BLACKPINK Received This Whopping Amount For Renewing Contract With YG Entertainment

BLACKPINK was in headlines all through end of last year for ir contract renewal with ir ncy YG Entertainment. While group relieved ir fans by signing contract reby putting a rest to disbandment rumours, quartet went out of company for ir individual projects. 

Jennie and Lisa established ir own company and Jisoo signed with her bror’s company for ir individual activities. w, rumours claim that YG paid a humongous amount to BLACKPINK for ir group contract renewal. 

BLACKPINK paid in billions wons for contract renewal

YG Entertainment disclosed in its financial report, which was made public on March 21, 2024, that it had paid 41 billion KRW (approximately Rs 250 crores) won to acquire a certain group. When an artist is required to sign an exclusive contract with corporation, company pays m a specific amount for working with m. 

Industry sources and fans are certain that this money has been given to BLACKPINK as or than table contract extension of group, YG's artist roster only saw arrival of BABYMONSTER last year. Since re have been or documented re-signings or new artist signings outside of BLACKPINK, it is estimated that each member of group may have gotten up to about 10 billion KRW (approximately Rs 63.5 crores) each. 

Why did BLACKPINK t renew ir contract for solo activities?

In December last year, YG Entertainment officially anunced that Lisa, Jennie, Rose, and Jisoo would t renew ir contracts or extend ir individual contracts for solo projects under label. However, y renewed ir group contract with ncy. 

statement read, "Hello, this is YG Entertainment. BLACKPINK recently renewed ir contracts with YG for ir group activities, and we have agreed t to proceed with additional contracts for [ members’] individual activities. We will do our utmost to support BLACKPINK’s activities, and we will cheer on members’ individual activities with warm hearts. Thank you."