YG Entertainment shuts down rumors about BLACKPINK’s 41 billion KRW down payment for contract renewal

YG Leisure has denied all speculations that claim they’ve no longer elevated BLACKPINK’s rate to 41 million KRW for their contract renewal. The rumors stemmed from the firm’s monetary document, which changed into as soon as revealed a couple of days ago, where they made a hefty down price. The netizens concluded that the price changed into as soon as made to the girl community for their contract renewal.

YG Leisure denies paying BLACKPINK 41 billion received

On March 22, 2024, YG denied reports declaring that they’d made a downpayment of 41 billion received to BLACKPINK. Discussions for the community’s contract renewal have confidence been occurring since final year which resulted in the rise of reasonably a good deal of rumors. The most up-to-date speculation that dropped changed into as soon as the agency elevated the community’s rate to a definite amount and has already made the downpayment.

On March 21, 2024, YG Leisure released its monetary document, which states that it made a downpayment of 41 million received to map a definite community. For the length of the signing of an queer contract with a particular artist, an amount is paid to seal the deal. Furthermore, the firm had no longer signed any new artists in 2023, and all the things indicated that the amount changed into as soon as paid to BLACKPINK. BABYMONSTER did no longer topple under this class, as they’d already planned to debut for an extraordinarily lengthy time.

The news started going around, and netizens concluded that BLACKPINK changed into as soon as the artist for whom YG paid that quantity. On the replacement hand, the agency has explicitly denied the claims and states that the amount changed into as soon as no longer paid to BLACKPINK by myself, and the expense included many diverse contract renewals. Even despite the undeniable fact that they’d seemingly perhaps no longer existing recordsdata referring to the community’s contract renewal, they may be able to confirm this particular news.

BLACKPINK community and solo actions

BLACKPINK released their 2nd studio album, Born Crimson, alongside the hit single Shut Down on September 16, 2022. After the delivery, the community went on the Born Crimson World Tour, starting in Seoul on October 15, 2022. Currently, the contributors have confidence been specializing in their solo endeavors and few of the contributors have confidence established their very have confidence businesses.

Jisoo’s established her agency, Blisoo. Lisa additionally launched that she can stick with it her particular particular person actions from her have confidence firm named Lloud, and Jennie revealed her have confidence firm, Odd Atelier. Rosé stays the handiest member who has no longer launched her solo future plans but. The four contributors will stick with it their community actions under YG Leisure.

Glance Shut Down song video