BLACKPINK Members To Renew Contract With YG Entertainment

Members of BLACKPINK are negotiating a contract extension with YG Entertainment.

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YG Entertainment intends to make the official announcement regarding the renewal in September.

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According to reports, the members might get $1.1 million (about Rs. 9.1 crores) upon renewal.

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The group's members are supposed to get 80% of the money made through its merchandise, songs, and live performances.

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This move is noteworthy since profit-sharing agreements between businesses and artists typically call for a 50-50 split.

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According to YG Entertainment, due to the planned global tour performances, the present contract might last through the end of August.

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According to rumors, Lisa's contract renewal hasn't gone smoothly, which has led to worry.

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Since October 2022, BLACKPINK has been traveling the world, stopping at locations in the West, Europe, and Asia.

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The quartet comprises Jennie, Lisa , Jisoo, and Rose.

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In 2016, BLACKPINK made its debut.

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