The world-famous Korean girl group, BLACKPINK, has been trending lately. After celebrating their seventh anniversary and wrapping up their concert tour, there are rumors that BLACKPINK is splitting up.
This comes after multiple reports that suggest Lisa rejected offers to renew her contract with the group which is currently signed under YG Entertainment. The girls were also seen teary-eyed at their recent anniversary concert.
Here's what we know right now.
Lisa and Jennie Spotted Crying
The rumors that the girls would be splitting up stemmed earlier this year. Addressing these rumors, a clip of Rosé assuring their fans went viral in May 2024.
"thank you for waiting patiently for us & thank you for supporting our music for the past 4 years (Lisa: 7 years) cuz BLACKPINK ISN’T GOING ANYWHERE! we love you so much”
But after failing to renew their contracts in August, the rumors have started once again.
According to the reports, BLACKPINK will be going on an indefinite hiatus after the finale of their world tour, which was held at Geocheok Sky Dome in Seoul on September 16 and 17.
Fans expressed their concern after seeing two girls, Lisa and Jennie, crying at the concert. This prompted the group's followers to write on X (formerly Twitter) that this hinted at a coming farewell from the group.
According to a report from Sports Seoul, Rosé is the only one who renewed her contract with YG Entertainment, the agency that handles BLACKPINK.
Unfortunately, the report says that the other girls will be signing with different labels.
After failing to get all the girls to renew their contracts, YG Entertainment is reportedly negotiating a hybrid contract with the three girls.
The new contract is said to have Jisoo, Jennie, and Lisa promote the group for six months every year. This is a similar contract that SM Entertainment has with Donghae, Eunhyuk, and Kyuhyun of the band Super Junior.
As of now, YG Entertainment has responded to the report and said: "Nothing has been decided. We are still negotiating."
Reports say that the negotiation for the adjusted contract is nearing completion.
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BLACKPINK Breakup Rumors
So why is the globally famous group breaking up?
According to Star News (via Lifestyle Asia), Lisa rejected a couple of offers from YG Entertainment. The latest contract is said to be valued at approximately $37.6 million
Although nothing has been announced, fans on Twitter believe that the other agencies could have offered the singer substantial offers.
After this report surfaced, the shares of stock of YG Entertainment dropped to $58.90 per share, which is around 1.64% from the previous trading day.
Aside from Lisa, it is reported that Jisoo is planning to focus on her acting career. She has starred in several shows and movies, namely Arthdal Chronicles, Snowdrop, and the upcoming Kdrama, Influenza.
At the Born Pink encore finale held in Seoul on September 17, Jennie assured her fans by saying: "We will continue to be the BLACKPINK you love."
This is an ongoing report. We will update this once more information is released.
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