The expected down payment and profit share for BLACKPINK should they renew their contract with YG was recently reported.
On August 4th, a topic titled “The estimated down payment if BLACKPINK renews their contract with YG is 1.5 billion won per person” was published on the Korean forum “theqoo”, drawing huge attention.
In particular, the topic refers to an August 3rd article from Herald Economy, which reported that BLACKPINK is estimated to receive 1.5 billion won (approx 1.1 million USD) per member as down payment should they renew their contract with YG Entertainment.
In addition, the news site stated that after re-contracting, BLACKPINK’s profit share is likely to exceed 80%, while the company receives 20%. Meanwhile, BIGBANG received a down payment of 1 billion won per member, whilst the number for TWICE was 1.2 billion won per member after contract renewal.
Upon learning of this information, netizens have shown various responses.
Original post: theqoo
Below are some of their comments regarding BLACKPINK’s estimated payment after contract renewal:
- To be honest, the number is lower that what I expected
- They are getting paid a lot, no? That’s a 1.5 billion down payment and 80% profit share
- It is the profit share that matters, not the down payment
- I feel like this is such a tiny number for an artist like BLACKPINK
- Lisa is better off just leaving YG at this rate
