Many music labels want to sign contracts with BLACKPINK members

Up to this point, it is still a question mark whether BLACKPINK members will re-sign contracts with the old company or not. That also opens up opportunities for many other record labels.

BLACKPINK has completed a world tour and the group’s contract with the former company is said to have ended in August. However, the members are said to have sought a temporary contract extension while Contract negotiations. YG Entertainment has not yet responded to questions about BLACKPINK’s next step. Meanwhile, Korean YouTuber and reporter Lee Jin Ho pointed out that Lisa will play an important role in whether or not BLACKPINK will renew their contract with YG Entertainment.

With an insider’s insight, Lee Jin Ho said many music labels are hoping to sign a contract with BLACKPINK because they are YG’s highest-earning idol group and have achieved worldwide fame. gender. Lisa even received an offer from a Thai company for $50 million. With Lisa’s international recognition, her market value is estimated to be over 80 million USD.

Lee Jin Ho added that it is unlikely that Lisa will renew her contract with YG.

“Lisa’s participation in Crazy Horse has led to a lot of negative feedback. Korea is a country that values the image of artists very much” – Youtuber Lee Jin Ho said – “If she renews with YG, it will be difficult for her to join More diverse performances. Currently, YG is hoping the members will sign with other companies as individuals but will sign as a group with YG to be able to continue their activities. of BLACKPINK”.

In the latest developments, it is believed that Rose is most likely being pursued by Columbia Records and wants to sign her. According to Korean media, many people saw Rose meeting with Columbia Records CEO Ron Perry at a coffee shop in the United States. In addition to the details that clearly show the purpose of Columbia Records, netizens also noticed that Ron Perry followed the social network accounts of 3 other members of BLACKPINK, Rosé, Jennie, Jisoo and Lisa, after meeting Rosé. . Therefore, many fans speculate that Columbia Records may want to sign BLACKPINK to its label, in order to add diversity to the impressive lineup that includes Adele and Beyoncé.