[Article] [Forbes] BIGBANG Members Renew Contracts With Long-Term Agency YG Entertainment

BIGBANG
BIGBANG promotional picture, 2020,  YG ENTERTAINMENT

 

The four members of South Korean band BIGBANG renewed their contracts with long-term agency YG Entertainment, the company announced on Wednesday.

G-Dragon (Kwon Ji-young), T.O.P (Choi Seung-hyun), Taeyang (Dong Young-bae), and Daesung (Kang Dae-sung) will continue on at YG, the company under which BIGBANG has been releasing music as an act since its formation in 2006.

The company’s website currently hosts a post declaring, “Happy to continue this journey with BIGBANG.” It is the third time BIGBANG has collectively renewed its contracts with YG Entertainment. The act also reportedly renewed contracts in 2011 and 2015.

Since the early ‘00s, BIGBANG has been one of South Korea’s most impactful pop acts, with numerous hit albums and singles from the act, both as a combined team and as soloists. In 2016, they were K-pop’s top earners with $44 million in pretax earnings, the 54th highest paid artists on the Celebrity 100 list of that year.

In a statement, YG Entertainment stated: “BIGBANG has changed the course of Korean pop culture. We will continue to support BIGBANG so that they can continue to make K-pop history as a representative group of YG Entertainment.”

The news arrived shortly after former member Seungri (Lee Seung-hyun) enlisted in South Korea’s military on March 9. He left BIGBANG and the South Korean entertainment industry last year amid disgrace during a series of high profile legal issues relating to allegations of corporate corruption and prostitution coordination.

BIGBANG last released the single “Flower Road” in 2018, as a special track dedicated to fans at the onset of the act’s hiatus as members served in South Korea’s military, fulling the country’s mandatory draft. The band last appeared together as a five-member act in 2017, prior to the enlistment of T.O.P that year. They were set to reignite their career with a performance at Coachella, but the Californian event has since been postponed due to the spread of the COVID-19 coronavirus, and it is as-of-yet unknown when BIGBANG’s first appearance as a renewed act will take place.

Source: Forbes

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