BLACKPINK 'Survives' and BABYMONSTER 'Sparkles' so that YG Entertainment is happy
BLACKPINK 'Survives' and BABYMONSTER 'Sparkles' so that YG Entertainment is happy,
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PeopleTranscript
00:00 Yes, this time, we will discuss the latest news from YG Entertainment which looks like
00:08 it will close 2023 with laughter of happiness.
00:12 Like a windfall, YG Entertainment made a fortune at the end of this year by retaining Blackpink
00:18 and launching a promising rookie group, Babymonster.
00:21 On December 6, YG Entertainment proudly announced that the exclusive contract with Blackpink
00:27 was officially resumed after careful discussions.
00:31 Executive producer Yang Hyun-suk expressed his happiness regarding this deal, shining
00:36 a positive spotlight on the K-pop industry.
00:40 This good news apparently not only made Blackpink fans happy but also had a positive impact
00:45 on YG Entertainment's stock performance.
00:48 The company's share price, which was once in the red, has now experienced a significant
00:53 jump.
00:54 At 13.45 local time, the share price was trading at 60,801, an increase of 26.67% from the
01:03 previous day.
01:05 This enthusiasm gives hope for further growth in the future.
01:09 Even so, YG Entertainment still has to be careful with the individual contracts of Blackpink
01:14 members, which are still in the discussion stage.
01:17 Big challenges may still lie ahead, but this agreement is a positive step that benefits
01:22 both parties.
01:24 Not only that, Babymonster, YG Entertainment's rookie group, also stole attention.
01:30 Babymonster managed to get its name on the Billboard charts.
01:34 Their debut single, "Batter Up" topped the Billboard Global 200 and Billboard Global,
01:39 proving the group's great potential.
01:42 Babymonster achieved this incredible feat within 8 days of debuting on November 27.
01:47 Their single also topped the iTunes charts in 21 countries, while the MV "Batter Up"
01:52 set a new record with 22.59 million views in one day.
01:57 However, not everything goes smoothly in their home country, Korea.
02:01 Despite their international success, Babymonster still faces a cold reaction in Korea, as seen
02:08 by the absence of their songs on the Melon Top 100 to date.
02:12 In this way, YG Entertainment can close the final performance of 2023 with a smile, looking
02:19 forward to a glorious future with Blackpink and Babymonster.
02:23 The successful contract renewal and brilliant achievements of Babymonster show that YG Entertainment
02:29 remains a key player in the K-pop industry.
02:33 So let's continue to support them and see what will happen in the coming years.
02:37 2024.
02:38 [MUSIC PLAYING]