular person actions. Now, the rumours declare that YG paid a humongous quantity to BLACKPINK for his or her group contract renewal. 

BLACKPINK paid in billions wons for contract renewal

YG Entertainment disclosed in its monetary report, which was made public on March 21, 2024, that it had paid 41 billion KRW (roughly Rs 250 crores) gained to amass a sure group. When an artist is required to signal an unique contract with the company, the corporate pays them a certain quantity for working with them. 

Industry sources and followers are sure that this cash has been given to BLACKPINK as apart from the notable contract extension of the group, YG’s artist roster solely noticed the arrival of BABYMONSTER final yr. Since there have been no different documented re-signings or new artist signings outdoors of BLACKPINK, it’s estimated that every member of the group could have gotten as much as about 10 billion KRW (roughly Rs 63.5 crores) every. 

Why did BLACKPINK not renew their contract for solo actions?

In December final yr, YG Entertainment formally introduced that Lisa, Jennie, Rose, and Jisoo wouldn’t renew their contracts or prolong their particular person contracts for solo tasks below the label. However, they renewed their group contract with the company. 

The assertion learn, “Hello, this is YG Entertainment. BLACKPINK recently renewed their contracts with YG for their group activities, and we have agreed not to proceed with additional contracts for [the members’] individual activities. We will do our utmost to support BLACKPINK’s activities, and we will cheer on the members’ individual activities with warm hearts. Thank you.”