In the wake of the much-anticipated contract extension between BLACKPINK and YG Entertainment, South Korean media, particularly Sports Seoul, has been at the forefront of delivering the most recent updates.
Journalist Bae Woo Geun, a reliable source in the industry, has provided insight into the financial repercussions of this contract renewal, unveiling a significant surge of approximately 30% in YG Entertainment's stock prices within just one week of the announcement.
Daishin Securities Forecasts YG's Success with BLACKPINK's Extended Contract
Delving into the financial landscape further, Daishin Securities has conducted a thorough evaluation, expressing a positive outlook for YG Entertainment.
The financial experts anticipate that the impact of BLACKPINK's extended contract will surpass the initial estimations, signifying a pivotal moment for the entertainment company.
Bae Woo Geun's analysis doesn't stop at the stock market. He elucidates that ongoing negotiations for the exclusive personal contracts of BLACKPINK members have been instrumental in influencing the upward trajectory of stock prices.
The potential announcement of contract extensions for two or more members is poised to play a pivotal role in further elevating YG Entertainment's standing in the market.
BLACKPINK's Triumphant Return: Caution from Bae Woo Geun, Q4 Album and Performances Expected
However, Bae Woo Geun balances this optimism with a note of caution. Despite the financial successes, he suggests that BLACKPINK is likely to continue their current hiatus.
The group, known for their electrifying performances and chart-topping albums, is expected to make a triumphant return with the release of a new album and live performances, tentatively scheduled for the earliest in the fourth quarter of the upcoming year.
This strategic timing aligns with the anticipation that the substantial increase in sales, resulting from the group's contract extension, will begin to materialize in earnest from the year 2025.
BLACKPINK Contract Negotiations Spark Optimism for 2024 Comeback
Amidst ongoing negotiations for the individual contracts of BLACKPINK members, financial experts are weighing in on the potential outcomes.
While the specifics are still under discussion, the consensus is that the group is gearing up for a robust comeback, with activities slated to commence around the fourth quarter of 2024.
If these predictions materialize into reality, it undoubtedly spells joyous news for the fervent community of BLACKPINK fans, eagerly awaiting the group's triumphant return after sealing the deal on their contract renewal.
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Written by Cassidy Jones.
