'Rose's revenue from the US market is 10 times higher than that of the Korean market,' says industry insider.
Rose of Blackpink, who has been dominating global music charts, has terminated her trust contract with the Korea Music Copyright Association as she aims for a broader market.
According to Komca on Thursday, Rose applied for the termination of her trust on Oct. 31, 2024. After a three-month grace period, her contract officially ended on Jan. 31. She joined the Komca in 2021.
Founded in 1967, Komca is the largest professional organization in South Korea specializing in music copyright trust management. Most musicians in the country entrust their copyright management to the association, which oversees revenue collection and distribution.
Atlantic Records, the label managing Rose’s global activities, is expected to handle her copyright revenue going forward.
The decision appears to be driven by Rose’s focus on international activities, as her revenue is significantly higher in the US market than in South Korea.
"The revenue from the US market is roughly 10 times higher than that from the Korean market. In Korea, revenue collection through Komca takes about three months, but when processing US earnings through Komca, it can take from six months to a year," an industry insider explained Thursday in a phone interview with The Korea Herald.
Meanwhile, Rose, who has been focusing on solo activities, is set to kick off Blackpink’s world tour July 5-6 at Goyang Stadium.
jy@heraldcorp.com
