Investors are placing the strain on YG Entertainment to announce the standing of BLACKPINK’s contract renewals. Up to now, YG Entertainment has been retaining mum in regards to the situation.

Industry insiders have estimated that it’s unlikely that BLACKPINK will finalize their contracts till August 26, pushing again the announcement till September 2023 at the very least. As negotiations go on, insiders additional speculate that the renewal downpayment per member might be round ₩1.50 billion KRW (about $1.16 million USD).

Of course, this doesn’t embody their salaries. According to trade large information, after contract renewals, most artists take away 80% of the earnings, whereas companies retain 20%. This is a 360 diploma change from debut contracts, the place companies take between 60 to 80% often.

The ₩1.50 billion KRW (about $1.16 million USD) was estimated from BIGBANG’s earlier renewal, which noticed ₩1.00 billion KRW (about $770,000 USD) go to every member. In newer years, every TWICE member took dwelling 12 okay as downpayment for a renewal. As BLACKPINK is estimated to account for greater than 80% of YG Entertainment’s working revenue, it’s attainable that the quantity may go increased. BLACKPINK’s world recognition and promoting energy may also be taken under consideration.

An official from YG Entertainment acknowledged to the media that the renewal announcement could also be after September 2023, as the women’ world tour concludes on the finish of August. YG Entertainment can also be slated to announce the renewal standing of iKON’s contracts quickly.

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