YG Entertainment Stock value shoots way up after the announcement of BLACKPINK’s hugely awaited Comeback in August accompanied by the Largest World Tour in the history of a K-Pop girl group to kick off by the end of the year!
YGEntertainment’s stock value shot way up
two days ago, following the announcement of BLACKPINK’s highly-anticipated comeback in August and their world tour which will kick off this year and will be the biggest K-Pop girl group tour ever.
BLACKPINK just surpassed 75 Million
suscribers on YouTube, and are the Most
Followed Act on the platform, having
surpassed former leader Justin Bieber’s
YG’s Press release said #BLACKPINK were
working on ‘a continuous large-scale project which will extend through the second half of the year’: “BLACKPINK will also go on the largest world tour in the history of a K-Pop girl group by the end of the year, to expand their rapport with fans worldwide. We will continue large-scale projects for the group as well.”
After the announcement, YG Entertainment’s stock value surged 10%, and reportedly even saw a rise of up to 11% when trading hours opened, reaching #51,400 KRW.
BLACKPINK’s 2nd studio album, titled ‘THE
ALBUM’, was released on October 2, 2020, by YG Entertainment and Interscope Records, and debuted at #2 on the US Billboard 200 with 110,000 units, the highest-charting female Korean album and the highest-charting album by an all-female group since Danity Kane’s Welcome to the Dollhouse in 2008.
It spent 2 weeks atop the Billboard
Album Sales chart and reached #1 in New
Zealand, Mexico, and South Korea, becoming the best-selling album by a girl group in Gaon chart history! The Album has since been certified for a million units by the Korea Music Content Association (KMCA) and silver by the British Phonographic Industry (BPI).
According to the International Federation of the Phonographic Industry, the album was the fifth best-selling album
worldwide in pure sales in 2020!