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YG Entertainment returns to comment on BLACKPINK’s contract renewal

With contracts expiring since August, YG Entertainment speaks once again about the status of negotiations with BLACKPINK

This Tuesday, the 14th, YG Entertainment made new updates about negotiations to renew BLACKPINK’s exclusive contracts. In a note that was published by several South Korean media outlets, the agency released its quarterly report and commented on the girl group’s situation:

As of the date of publication (of this report, November 14th), the exclusive contract with the artist [BLACKPINK] is being negotiated for renewal. The final result will be announced later through disclosure of the main management issues related to investment decisions.”

It is worth remembering that the latest updates about the renewal of the girls’ contracts also said that the company and the group were in negotiations. The link between the girl group and the agency expired in August this year and, since then, there has been no confirmed information, other than speculation.

In fact, in September, a rumor appeared in the South Korean press that Jisoo It is Jennie they could have created their own individual agencies. According to the News1 portal, the idols’ companies would be intended to organize and manage their activities as soloists, while the group’s promotional actions would still be under discussion with YG Entertainment.

Another rumor that emerged was that Rosé had been the only one in the group to renew her contract with YG, while the other members were negotiating to promote with the group for six months each year, as well as transferring their solo activities to other companies. None of the information has been confirmed, and remains just rumors.

BLACKPINK debuted in August 2016 under YG Entertainment and is composed of Jennie, Lisa, Rosé It is Jisoo. The girls’ most recent comeback took place in September 2022, with the track “SHUT DOWN”, which is the title track of the group’s second full-album, titled “BORN PINK”. Remember!

Source: Recreio

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