YG Entertainment Stock Price has taken a hit following a report about BLACKPINK’s Lisa’s potential contract renewal talks falling through.
On the 14th, a media outlet reported that the idol has turned down YG’s second offer to renew valued at 50 billion won [around $37 million]. On the 15th, YG attempted to soothe speculations by releasing a statement, “Lisa’s contract renewal is currently under discussion. There is nothing in those rumors that has been confirmed.”
On the morning of the 15th, the stock price declined by as much as 9%, a sharp decline following the said reports. The stock closed at a 2.94% loss at the end of the day after YG released a statement.
With BLACKPINK’s final concerts in Seoul on the 16th and 17th, many eyes are on the members. Everyone is wondering whether the group will address their contract at the concert and whether YG will make a statement announcing the results of the contract negotiations soon.
What do you think of this?
