South Korean media outlets have been abuzz with reports that Lisa rejected a staggering $40 million which converts to a huge 50 Billion KRW contract renewal offer from the record label YG Entertainment.
Sources close to the negotiations suggest that the MONEY singer received several contract proposals to the tunes of 100 Million from other global labels, including some from her home country, Thailand. These offers have added an additional layer of complexity to her decision-making process.The revelation comes amid growing uncertainty surrounding BLACKPINK’s future, as the super-group approaches its seventh anniversary. Lisa has reportedly decline of two offers from YG Entertainment, with the latest offer allegedly valued at around $37.7 Million.
The uncertainty surrounding BLACKPINK’s continuation with YG has kept fans, the general public, and industry insiders eagerly awaiting any news that could potentially even impact the stock market.
BLACKPINK made their back in August, 2016, thus filling the void left by YG’s previous successful girl group, 2NE1. Under the guidance of the label’s founder, Yang Hyun Suk, BLACKPINK held a grand showcase in Seoul’s Gangnam district and rapidly rose to superstardom.
Their hit songs like “Whistle,” “Boombayah,” “Playing with Fire,” and “Stay” earned them multiple awards and Billions of streams on YouTube and other music portals.
After a brief hiatus, the group returned stronger than ever with chart-topping hits such as “Ddu-Du Ddu-Du,” “Forever Young,” “Kill This Love,” “How You Like That,” and “Lovesick Girls,” solidifying their status as international icons.
Despite no concrete decision regarding their contract renewal with YG, the group remains professionally committed to fulfilling their scheduled events.