Rumors about YG spending up to 7.7 million USD for each Blackpink member After the release of the 2023 financial report, it became a hot topic online. On March 21, YG Entertainment released its financial report for 2023, in which a huge amount of 41 billion won (nearly 30.8 million USD) was recorded in the “Special Payment” category. .
How much did Blackpink receive as a bribe to re-sign the contract?
According to Xports News, this is a deposit to recruit artists to sign an exclusive contract with the company. Last year, YG did not sign new or extended contracts with any artists, leading to media speculation about where this money was spent. 4 members of Blackpink to re-sign the contract.
“Blackpink re-signed with YG in December 2023, but have not announced any activities with the audience yet. Photo: YG
Xports News believes that, if this information is accurate, Jennie, Lisa, Rosé and Jisoo will receive more than 10 billion won (about 7.7 million USD) each. The online community is “exciting” at this information and many people are asking questions about the length of the contract between Blackpink and YG.
Currently, YG remains silent on all related information. At the end of 2023, YG confirmed that Jennie, Lisa, Rosé and Jisoo will continue to be members of Blackpink and an exclusive contract with this group has been signed.
A company spokesperson said: “We have completed the renewal of exclusive contracts for all 4 Blackpink members, artists under the company, based on strong trust after careful discussion. with the group”.
The group’s plans include releasing a new album and going on a global tour. However, none of these four members have renewed their individual contracts with YG, which means their personal activities will be managed by other agencies.
The public’s attention is focused on Blackpink’s moves when embarking on individual activities. Since debuting in 2016, Blackpink has been active globally and has become the top girl group in K-pop.
In particular, they confidently asserted that they were the K-pop group that generated the most revenue through touring last year. According to Billboard, revenue from last year’s world tour amounted to approximately 190 billion won, ranking them 10th in terms of tour revenue.
Currently, Blackpink is preparing for the 2nd stage of their careers from their respective abilities. However, even though he is actively engaged in personal activities, his activities plan Blackpink group has not yet been revealed, making fans somewhat disappointed.
A music industry official commented: “Even though Blackpink is only 8 years old, they mainly focus on album activities and overseas activities through touring, so they haven’t had many opportunities to meet domestic fans.” .