Many people can’t help but wonder how many years BLACKPINK has to renew their contract.
On March 21, the online community couldn’t help but stir at the news that YG had to spend a “huge” amount of money to retain BLACKPINK . Specifically, according to YG’s business report published on the 21st, the contract amount The exclusive rights that YG acquired are listed as 41.185 billion won.
This is the amount of money obtained through a new exclusive contract between YG and YG artists. In 2023, YG does not have any major contracts other than BLACKPINK. The industry believes that the majority of the exclusive contract fee of more than 40 billion won went to 4 global girls.
According to estimates, BLACKPINK’s contract extension will cost about 40 billion won and the contract renewal fee for each member is estimated at about 10 billion won.
Each BLACKPINK member received about 10 billion won for their decision to extend the group contract
The fact that YG had to spend a large amount of money to renew the contract with BLACKPINK shows that all 4 girls are the key assets that YG must hold. That’s why many people wonder how many years BLACKPINK has renewed the contract with YG.
After YG’s business report was published, domestic securities experts speculated that the contract term would be 4 years if depreciation is distributed semi-annually.
However, the initial payment of more than 5 billion won was disbursed in Q4 and left a balance of 35 billion won. If depreciation is allocated quarterly instead of semiannually, this indicates that the exclusive contract lasts only 2 years.
According to the financial report, a payment of more than 5 billion won has been disbursed and according to experts, if the depreciation is distributed quarterly, the contract will only last 2 years
On the morning of March 22, YG also spoke up about the deposit amount to re-sign with BLACKPINK. Accordingly, talking to Yonhap newspaper, YG representative said: “Last year, there were renewals and new contracts not only with BLACKPINK but also with many IPs (intellectual properties). Although we cannot revealed all contract details, but this amount cannot be considered a deposit just for BLACKPINK.”
Considering the scale of the exclusive contract worth more than 41 billion won, it is estimated that even if other intellectual property contracts are included, this contract will be made for billions of won each with BLACKPINK members. However, it is known that the deposit amount for BLACKPINK members does not exceed 10 billion won each.
In addition, YG representative also revealed: “BABYMONSTER will be active with its official debut in April and TREASURE will continue to grow by expanding its scope of activities beyond Japan to Asia. We I am also preparing plans for BLACKPINK’s group activities.”
YG said it is planning for BLACKPINK’s return to group activities
In fact, by 2023, Korean experts have estimated that YG will be willing to spend 1,500 billion VND to retain BLACKPINK. Therefore, fans are completely assured that this “big guy” will not hesitate to do everything possible for the girls to continue accompanying the company.
However, at the present time, each BLACKPINK member is working hard on individual projects. That’s why it’s likely that the promise to release an album or a mega world tour concert that YG previously announced won’t be fulfilled until at least 2025. Previously, Korean media predicted that BLACKPINK would start returning in the fourth quarter of 2024.
