YG denies spending hundreds of billions of dong to renew contract with Blackpink

Girl group Blackpink. Photo: AllKpop.

On March 21, rumors began to spread that the cost of Blackpink's contract renewal with YG Entertainment for their group activities was over 30 billion won ($22.5 million).

A netizen also accused the company of renewing the girl group's contract for about 10 billion won (7.5 million USD, equivalent to about 187 billion VND) for each member.

In response, YG Entertainment explained that the figures mentioned were not specific to Blackpink. According to a representative of the label, the unit has renewed and signed additional IP contracts, and all fees are included in the expense report.

However, they did not disclose details about Blackpink's contract or related costs.

Previously, Blackpink renewed their group promotion contract with YG Entertainment in December 2023, while their solo promotions will take place under their own labels (ie the 4 Blackpink girls will have full rights to solo activities without depending on YG management company).

Currently, 3 members of Blackpink have announced the establishment of their own companies and have new musical and artistic directions. Member Rosé is expected to announce the company name in the near future.

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