Blackpink’s uncertain future causes a heavy drop in label YG Entertainment’s stock price
KUALA LUMPUR, Sept 23 — As the fate of popular KPop girl group Blackpink remains unclear, stocks of its label YG Entertainment have fallen.
After reports of alleged disagreements in contract renewal discussions over the week, YG Entertainment’s stocks dropped 13 per cent on Thursday, CNBC reported.
The price per share fell to RM243 that day, the lowest it had reached in months.
This comes after the quartet performed their final Born Pink world tour concert in Seoul, a show that many fans speculated could be their last as a group.
During the concert, online users noticed that the members were all visibly emotional when sharing their thank-you messages to superfans known as Blinks.
In early September, YG stocks dropped 9 per cent when Korean media reported that Lisa might leave the group.
Lisa was reported to have turned down an RM176 million offer from YG as she is rumoured to have received other profitable offers from international companies.
According to sources from Sports Seoul, Jisoo, Jennie, and Lisa are considering offers from other record labels for solo projects.
Korean media outlets have claimed that only member Rose has decided to continue her contract with YG.
Amidst the uncertainty, the label has denied rumours of members leaving the group.
YG said in a recent statement that contract renewal talks were still underway and nothing has been finalised yet.
