YG Leisure denies spending $30 million+ on re-signing Blackpink2 min read

South Korea’s YG Leisure has denied studies that it spent 41.2 billion gained – or about $30.8 million – on re-signing Blackpink final yr. Buyers within the publicly listed Ok-pop enterprise are probably much less involved about the price of that deal and extra targeted on when it’s going to ship new music, given the damaging impression Blackpink inactivity has been having on YG’s revenues. 

The 41.2 billion gained determine was listed in a current monetary assertion from YG Leisure in relation to the acquisition of “intangible property”, which often means the prices of signing or re-signing expertise. Given the high-profile re-signing of Blackpink final yr, some speculated that the determine associated to that deal alone. 

Nonetheless, a spokesperson for the corporate advised Koran JoongAng Day by day, “There have been varied different contract renewals, in addition to new contracts fashioned over varied mental property rights. We can not disclose the contract particulars, however the quantity in query can’t be thought-about unique to Blackpink’s contract extension”. 

Blackpink’s earlier cope with YG Leisure expired final August. On the again of their worldwide success, Blackpink are by far the largest group on YG’s roster, which meant uncertainty as as to whether a brand new deal can be signed resulted within the agency’s share worth falling. 

When a brand new deal was lastly confirmed in December, the share worth shot up in worth by 25%, though it subsequently fell once more. That is partly as a result of, whereas Blackpink as a gaggle stay with YG, the brand new deal doesn’t embrace involvement in every member’s solo profession. Three of the members have arrange their very own businesses to handle solo actions, whereas the fourth remains to be finalising her plans in that area. Due to this fact YG solely advantages from the group’s output. 

YG’s spokesperson mentioned that the corporate is now within the “planning levels” for brand new exercise from Blackpink, prone to embrace each a brand new album and a world tour. Nonetheless, there isn’t a particular timeline in place, with the tour now seemingly set for 2025. That makes the corporate reliant on different acts like BabyMonster and Treasure within the shorter time period. 

One analyst, Ahn Do-young, advised Koran JoongAng Day by day, “Estimated earnings have been lowered as the beginning of Blackpink’s world tour was pushed again from [the] finish of this yr to subsequent yr. Assuming that Blackpink’s new album might be launched within the fourth quarter, the longer term inventory route might be decided primarily based on the revenue ranges that different Ok-pop acts BabyMonster and Treasure can obtain earlier than Blackpink’s contribution”.

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