Ok-pop label YG Leisure has supplied an replace on contract renewal negotiations with BLACKPINK, saying that they’re nonetheless ongoing.
The leisure firm made a quick assertion to South Korean media, together with Sports activities Chosun, yesterday (November 14) saying that it’s “nonetheless negotiating with the artists concerning their unique contracts”, as translated by Koreaboo.
No different particulars concerning the present standing of the discussions have been divulged, however YG Leisure shared in the identical assertion that an announcement of the negotiations’ consequence “might be revealed by way of the doc concerning main administration points associated to investments.” An actual date for this report’s publication has but to be introduced.
Negotiations surrounding the standing of BLACKPINK’s expiring contracts with YG Leisure have been underway since July, and their contracts have been mentioned to have expired in August. Public debate was sparked when it was reported that member Lisa was unlikely to resume her contract previous its expiration. On the time, the report additionally mentioned negotiations for the remaining three members – Jennie, Jisoo and Rosé – have been continuing easily.
Within the months since BLACKPINK’s contracts with YG Leisure had reportedly expired, the widespread uncertainty of BLACKPINK’s future with the corporate and as a gaggle brought on shares for the corporate to plummet.
On the identical day of YG Leisure’s July assertion concerning BLACKPINK’s contract negotiations, shares of the corporate, listed on the Korea Change, fell over six per cent by the tip of buying and selling day, closing at ₩74,300. In keeping with CNBC, it was the inventory’s lowest worth since Might 11, when it closed at ₩66,700.
In different YG Leisure information, the label confirmed that trainee Ahyeon will not be part of the ultimate debut line-up for BABYMONSTER, the corporate’s extremely anticipated lady group slated for debut on November 27. YG cited “well being causes” for her withdrawal from the group, nevertheless it stays unclear whether or not Ahyeon might be added to the group at a later stage or if BABYMONSTER will stay as a six-piece.
