BLACKPINK’s Renewal News Has A Huge Impact On YG Entertainment’s Financial Status

Netizens have reacted to the huge change.

Recent news of BLACKPINK‘s group contract renewal has showcased the members’ influence after a huge change in YG Entertainment‘s stocks.

The members of BLACKPINK | @sbskpop/Twitter

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.

The stocks in September | Sports Chosun

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.

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.

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.

All 4 BLACKPINK Members Officially Renew Contracts With YG Entertainment For Group Activities

Source: Daum

BLACKPINK