INDIO, CALIFORNIA – APRIL 22: (L-R) Jisoo, Lisa, Jennie, and Rosé of BLACKPINK carry out at the Coachella Stage throughout the 2023 Coachella Valley Music and Arts Festival on April 22, 2023 in Indio, California. (Photo by Emma McIntire/Getty Images for Coachella)
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Shares of K-pop company YG Entertainment climbed up over 3% on Monday after South Korean media reported that woman group Blackpink has actually accepted continue group activities under the label.
According to an unique by South Korean outlet Munhwa Ilbo, specific members will not be restoring their unique agreements with YG however the group accepted continue group activities as Blackpink under the label.
Munhwa Ilbo stated “exclusive contracts between each member and YG Entertainment were not signed. In the future, they plan to carry out individual activities and come together only for Blackpink activities,” according to a Google translation.
The report included that 2 members currently signed an agreement “agreeing to continue Blackpink’s activities,” without calling the members.
It’s the current advancement in a long-running agreement legend including the four-member group comprised of members Jisoo, Jennie, Rosé, and Lisa.
In September, YG shares plunged on 2 events by 9% and 13% when media reports stated 3 members of the hugely popular woman group will not restore their agreements with the label.
On Tuesday recently, YG stated in its quarterly report that Blackpink’s agreement is being worked out, and the business will divulge the outcomes “later.”
Blackpink is probably among YG’s most effective acts, with the business declaring the group’s current world trip brought in 2.11 million individuals around the globe, covering 66 efficiencies in 34 cities.