Jennie just bought a luxury apartment, while Rosé appeared on W magazine
The past few days have been the most turbulent time for Lisa since her debut. The female singer is at risk of being banned from broadcasting in China after her official Weibo account was deleted. Lisa’s career in China suffered after she performed at the cabaret show “Crazy Horse” in Paris, France.
During that period, the remaining members of BlackPink continued their individual activities.
Jennie bought a house, showing signs of leaving YG
Recently, Biz Hankook reported that Jennie bought the luxury villa La Terrasse Hannam located in UN Village, Yongsan-gu, Seoul for 5 billion won.
The villa Jennie purchased was confirmed to have an area of 244 m2, including 5 bedrooms and 3 bathrooms. La Terrasse Hannam is a famous apartment complex and is also where actor Lee Jong Suk used to live.
According to Korean media, Jennie signed a contract to buy La Terrasse Hannam in February 2021, more than 2 years ago. Normally, on the day of signing a real estate purchase contract, 10% of the amount will be paid in advance by the buyer to the seller. If the remaining amount is paid in full within 6 months, ownership of the apartment will be transferred to the buyer.
In Jennie’s case, 500 million won was paid by the female singer to the seller in February 2021. The remaining amount of 4.5 billion won was paid within 2 years and 5 months. Korean media commented that this period of time was unusually long, suspecting that the contract renewal issue with YG Entertainment could be one of the reasons leading to this strange situation.
On the same day, TV Report reported that key employees in charge of BlackPink’s activities left YG Entertainment one after another. Specifically, the manager in charge of Jennie’s foreign schedule revealed she left YG in October after 4 years working at this company.
In addition, Jennie recently registered the copyright of the brand “Jennie Ruby Jane” in many categories such as restaurants, cosmetics, clothes, food… With the above signs, the audience is almost certain that Jennie will leave YG Entertainment. .
And perhaps Jennie is not the only member to leave YG. According to TV Report, Lisa’s manager, who held a senior management position at YG for 5 years since 2018, recently announced on LinkedIn that she left YG at the end of October.
Regarding the above issue, YG issued an announcement on November 14, “Up to now, the exclusive contract with BLACKPINK is still being negotiated. The final result will be announced later.”
Meanwhile, Jisoo has just released her France vlog on her channel “Happiness Jisoo 103%”. Last month, JTBC reported that Jisoo and actor Ahn Bo Hyun broke up after about 2 months of announcing their relationship. At that time, YG Entertainment told the media, “Due to their busy schedules, their relationship became distant and eventually the two chose to break up.”
Up to now, Rosé is the only member of BlackPink who is expected to re-sign with YG. On November 14, Rosé shared some photos on her personal account with the caption “Happy Holidays”. In the photos, Rosé posed elegantly in a bright floral printed off-the-shoulder dress. This is a series of photos taken for the upcoming cover of W magazine.
A few days ago, BlackPink’s main vocalist was put in the spotlight after wearing this outfit at the 2023 LACMA Art + Film Gala held in Los Angeles, California, USA.
YG is struggling and the pressure is put on BABYMONSTER
News1 reported that YG Entertainment’s stock price on November 14 dropped to 93,000 won, falling by 11%. The reason is that BlackPink’s contract renewal has been in discussions for a long time without a final decision.
Lee Ki Hoon, a researcher at Hana Securities, said on November 14, “BlackPink’s contract may or may not be renewed, and even if it is, there will be fluctuations depending on the type of contract. YG’s stock prices may fall.”
He continued, “If the contract renewal of all BlackPink members is announced, the company’s market capitalization will quickly increase again to 1.5 trillion won, equivalent to a stock price of about 80,000 won.”
Unlike other companies, YG is giving up many existing intellectual property (IP) rights such as Big Bang, iKON and 2NE1. Accordingly, except for Winner who is enlisting, BlackPink and Treasure are their only active groups. Therefore, the announcement of Blackpink’s contract renewal was delayed, causing the stock price to decline.
However, the fact that BABYMONSTER has finally been confirmed to debut on November 27 is said to be a positive plan for the company.
Researcher Lee said, “After BABYMONSTER debuts and releases a single in November, the group is estimated to have an album in the first half of next year. Recently debuted girl groups often sell one million of albums during their second promotion. If this trend holds true for BABYMONSTER, this will be a significant growth driver for the company.”
Meanwhile, BlackPink’s global operations bring huge revenue to YG. According to TV Report, the portion of BlackPink’s operating profit in YG’s total profit is estimated to be more than 85% by 2023. Therefore, losing BlackPink is a huge loss for this company.
Source: k14
