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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

Sunday's Golden Globes to Launch Hollywood's Awards Festivities

FILE - Event signage appears above the red carpet at the 77th annual Golden Globe Awards, Sunday, Jan. 5, 2020, in Beverly Hills, Calif. (Photo by Jordan Strauss/Invision/AP, File)
FILE - Event signage appears above the red carpet at the 77th annual Golden Globe Awards, Sunday, Jan. 5, 2020, in Beverly Hills, Calif. (Photo by Jordan Strauss/Invision/AP, File)
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Sunday's Golden Globes to Launch Hollywood's Awards Festivities

FILE - Event signage appears above the red carpet at the 77th annual Golden Globe Awards, Sunday, Jan. 5, 2020, in Beverly Hills, Calif. (Photo by Jordan Strauss/Invision/AP, File)
FILE - Event signage appears above the red carpet at the 77th annual Golden Globe Awards, Sunday, Jan. 5, 2020, in Beverly Hills, Calif. (Photo by Jordan Strauss/Invision/AP, File)

Hollywood will kick off its 2025 awards festivities on Sunday at the annual Golden Globes ceremony where films such as "Wicked,The Brutalist" and "Emilia Perez" compete for trophies and attention ahead of the Oscars.
Timothee Chalamet, Selena Gomez, Ariana Grande and Angelina Jolie are among the stars in the running for acting honors at the red-carpet ceremony that will be hosted for the first time by comedian Nikki Glaser. The show will be broadcast live on CBS and stream on Paramount+, Reuters reported.
Spanish-language musical "Emilia Perez" and post-World War Two epic "The Brutalist" lead the night's movie nominees.
"The Brutalist" stars Adrien Brody as a Holocaust survivor who flees to the United States to chase the American dream. The 3-1/2 hour tale is considered a frontrunner for the night's top prize, best film drama.
Competitors include "Conclave," about the selection of a pope, and two movies starring Chalamet - Bob Dylan biopic "A Complete Unknown" and sci-fi epic "Dune - Part II."
Unlike the Oscars, musical and comedy films compete in a separate category at the Globes. Nominees in that field include box office smash "Wicked" and dark romantic comedy "Anora."
Winning a Globe can help films in the run-up to the Academy Awards in March. If a movie or actor takes home a Globe, "it increases the likelihood a member of the film academy will check out that project," said Scott Feinberg, executive editor for awards at The Hollywood Reporter.
Feinberg predicted "The Brutalist" or "Conclave" would earn the drama prize at the Globes. The musical or comedy category is harder to gauge, he said, because the nominees are so different from one another.
"Emilia Perez," a musical thriller, tells the story of a Mexican drug lord who transitions from a man to a woman. "Wicked," a prequel to "The Wizard of Oz," was adapted from a popular Broadway stage show.
"Anora," about a sex worker who marries the son of a Russian oligarch, is more of a traditional comedy while "The Substance" starring Demi Moore as a fading celebrity seeking a fountain of youth, is essentially a horror movie, Feinberg said.
"That (category) is just all over the place," Feinberg said.
Winners of the Globes are chosen by 334 entertainment journalists from 85 countries, compared with roughly 9,000 voters who select the Academy Awards. The Globes voting body was expanded in recent years and organizers instituted reforms after being criticized for ethical lapses and a lack of diversity.
In TV categories, restaurant tale "The Bear" leads the Globes nominees, followed by mystery comedy "Only Murders in the Building" and historical epic "Shogun."