Yg Entertainment Contract With Blackpink

State:
Multi-State
Control #:
US-00007BG-I
Format:
Word; 
PDF; 
Rich Text
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Description

The Yg entertainment contract with Blackpink outlines the agreement between the entertainer and the employer for live entertainment services. This contract details the specific roles and responsibilities of both parties, including payment terms, performance dates, and accommodation arrangements. It ensures mutual understanding regarding the type of entertainment to be provided and the platform for execution. Notably, it stipulates strict clauses about substance use, ticket sales, and indemnification, safeguarding the interests of the employer while holding the entertainer accountable. Moreover, it incorporates provisions for termination and rescheduling in case of unforeseen circumstances. Key features include a mandatory arbitration clause for dispute resolution and guidelines for modifying the agreement. This contract is vital for attorneys, partners, and other legal professionals who need a structured framework for negotiating and documenting entertainment agreements, ensuring clarity and legal compliance.
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FAQ

According to WealthyPersons.com, BLACKPINK's net worth as a whole is around $24 million a year, which would mean each of the members would take home $6 million. That number, however, is likely a little lower based on the cut that BLACKPINK's management company, YG Entertainment, takes out of the band's profits.

YG is always looking for new talent and if you think you have what it takes, the first thing to do is to submit an audition application via their website. The entertainment group is currently holding open auditions that started in May and will continue through December 2020.

But this cannot be avoided since they signed an exclusive contract with YG Entertainment for 7 years.

They are one of the most popular Korean bands right now. The band debuted in 2016 and that means their contract expires in 2023.

Similar to BTS, the base salary per year for BLACKPINK is estimated to be $8 million a year. Therefore, the group as a whole makes at least $32 million per year.

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Yg Entertainment Contract With Blackpink