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BLACKPINK Members to Receive Rs 9.1 Crore Upon Contract Renewal: Reports

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BLACKPINK members are currently discussing contract renewal with their company, YG Entertainment. The label earlier disclosed that by September, they will officially announce the details of the renewal. However, some reports suggest that upon renewal, the members might receive a total of $1.1 million, which is roughly Rs 15.56 crore.

 

CONTRACT RENEWAL

Not just that, it is also expected that the members will be receiving 80% of the profits from products, music and events related to the group. The profit sharing ratio between artists and the company is usually either 50-50 or sometimes the company takes away a major chunk from the profits. So, this change will be quite crucial for the BLACKPINK members.

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