On the evening of April 10, LLOUD company officially announced that Lisa will join RCA Records under Sony Music Entertainment in the US. By signing a partnership with RCA Records, Lisa will share the same “roof” with a series of world-leading artists such as A$AP Rocky, Becky G, Doja Cat, Foo Fighters, Justin Timberlake, SZA… Lisa will plan to expand its influence by participating in global activities as a member of the airline.
Poster announcing Lisa’s joining record label RCA Records
In fact, the news that Lisa signed a contract with a famous record label in the US has been reported by Korean media since September 2023. Specifically, on September 21, 2023, TV Report reported exclusively that Lisa (BLACKPINK) would sign a contract with an American record label.
In the post, it is clearly stated that this record label proposed to Lisa a contract worth 60 billion won (1086 billion VND) with 6 albums during the signing period. The famous female idol will have the right to establish her own studio, work with musicians and own album copyrights. At the same time, she still continues to participate in performance and fashion activities.
Also at this time, Korean media confirmed that Lisa refused a contract worth 50 billion won (about 918 billion VND) with YG Entertainment’s offer to re-sign. Comparing the value of the contract offered by the American record company, it is clear that this is a much more “lucrative” contract.
Besides, RCA Records affirmed that Lisa will fully own all of her future recordings. This further shows that the information released by Korean media more than 6 months ago is completely consistent.
The contract between Lisa and RCA Records is said to be worth 60 billion won (about 1086 billion VND).
In addition to Korea’s TV Report site, international media also has information surrounding the contract between Lisa and the American record label. Specifically, a foreign news site in September 2023 had an article saying: “From sources close to the ongoing negotiations, Lisa’s contract with American record label will be one of the most lucrative recording contracts in Pop music history. Lisa will own all the music she records in the future (about 6 new albums). Lisa will have creative control over her music and career.
The deal with the American label will guarantee Lisa a presence in most other entertainment areas (music, Hollywood movies, video games, fashion and lifestyle). Furthermore, Lisa will have her own record label under a deal that gives her the right to sign new artists to her label.
Global pop superstar Lisa is set to become a multimedia mogul after signing a global deal with an unnamed US-based record label. The deal, to be announced early next year, will see Lisa launch her own multimedia entertainment company in partnership with new New York-based label Madison Avenue.
Under the 7-year deal, which can be extended to 11 years, Lisa will receive an advance of $60 million, making this one of the most lucrative contracts ever offered to a Kpop star. The long-term commitment is comparable in size to a similar deal the label signed with Beyoncé.”
According to international media, in September 2023, the contract between Lisa and the American record label will last from 7 to 11 years.
