Members To Renew Contract With YG Entertainment
Members of BLACKPINK are negotiating a contract extension with YG Entertainment.
YG Entertainment intends to make the official announcement regarding the renewal in September.
According to reports, the members might get $1.1 million (about Rs. 9.1 crores) upon renewal.
The group's members are supposed to get 80% of the money made through its merchandise, songs, and live performances.
This move is noteworthy since profit-sharing agreements between businesses and artists typically call for a 50-50 split.
According to YG Entertainment, due to the planned global tour performances, the present contract might last through the end of August.
According to rumors, Lisa's contract renewal hasn't gone smoothly, which has led to worry.
Since October 2022, BLACKPINK has been traveling the world, stopping at locations in the West, Europe, and Asia.
The quartet comprises Jennie, Lisa , Jisoo, and Rose.
In 2016, BLACKPINK made its debut.