Recent news of BLACKPINK‘s group contract renewal has showcased the members’ influence after a huge change in YG Entertainment‘s stocks.
Since debuting, BLACKPINK’s fame and popularity has grown, making them one of the biggest K-Pop groups in the world.
Back in September, amidst all the rumors of BLACKPINK leaving YG Entertainment and possibly disbanding, the company saw a huge drop in its stocks.
Of course, K-Pop company stocks always fluctuate, but there is always a clear trend when big news is announced, whether it’s positive or negative.
In particular, the company saw the benefits of BLACKPINK’s role with them after it was announced that the members had officially renewed their contracts with YG Entertainment for group activities. While the status of their individual contracts has yet to be determined, it reassured fans that whatever happens, BLACKPINK would be continuing as a group.
When the news broke, netizens quickly noticed that the company’s stocks had an unexpected rise in value.
YG stocks rising by a whopping 10% after the renewal news ohhhh BLACKPINK is running that company 😭 pic.twitter.com/l0oCtux7Aa
— ken (@togejustvibin) December 6, 2023
A few hours after the news had broken, fans and media outlets announced that YG Entertainment’s stocks rose by 20% and seemingly continued to rise.
After seeing the huge change in stocks, which many say has helped make up for the losses seen recently, netizens couldn’t help but share the impact BLACKPINK has.
The stocks of yg going crazy just by releasing the Most awaiting news😭 pic.twitter.com/uRHaxIck5n
— ٰ (@BP4ACES) December 6, 2023
— Worldwide BLIИK (@WorldwideBLINK) December 6, 2023
Bloomberg special monitoring for YG stocks!
The real time surge is 20.3% and counting.
— ROSÉ FOCUSED (@RoseFocused) December 6, 2023
While the individual contracts aren’t confirmed, the news would be a relief for YG Entertainment and has made a lot of BLINKs happy.
You can read the full statement below.