Entertainment stocks fluctuate over artists’ contract statuses

K-pop lady team BLACKPINK talks on phase at the 2022 MTV VMAs at Prudential Center in Newark, New Jersey, UNITED STATE onAug 28, 2022. AFP-Yonhap

YG shares decline over 25 percent in 2 months

By Anna J. Park

The supply cost of K-pop giant YG Entertainment has actually gotten on a high dive throughout the previous 2 months, because its seven-year contract with super star lady team BLACKPINK formally ran out in very early August.

The share cost ended up at 60,100 won ($ 44.5) on Friday, which is greater than a 26 percent loss from the closing cost of 81,700 won onAug 9. It is additionally the most affordable cost of the entertainment business because late April.

In specific, the business’s supply cost plunged 13.28 percent in a solitary trading session onSept 21, when neighborhood media electrical outlets reported 3– Lisa, Jennie and Jisoo– of the 4 participants of the team would certainly not restore their agreements with the tag. YG has yet …