Trump-Inspired Cantonese Opera Brings Laughter and Political Satire to Hong Kong 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
FCC Chair Brendan Carr to Testify Before Senate Commerce Committee Amid Disney-ABC Controversy 
Paramount Skydance Eyes Streamlined Merger with Warner Bros Discovery Amid $60 Billion Offer Rejection 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
YG Entertainment Inc., one of the leading entertainment agencies in South Korea, experienced a sudden drop in its share prices after it was reported that three of the BLACKPINK members had decided to leave the company.
According to Reuters, just one member of the famous girl group has renewed her contract with YG Entertainment. Various media outlets in the country said that industry sources revealed that Lisa, Jennie, and Jisoo are all moving to another label for the management of their respective careers.
Due to this report that has been spreading like wildfire in Korea, shares of YG Entertainment fell more than 13% on Thursday, Sept. 21. Then again, it was said that the entertainment firm that also houses BIGBANG, Winner, and AKMU has denied the reports of the BLACKPINK members non-renewal of their contracts.
Through a statement, YG Entertainment clarified that the contract renewal of Lisa, Jennie, Jisoo, and Rose is still being discussed. The talks are ongoing, and they have not reached a decision, so there is nothing to confirm yet at this point. Then again, some local media mentioned that YGE is negotiating with Lisa, who allegedly rejected two contract offers last week worth KRW50 billion or $37.6 million.
Meanwhile, CNBC reported that the stock price drop that YG Entertainment experienced this week was its lowest level in almost five months. The decrease caused the company’s share price to close at KRW69,200 per share - the lowest since May.
The latest update so far alleged that since Rose already decided to renew her contract with YG Entertainment, Lisa, Jennie, and Jisoo are engaged in a last-minute discussion with the agency. They are said to be arranging for a contract that will allow them to sign with other labels but will work as part of BLACKPINK for six months per year.
Photo by: YG Entertainment Website
