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☆ Blackpink renews group contracts with agency, YG shares spike 29%
▼ + stars: | 2023-12-06 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

(Photo by Victoria Jones - Pool/Getty Images)Shares of K-pop agency YG Entertainment spiked as much as 29% after the company announced that it has renewed exclusive group contracts with all four members of girl group Blackpink. The stock closed at 48,000 South Korean won ($36.58) per share on Tuesday, near its 2023 low of 47,000 won. But on Wednesday, it surged at the open and hit an intraday high of 61,900 South Korean won per share. This could bring an end to the long running contract saga between the popular K-pop group and the agency. Shares of YG previously plunged each time South Korean media reported that members of the group will not renew with the label.

Persons: Lisa, Lalisa, Rose, Roseanne Park, Jisoo Kim, Jennie Kim, King Charles III, Yoon Suk Yeol, Kim Keon Hee, Victoria Jones Organizations: COP26, YG Entertainment, South Korean, YG, Munhwa Ilbo Locations: ENGLAND, British, Glasgow, London, England, South Korea, South Korean

☆ Blackpink's contract renewal sent YG shares on a wild ride. Why K-pop contracts matter
▼ + stars: | 2023-11-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(Photo by Emma McIntyre/Getty Images for Coachella)In the oversaturated K-pop music scene, groups come as quickly as they go. Most contract renewals take place without much fanfare — but not for Blackpink, one of the biggest girl groups in the world. When members of the girl group were due to renew their contracts, shares of their label YG Entertainment went on a wild ride. In September, shares of the Kosdaq-listed YG Entertainment plunged on two separate occasions. Shares of YG climbed about 3% on that news.

Persons: Jennie, Jisoo, Lisa, Emma McIntyre Organizations: Coachella, Valley Music, Arts Festival, YG Entertainment, Ilbo, YG Locations: INDIO , CALIFORNIA, Indio , California, Korean

☆ YG Entertainment shares climb 3% after Blackpink reportedly agrees to continue as a group
▼ + stars: | 2023-11-20 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(Photo by Emma McIntyre/Getty Images for Coachella)Shares of K-pop agency YG Entertainment climbed over 3% on Monday after South Korean media reported that girl group Blackpink has agreed to continue group activities under the label. According to an exclusive by South Korean outlet Munhwa Ilbo, individual members will not be renewing their exclusive contracts with YG but the group agreed to continue group activities as Blackpink under the label. In the future, they plan to carry out individual activities and come together only for Blackpink activities," according to a Google translation. The report added that two members already signed a contract "agreeing to continue Blackpink's activities," without naming the members. It's the latest development in a long-running contract saga involving the four-member group made up of members Jisoo, Jennie, Rosé, and Lisa.

Persons: Lisa, Jennie, Emma McIntyre, Blackpink, Munhwa Ilbo, Jisoo, Rosé Organizations: Coachella, Valley Music, Arts Festival, YG Entertainment, South, Munhwa Ilbo, YG, Munhwa Locations: INDIO , CALIFORNIA, Indio , California

☆ Shares of K-pop agency plunge 9% after Blackpink member reportedly rejects contract renewal offer
▼ + stars: | 2023-09-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(L-R) Rosé, Jisoo, Lisa, and Jennie of BLACKPINK perform at the Coachella Stage during the 2023 Coachella Valley Music and Arts Festival on April 22, 2023 in Indio, California. Shares of K-pop agency YG Entertainment tumbled almost 9% on Friday after South Korean media reported that Blackpink member Lisa has rejected a contract renewal offer from the agency. According to South Korean news outlet Star News, the Thailand-born member has rejected two offers from YG, with the size of the contract reportedly worth 50 billion South Korean won ($37.6 million). This follows reports earlier in July that Lisa has "not been able to find an agreement" regarding a contract extension with the agency. At the time, South Korean media outlet Newsen reported that YG responded to queries by saying that contract renewal discussions were underway, but outlet Munhwa Ilbo reported that "it is known that the difference between the two sides is quite large."

Persons: Lisa, Jennie, BLACKPINK, YG Organizations: Coachella, Valley Music, Arts Festival, YG Entertainment, South, Star, YG, South Korean, Munhwa Ilbo Locations: Indio , California, South Korean, Thailand, Korean

☆ K-pop stock falls 7% amid questions over Blackpink member's contract renewal
▼ + stars: | 2023-07-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(Photo by Emma McIntyre/Getty Images for Coachella)Shares of K-pop management agency YG Entertainment dropped almost 7% after reports emerged that the contract renewal for a member of girl group Blackpink is in doubt. YG shares traded at 73,900 Korean won at 2.41pm KST. At this level, the stock is at its lowest since May 11, when it closed at 66,700 Korean won apiece. According to an exclusive report by South Korean media outlet Munhwa Ilbo, Thailand-born member Lisa has "not been able to find an agreement" regarding a contract extension with YG Entertainment. Blackpink — made up of members Jisoo, Jennie and Rosé, in addition to Lisa — has been one of YG Entertainment's most successful K-pop groups.

Persons: Jennie, Jisoo, Lisa, Emma McIntyre, —, Rosé, Lisa — Organizations: Coachella, Valley Music, Arts Festival, YG Entertainment, YG, 2.41pm, Korean, South, Munhwa, Munhwa Ilbo Locations: INDIO , CALIFORNIA, Indio , California, South Korean, Munhwa Ilbo, Thailand, Korean

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