GROUPSNEWS

YG Entertainment Denies Speculation on BLACKPINK’s Contract Renewal Cost

Mason Turner
By MASON TURNER | | 1 min read
Thread
↻ Last updated:

YG Entertainment has refuted rumors regarding the speculated cost of BLACKPINK’s contract renewal. On March 21, speculations surfaced suggesting that the renewal fee for BLACKPINK’s contract with YG Entertainment surpassed 30 billion KRW ($22.5 million USD).

Additionally, a netizen claimed that the label had renegotiated the contracts for each member of the girl group for approximately 10 billion KRW ($7.5 million USD).

BLACKPINK (Credit: YouTube)

In response, YG Entertainment clarified that the mentioned figures were not solely allocated to BLACKPINK.

A representative from the label stated that the agency had renewed and inked several intellectual property (IP) contracts, and the total fees were encompassed in the financial reports. However, specific details regarding BLACKPINK’s contract or its costs were not disclosed.

As previously disclosed, BLACKPINK extended their group promotion contracts with YG Entertainment in December 2023, while their individual endeavors will be managed by different labels.

Written by Mason Turner Senior Editor Kpop, Content, Strategy, Trends, Fandom, Reviews, Publishing Mason Turner has 8 years of experience in editorial management and holds a degree in Communications with certification in digital publishing and workflow optimization.

Mason Turner manages K-pop editorial output with an emphasis on structure, consistency, and publication efficiency. He refines content pipelines, ensuring articles meet accuracy and formatting standards before release. His approach integrates editorial judgment with performance data to maintain relevance across topics. He focuses on scalable processes that support high volume publishing without compromising quality.

View all 658 posts by Mason Turner

THREAD

Share your take. All comments are held for review before appearing.

Be the first to share your thoughts.

RECOMMENDED