YG Entertainment has recently confirmed the BLACKPINK queens will stay together as a group. The mega announcement was officially made earlier today in South Korea, and it came to the relief of fans and Kpop lovers who had been through months of disbandment rumors and negative speculations.
Those days are now over and BLACKPINK is here to stay and slay as a group! The confirmation of this good news sent waves of excitement through the stock market, proving that BLACKPINK is not just a musical force, but also a financial powerhouse.
So, these are the numbers: YG Entertainment’s share price had been at a low of 48,000 KRW (which is $36.57). Now, YG’s stock soared to a stunning 58,700 KRW ($44.72), marking an impressive 22% increase. If we rewind to earlier this year, the scene was quite different. As you can see, YG’s stock suffered a big low after the company’s scandals and the rumors of BLACKPINK’s disbandment.
It looks like the speculations saying Jennie, Jisoo, Lisa, and Rosé weren’t staying as a group particularly hurt the agency’s stock. And let’s not talk about the different offers each member got with juicy deals in other labels. At that point, it looked like something YG Entertainment couldn’t compete with.
Now here’s what we know: BLACKPINK will continue to promote together, but members are not staying with the agency for solo projects. It’s been reported that two of them already ended their solo contracts, and the other two are still discussing possible deals, although details remain under wraps.
The specifics of this new agreement BLACKPINK has with their agency remain a secret, but one thing’s for sure: the BP girls have the power to make huge moves both in the charts and the stock market. Don’t believe us? Just take a look at their company’s stock.
YG Entertainment’s stock rose 20% following BLACKPINK’s contract renewal confirmation. pic.twitter.com/4ylmohXU9f
— Pop Base (@PopBase) December 6, 2023