Changing Tracks
Yg Entertainment, the firm behind K-pop sensation Blackpink, has appointed Yang Min-seok as its new, sole CEO. The younger brother of company founder Yang Hyun-sun, he was previously joint CEO with Hwang Bo-kyun.
The announcement was made shortly after Yg’s annual shareholder meeting that closed the books on a year in which revenues climbed 65% to $430 million.
The firm, which recently denied that it had paid $30 million to retain its position with Blackpink (but saw the girl group’s individual members sign personal representation contracts with other agencies) is busily launching BabyMonster, another all-female act that is seen in some circles as a successor to Blackpink.
BabyMonster, which was formed late last year through reality TV show “Last Evaluation 2023,” is a seven part group with members from Korea, Thailand and Japan. The group launched singles last year and in February. But Yg is now describing mini-album and new single “Sheesh,...
Yg Entertainment, the firm behind K-pop sensation Blackpink, has appointed Yang Min-seok as its new, sole CEO. The younger brother of company founder Yang Hyun-sun, he was previously joint CEO with Hwang Bo-kyun.
The announcement was made shortly after Yg’s annual shareholder meeting that closed the books on a year in which revenues climbed 65% to $430 million.
The firm, which recently denied that it had paid $30 million to retain its position with Blackpink (but saw the girl group’s individual members sign personal representation contracts with other agencies) is busily launching BabyMonster, another all-female act that is seen in some circles as a successor to Blackpink.
BabyMonster, which was formed late last year through reality TV show “Last Evaluation 2023,” is a seven part group with members from Korea, Thailand and Japan. The group launched singles last year and in February. But Yg is now describing mini-album and new single “Sheesh,...
- 4/3/2024
- by Patrick Frater
- Variety Film + TV
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