BLACKPINK Prove Their Impact As YG Entertainment Stock Value Rises After Their August Comeback And World Tour Confirmation
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BLACKPINK have once again proven just how much impact they have as YG Entertainment‘s stock value rises following their recent comeback announcement.
On July 6, the company released a statement confirming that BLACKPINK would not only be making their highly-anticipated comeback in August, but that they would soon embark on the biggest world tour any K-Pop girl group has ever done.
A lot of music in BLACKPINK’s style has been prepared with great effort for a long time. BLACKPINK will embark on the largest-ever world tour for a K-Pop girl group by the end of the year alongside their comeback to expand their communication and reach with fans across the world. We will continue large-scale projects for the group as well.
— YG Entertainment
The last album the group released was 2020’s THE ALBUM, which the members were not able to promote as much due to the outbreak of COVID-19, but still proved to be a truly impressive hit.
Now that BLACKPINK are once again making a comeback, it was made clear that it’s not only BLINKs who are happy about their return. Fan reactions were, of course, beyond excited…
they are worth the wait.
AUGUST IS FOR BLACKPINK pic.twitter.com/U6RHBeyjuB
— ᴊᴇɴᴄʜᴜʟɪᴄʜᴀᴇɴɢ (@i_lilifan) July 6, 2022
But perhaps more notably, the group’s comeback and world tour announcement was followed by an impressive rise in value for YG Entertainment’s stocks. The company’s stock value has risen by about 10%, and reportedly even saw a rise of up to 11% when trading hours opened on the morning of July 6, reaching up to ₩51,400 KRW.
As BLACKPINK’s songs reenter charts following the announcement as well…
#BLACKPINK’s songs re-entering on Genie at 10AM KST an hour after the announcement!
AUGUST IS FOR BLACKPINK @BLACKPINK pic.twitter.com/ifHqmgWMd5
— BLACKPINK BLINK UNION
(@BBU_BLACKPINK) July 6, 2022
…it’s impossible to deny the power the group holds!
We love powerful women. Upon news of @BLACKPINK's comeback, record label YG Entertainment's stock rose 10%
(h/t @balloon_wanted) https://t.co/z79WwzpSuO— Jeff Benjamin (@Jeff__Benjamin) July 6, 2022
BLACKPINK’s impact is insane. pic.twitter.com/rcxY7z4Yat
— ً (@GIRL0VESICK) July 6, 2022
We can’t wait to see just how far BLACKPINK will go as they make their long-awaited, historic comeback this coming August.
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