On March 21.3, rumors began to spread that the cost of renewing Blackpink's contract with YG Entertainment for their group activities was over 30 billion won (22,5 million USD).
A netizen also accused the company of extending the contract with the girl group 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 numbers mentioned were not specific to Blackpink. According to a representative of the company, this unit has extended and signed an additional IP contract, and all fees are included in the expense report.
However, they did not reveal details about Blackpink's contract or related costs.
Previously, Blackpink renewed their promotion contract as a group with YG Entertainment in December 12.2023, while their solo promotional activities will take place under their own labels (ie the 4 Blackpink girls will have full rights). solo activities without depending on YG management company).
Currently, 3 members of the Blackpink group have announced the establishment of their own company and new musical and artistic directions. As for member Rosé, it is expected that the company name will be announced in the near future.
