“BLACKPINK” has a contract with YG for group activities only… Did they spend 4.5 billion yen to sign an “individual contract”?

Even though YG Entertainment (hereinafter referred to as YG) spent 40 billion won (4.5 billion yen) in connection with the individual contract of the Korean girl group BLACKPINK, it will only obtain a group contract.
It became clear that it could not be attached. According to the business report of the e-publication system on the 22nd, YG acquired approximately 41.2 billion won (approximately 4.64 billion won) in intangible assets Exclusive Contract money last year.
yen) was obtained. Listed entertainment companies usually recognize artists' Exclusive Contract money as an "intangible asset" and then apply the straight-line method (calculating a fixed amount each year) over the contract period to deduct expenses.
recognized as The 41.2 billion won includes other intellectual property (IP) contracts involving BLACKPINK, but BLACKPINK's annual income is by far the highest.
Taking this into account, it is estimated that BLACKPINK accounts for the majority. However, their contract fees must not exceed 10 billion won (approximately 1,126 million yen) per person.
I understand. Last December, YG signed a contract with BLACKPINK for group activities. However, it was not possible to conclude an exclusive contract for each member. JENN
IE, LISA, and JISOO have established their own offices, ODD ATELIER, LLOUD, and BLISSOO, respectively, and ROSE is also looking for independent activities after leaving YG. Private contract at one time
In the aftermath of the scandal, YG's stock price fell significantly. Since YG invested a huge amount of contract money into group activities rather than individual activities, BLACKPINK will be involved in a wide range of activities in the future.
It seems that some activities are planned.