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Read moreAs the contract between Blackpink and YG Entertainment nears its end, fans of the popular South Korean girl group are wondering if the group will renew their contract with the agency.
Blackpink, consisting of members Jisoo, Jennie, Rosé, and Lisa, first signed with YG Entertainment in 2011 and made their debut in 2016 with the single "Boombayah." Since then, they have become one of the most successful girl groups in the world, with hit songs like "Ddu-Du Ddu-Du," "Kill This Love," and "Ice Cream" featuring Selena Gomez.
However, as the group's contract with YG Entertainment comes to a close, many are questioning if they will renew their contract with the agency or move on to other opportunities.
On one hand, YG Entertainment has been a major factor in Blackpink's success, providing the group with the resources and support needed to become one of the biggest girl groups in the world. The agency has also allowed the members to pursue individual endeavors, such as solo music projects and acting roles.
On the other hand, Blackpink has reached a level of success that could potentially allow them to branch out on their own. The members have already begun to establish themselves as solo artists, with Jennie releasing her debut solo single "Solo" in 2018 and Rosé releasing her debut solo single "Gone" in 2021.
Some speculate that they will be joining producer Teddy’s label called The Black Label due to the close relationship that was fostered in the studio when working on their albums.
It is uncertain what the future holds for Blackpink and their relationship with YG Entertainment. While the group has been successful with the agency, they may choose to explore other opportunities in the industry.
10 Factors for Artists & Creators When Negotiating a New Record Label Contract:
Whether Blackpink renews their contract with YG Entertainment or take their careers in a new direction, the following are 10 factors they should consider when negotiating with the other party:
When it comes to music business contract negotiations, there are several key factors that should be taken into consideration. Whether you're an artist, manager, or record label executive, it's important to be well-informed and aware of your rights and responsibilities. Here are the top 10 things to consider during music business contract negotiations:
By considering these factors during music business contract negotiations, artists & music creators like Black Pink can ensure that they are protected and that the agreement is in the best interests of all parties involved. With a well-negotiated contract, an artist can focus on creating and performing music, while the label can focus on promoting and marketing the artist's work.