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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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Taylor Swift Fans Turn Out Early for Book Launch at Target

Taylor Swift attends an in conversation with Taylor Swift event at the Toronto International Film Festival on Sept. 9, 2022. (AP)
Taylor Swift attends an in conversation with Taylor Swift event at the Toronto International Film Festival on Sept. 9, 2022. (AP)
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Taylor Swift Fans Turn Out Early for Book Launch at Target

Taylor Swift attends an in conversation with Taylor Swift event at the Toronto International Film Festival on Sept. 9, 2022. (AP)
Taylor Swift attends an in conversation with Taylor Swift event at the Toronto International Film Festival on Sept. 9, 2022. (AP)

Taylor Swift fans and their parents lined up outside some of Target's nearly 2,000 US stores early on Black Friday to buy copies of her new Eras Tour book.

Hoping to buck a long stretch of slowing sales at Target stores - with penny-pinched shoppers making purchases at rival retailers - the big-box chain teamed up with Swift to build on the fan momentum she experienced following her Eras Tour concerts.

Several customers queued up outside Target stores as early as 5 a.m. ET in freezing temperatures, with most of them there to snap up Swift merchandise, Reuters reported.

"Yeah, it's really cold but we're here to get Taylor Swift's tour book and her latest vinyl drop," Carlos Miracle, a 31-year old Swift fan, said while waiting outside a Chicago store.

Parents of teenage daughters and youngsters in their late 20's were up and about to buy Swift's Eras Tour book priced at $39.99 at Target. The retailer is also making available a vinyl album and CD version of "The Tortured Poets Department: The Anthology" for the first time containing 35 tracks including four acoustic bonus songs.

The vinyl version is being sold at $59.99 and CDs for $17.99, according to Target's website.

Swift, 34, has been setting music industry milestones and boosting local economies with The Eras Tour, with the last leg of the concert happening in Canada currently, a phenomenon that some economists have termed " Swiftflation."

Swift had released her latest Tortured Poets album in May during Target's first quarter, boosting its sales in its entertainment category by a high-single-digit percentage.

On Friday, Julia Corrin, a 39-year old from Pittsburgh bought the Era Tour book. The tour was a "really special moment ... and it'll be great to have something to remember it by," she said.

In New Jersey, 28-year old Amy Webb was in line to get her hands on the new Eras Tour book. "I usually don't buy anything during the holiday season, but wanted to get my hands on this before it sells out," she said.

On X, formerly known as Twitter, users shared images of long queues to grab Swift's merchandise while some noted that a few Target stores saw nearly empty shelves for the Eras Tour book and were out of Tortured Poets vinyl as of 9:30 a.m.

"The vinyl went quick, I don’t know exactly how many my store got, but I was in line at 5. By the time it was my turn the employee told me there were only 8 left," said an X-user Rachel.

There were no fans in line as of 8:30 a.m. at one Target store in New Jersey that had opened two and a half hours earlier. Its rack holding copies of the Eras Tour book was half empty.

To boost sales during the holiday season, which is shorter than in previous years with only 26 days between Thanksgiving and Christmas, Target will begin to offer the Eras Tour book and vinyl and CD version of her Tortured Poets album on its app and website beginning Saturday.

"That's the only reason I am here, we don't want to go online and see that it is sold (out)," said a 35-year old Marriott Hotel employee Adrian Antuna, who was waiting to get his hands on the Eras Tour book and a couple of the Tortured Poets Department vinyl albums.