In a thrilling development for fans, all four members of Blackpink have officially renewed their contracts with YG Entertainment, solidifying their future as a group. This news was confirmed by YG Entertainment in a regulatory filing on Wednesday, December 6th, 2023.
The filing revealed that Jennie, Jisoo, Lisa, and Rosé will continue performing as a quartet, bringing immense joy and relief to millions of Blinks around the globe. Concerns regarding the group's potential disbandment following the expiration of their previous contracts in August have finally been quelled.
While the exact duration of the new contracts remains unknown, it signifies a strong commitment from the members and the agency to continue their journey together. This paves the way for even more success and chart-topping records for Blackpink.
The announcement had a significant immediate impact on YG Entertainment's finances. After experiencing a decline since mid-September, the company's shares witnessed a remarkable 22% surge, showcasing the positive market sentiment surrounding Blackpink's continued presence as a group.
Having achieved remarkable global success since their debut in 2016, Blackpink has become a true K-Pop powerhouse. They hold numerous records, including becoming the first female K-Pop group to top the UK and US album charts in 2022. Their hit song "How You Like That" achieved the highest number of YouTube views within 24 hours in 2020, further solidifying their global influence.
This contract renewal marks a new chapter for Blackpink and their dedicated fanbase. With their talent, passion, and undeniable chemistry, the future promises even greater heights of success and musical brilliance.
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