{"id":21538,"date":"2023-09-23T04:09:59","date_gmt":"2023-09-23T04:09:59","guid":{"rendered":"https:\/\/microloannexus.com\/news\/shares-of-yg-tumble-over-13-after-report-three-blackpink-members-will-not-renew-contracts\/"},"modified":"2023-09-23T04:10:00","modified_gmt":"2023-09-23T04:10:00","slug":"shares-of-yg-tumble-over-13-after-report-three-blackpink-members-will-not-renew-contracts","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=21538","title":{"rendered":"Shares of YG tumble over 13% after report three Blackpink members will not renew contracts"},"content":{"rendered":"
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Shares of K-pop agency YG Entertainment tumbled 13.28% on Thursday after South Korean media reported that three of the four members of girl group Blackpink will not sign new contracts with the label.<\/p>\n

The stock closed at hit its lowest level in almost five months and closed at 69,200 won ($51.68) per share , its lowest level since its May 11 close of 66,700 won.<\/p>\n

South Korean outlet Sports Seoul reported, citing “multiple music industry officials,” <\/strong>that members Jisoo, Jennie and Lisa will sign contracts with other labels, while Ros\u00e9 will renew her contract with YG.<\/p>\n

The outlet added that the three members “are in last-minute discussions with a ‘separate yet together’ strategy,” where they will sign with other labels, but spend six months out of the year as part of Blackpink.<\/p>\n

Reuters reported that YG said contract talks are ongoing and nothing has been decided.<\/p>\n

This comes after Thailand-born Lisa allegedly rejected two contract renewal offers from YG last week, with the size of the contract reportedly worth 50 billion South Korean won ($37.6 million).<\/p>\n<\/div>\n

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Blackpink wrapped up its “Born Pink” world tour on Sept. 17 in Seoul, marking the largest world tour done by a K-pop girl group. YG claimed the tour attracted 2.11 million people around the world, spanning 66 performances in 34 cities.<\/p>\n

The group was the first Asian act and K-pop girl group to headline the Coachella festival in the U.S. as well as the\u00a0first K-pop group to headline a major festival in the U.K. at the BST Hyde Park festival.<\/p>\n

Blackpink is also the first girl group to top the Billboard 200, and also holds the Guinness World Record for most-viewed music channel on YouTube for a group.<\/p>\n<\/div>\n

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Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of K-pop agency YG Entertainment tumbled 13.28% on Thursday after South Korean media reported that three of the four members of girl group Blackpink will not sign new contracts with the label. 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