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All BLACKPINK Members Renew Contracts with Label YG

K-Pop band Blackpink's members, Lalisa "Lisa" Manoban, Roseanne "Rose" Park, Kim Ji-soo and Jennie Kim, pose with their medals following a special investiture ceremony to present them with Honorary MBEs (Member of the Order of the British Empire), at Buckingham Palace in London on November 22, 2023. (AFP)
K-Pop band Blackpink's members, Lalisa "Lisa" Manoban, Roseanne "Rose" Park, Kim Ji-soo and Jennie Kim, pose with their medals following a special investiture ceremony to present them with Honorary MBEs (Member of the Order of the British Empire), at Buckingham Palace in London on November 22, 2023. (AFP)
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All BLACKPINK Members Renew Contracts with Label YG

K-Pop band Blackpink's members, Lalisa "Lisa" Manoban, Roseanne "Rose" Park, Kim Ji-soo and Jennie Kim, pose with their medals following a special investiture ceremony to present them with Honorary MBEs (Member of the Order of the British Empire), at Buckingham Palace in London on November 22, 2023. (AFP)
K-Pop band Blackpink's members, Lalisa "Lisa" Manoban, Roseanne "Rose" Park, Kim Ji-soo and Jennie Kim, pose with their medals following a special investiture ceremony to present them with Honorary MBEs (Member of the Order of the British Empire), at Buckingham Palace in London on November 22, 2023. (AFP)

All members of the megastar girl group BLACKPINK renewed their contracts with YG Entertainment on Wednesday, the company said, ending speculation around their future and driving up shares in the leading K-pop label by over 20 percent.

Rumors surrounding BLACKPINK -- one of K-pop's most successful girl groups -- and their potential future plans have abounded since the quartet's original contracts expired in August, with local reports even claiming in September that member Lisa rejected YG's renewal offer.

But YG announced on Wednesday that all members -- Jenny, Lisa, Jisoo and Rose -- had renewed their contracts with the company for "group activities".

"After careful discussion with BLACKPINK, we signed an exclusive contract for group activities based on deep trust," the label said in a statement sent to AFP.

"With YG's full support, BLACKPINK plans to repay the love of fans around the world with activities commensurate with their global status, including the release of a new album and a large-scale world tour," it added.

BLACKPINK, who first emerged out of South Korea's wildly popular K-pop scene in 2016, has also been recognized for the group's efforts on climate advocacy.

Last month, the members were given one of Britain's most prestigious honors by King Charles III, for their work for the COP26 climate summit in 2021.

Their official YouTube channel has a staggering 92.3 million subscribers, making them one of the most subscribed artists in the world on the platform.

BLACKPINK's other achievements include being the first-ever K-pop girl group to reach the top of the US Billboard 200 chart, and the first Asian artists to headline prestigious music events such as Coachella.

YG, on the other hand, was at the center of the notorious "Burning Sun" entertainment and sex scandal -- which revolved around a Gangnam nightclub of the same name -- that rattled South Korea in 2018.

The label was hard hit when Seungri -- a former member of popular boyband BIGBANG and co-director of Burning Sun -- retired from show business in 2019 amid mounting criminal investigations.

He was later sentenced to 18 months in prison for offering women to potential investors for sexual services, among other charges.

YG Entertainment's shares were up 24.58 percent to 59,800 won in afternoon trading in Seoul.

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Entertainment

‘Moana 2’ Rides Musical Wave of Pacific Culture and Creativity

US actress Auli'i Cravalho (L) and US actor Dwayne Johnson pose on the red carpet upon arrival for the UK Premier of "Moana 2", at the Cineworld, in Leicester Square, in central London, on November 24, 2024. (AFP)
US actress Auli'i Cravalho (L) and US actor Dwayne Johnson pose on the red carpet upon arrival for the UK Premier of "Moana 2", at the Cineworld, in Leicester Square, in central London, on November 24, 2024. (AFP)
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‘Moana 2’ Rides Musical Wave of Pacific Culture and Creativity

US actress Auli'i Cravalho (L) and US actor Dwayne Johnson pose on the red carpet upon arrival for the UK Premier of "Moana 2", at the Cineworld, in Leicester Square, in central London, on November 24, 2024. (AFP)
US actress Auli'i Cravalho (L) and US actor Dwayne Johnson pose on the red carpet upon arrival for the UK Premier of "Moana 2", at the Cineworld, in Leicester Square, in central London, on November 24, 2024. (AFP)

For Auli'i Cravalho, returning for the Walt Disney sequel film 'Moana 2" was a Hawaiian homecoming for both herself as an actor and for her character.

"Moana's journey will take her very far, but also that growth means coming back home and experiencing that with your community," the Hawaiian native told Reuters.

"Speaking of community, the connection of all of the people across the Pacific, this feels like a celebration of Pan Pacific, Pan Polynesian culture," she added.

For the cast and creators of "Moana 2," the project was not just professional, it was personal.

"It feels so incredible that my growth as a human seems to be juxtaposed with hers (Moana's)," Cravalho said.

"Moana 2," directed by David Derrick Jr., Jason Hand, and Dana Ledoux Miller, opens on Wednesday.

The Stagwell Group's entertainment and technology arm, National Research Group, predicts "Moana 2" will bring in $145 million over the five-day Thanksgiving weekend.

The film follows wayfinder Moana, who receives a sudden call from her wayfinding ancestors to travel the seas and break the curse of god Nalo, which prevents the people of various islands from reconnecting.

She forms her own crew, which reunites her with demigod Maui, played by Dwayne Johnson.

The music for the first "Moana" was written by "Encanto" songwriter Lin Manuel Miranda, while the sequel introduces the songwriting duo Abigail Barlow and Emily Bear.

The duo, which rose to prominence on TikTok, won the Grammy Award for Best Musical Theater Album in 2022 for "The Unofficial Bridgerton Musical," attracting a lawsuit from Netflix. It also created an opportunity to take over the songs for the sequel.

While they wanted to "pay homage to the beautiful world" of the first "Moana" with the music, they also aimed to add their own "flair to it."

Part of the flair for the entire film was figuring out how to add even more Pacific Islander culture within all aspects of the sequel, which was key for the director trio.

"I think it's so special that we get to celebrate the Pacific in these films, and that we get to have a heroine who is just so compelling and empathetic and awesome and weird and goofy," said Ledoux Miller.

"I think we can see a little bit of ourselves in her," the Samoan director added, noting that many Pacific Islander communities have the same values of family and togetherness that Moana does.

For the directors, it was about going on a "new adventure with old friends" and striking a balance between familiarity and something brand new.

The film is highly anticipated after Disney's other 2024 animated sequel "Inside Out 2" crossed the $1 billion mark at the worldwide box office in less than three weeks of release, reaching that level in the fastest time of any animated film in history.

The first "Moana" found box office success as well, topping 2016 box office numbers by earning $81.1 million over the five-day Thanksgiving holiday period and $55.5 million for the weekend.