YG And BlackPink Members’ Situation After Lisa Was Boycotted In China

Jennie simply purchased a luxurious residence, whereas Rosé appeared on W journal

The previous few days have been probably the most turbulent time for Lisa since her debut. The feminine singer is prone to being banned from broadcasting in China after her official Weibo account was deleted. Lisa’s profession in China suffered after she carried out on the cabaret present “Loopy Horse” in Paris, France.

Throughout that interval, the remaining members of BlackPink continued their particular person actions.

Jennie purchased a home, displaying indicators of leaving YG

Just lately, Biz Hankook reported that Jennie purchased the luxurious villa La Terrasse Hannam situated in UN Village, Yongsan-gu, Seoul for five billion received.

The villa Jennie bought was confirmed to have an space of ​​244 m2, together with 5 bedrooms and three loos. La Terrasse Hannam is a well-known residence advanced and can be the place actor Lee Jong Suk used to stay.

In line with Korean media, Jennie signed a contract to purchase La Terrasse Hannam in February 2021, greater than 2 years in the past. Usually, on the day of signing an actual property buy contract, 10% of the quantity will probably be paid upfront by the client to the vendor. If the remaining quantity is paid in full inside 6 months, possession of the residence will probably be transferred to the client.

In Jennie’s case, 500 million received was paid by the feminine singer to the vendor in February 2021. The remaining quantity of 4.5 billion received was paid inside 2 years and 5 months. Korean media commented that this time period was unusually lengthy, suspecting that the contract renewal concern with YG Leisure could possibly be one of many causes resulting in this unusual state of affairs.

On the identical day, TV Report reported that key workers accountable for BlackPink’s actions left YG Leisure one after one other. Particularly, the supervisor accountable for Jennie’s overseas schedule revealed she left YG in October after 4 years working at this firm.

As well as, Jennie just lately registered the copyright of the model “Jennie Ruby Jane” in lots of classes comparable to eating places, cosmetics, garments, meals… With the above indicators, the viewers is sort of sure that Jennie will go away YG Leisure. .

And maybe Jennie will not be the one member to go away YG. In line with TV Report, Lisa’s supervisor, who held a senior administration place at YG for five years since 2018, just lately introduced on LinkedIn that she left YG on the finish of October.

Concerning the above concern, YG issued an announcement on November 14, “To date, the unique contract with BLACKPINK remains to be being negotiated. The ultimate outcome will probably be introduced later.”

In the meantime, Jisoo has simply launched her France vlog on her channel “Happiness Jisoo 103%”. Final month, JTBC reported that Jisoo and actor Ahn Bo Hyun broke up after about 2 months of saying their relationship. At the moment, YG Leisure advised the media, “As a result of their busy schedules, their relationship turned distant and ultimately the 2 selected to interrupt up.”

To date, Rosé is the one member of BlackPink who is anticipated to re-sign with YG. On November 14, Rosé shared some photographs on her private account with the caption “Blissful Holidays”. Within the photographs, Rosé posed elegantly in a brilliant floral printed off-the-shoulder gown. This can be a sequence of photographs taken for the upcoming cowl of W journal.

Just a few days in the past, BlackPink’s fundamental vocalist was put within the highlight after carrying this outfit on the 2023 LACMA Artwork + Movie Gala held in Los Angeles, California, USA.

YG is struggling and the strain is placed on BABYMONSTER

News1 reported that YG Leisure’s inventory worth on November 14 dropped to 93,000 received, falling by 11%. The reason being that BlackPink’s contract renewal has been in discussions for a very long time with out a ultimate determination.

Lee Ki Hoon, a researcher at Hana Securities, stated on November 14, “BlackPink’s contract could or will not be renewed, and even whether it is, there will probably be fluctuations relying on the kind of contract. YG’s inventory costs could fall.”

He continued, “If the contract renewal of all BlackPink members is introduced, the corporate’s market capitalization will shortly improve once more to 1.5 trillion received, equal to a inventory worth of about 80,000 received.”

In contrast to different firms, YG is giving up many present mental property (IP) rights comparable to Large Bang, iKON and 2NE1. Accordingly, apart from Winner who’s enlisting, BlackPink and Treasure are their solely lively teams. Due to this fact, the announcement of Blackpink’s contract renewal was delayed, inflicting the inventory worth to say no.
Nonetheless, the truth that BABYMONSTER has lastly been confirmed to debut on November 27 is alleged to be a optimistic plan for the corporate.

Researcher Lee stated, “After BABYMONSTER debuts and releases a single in November, the group is estimated to have an album within the first half of subsequent yr. Just lately debuted lady teams typically promote a million of albums throughout their second promotion. If this development holds true for BABYMONSTER, this will probably be a major development driver for the corporate.”

In the meantime, BlackPink’s world operations deliver enormous income to YG. In line with TV Report, the portion of BlackPink’s working revenue in YG’s whole revenue is estimated to be greater than 85% by 2023. Due to this fact, shedding BlackPink is a large loss for this firm.

Supply: k14