BLACKPINK members win Abu Dhabi’s heart with an excellent power packed concert

Credit: Instagram

Fans of BLACKPINK were treated to an excellent concert at the group’s performance in Abu Dhabi last Saturday. The same day also marked the surprise birthday celebration for one of the band members, Rose.

The popular K-pop girl group hit the stage and performed a whopping number of all of their greatest hits, that included “Pink Venom” and “Lovesick Girls.” Talking about Korean-New Zealand singer Rose, she was surprised after having seen the multi-tiered cake on stage. She is all set to turn 26 this year. Later, another band member, Jennie, was also spotted visiting Abu Dhabi’s Grand Mosque before the group’s show.

Abu Dhabi is the second stop for the “BORN PINK” world tour in the Middle East after the BLACKPINK members performed in Riyadh on January 20, 2023.

Contract renewal

BLACKPINK’s contract with its agency, YG Entertainment will be ending in August 2023. Reportedly, industry insiders revealed that the music label is preparing to offer millions of dollars to the K-pop girl group to renew their contract again.

According to the same insider report, BLACKPINK member Lisa is receiving an overseas offer of around 81.2 million USD. The insider said, “From what I understand, [agencies] in countries like China expressed their desire to offer guarantees around ₩100 billion KRW (about $81.2 million USD) won to Lisa, who has complete influence in not only her home country of Thailand but the Southeast Asian market.”

Credit: Instagram

The same insider reportedly said, “When you take into consideration the scale of the Korean market, it’ll be hard for [Korean agencies] to handle that kind of offer.”

Several reports further said that YG Entertainment is planning to sell out at least 16.2 million USD per member as a bonus for the renowned girl group to renew their contract with the agency.

Latest reports

Another report by Nate News says, “Industry insiders are anticipating that YG will offer a down payment of at least ₩20.0 billion KRW (about $16.2 million USD) per member to keep BLACKPINK… Contract renewals are usually for 2~3 years.”

The same report said, “If the rumors are true and they give each members ₩20.0 billion KRW (about $16.2 million USD), for a total of ₩80.0 billion KRW (about $65.0 million USD), YG will need to calculate if they’ll be able to make a profit within that time period.”