The rumors and speculations about BLACKPINK’s possible departure have been put to rest as the group formally extended their contract with YG Entertainment. According to an official announcement made on December 6 KST by YG Entertainment, the management company of popular K-pop group BLACKPINK, the members have been successfully negotiated with and the group will continue to shine under the contract with their debut label.
YG Entertainment will Continue to Represent BLACKPINK
The record label that supports BABYMONSTER and BigBang released a statement reading, “We are pleased to announce that our board of directors has successfully come to an agreement on the signing of exclusive group contracts for all four members of BLACKPINK, our talented artists.” Also, they continued by saying, “BLACKPINK will continue to do its best to shine more brightly in the world music market as an artist representing K-POP, and we will continue to give their unwavering support and faith in their actions.”
They have been in negotiations with YG Entertainment since their previous contracts expired in August. According to sources in K-media, even though the group has decided to continue its activities, individual contracts are still being negotiated with each member. Despite leaving the agency, BLACKPINK is still going strong, and some members are apparently thinking about going solo.
The stock of YG Entertainment, which had been falling, experienced an extraordinary 20% increase upon hearing that the Pink Venom singers would be making a group comeback. The Blinks’ elation at being named K-pop royalty spread like wildfire across the web.
Take a look at below tweet:
YG Entertainment’s stock rose 20% following BLACKPINK’s contract renewal confirmation. pic.twitter.com/4ylmohXU9f
— Pop Base (@PopBase) December 6, 2023
“Blackpink owns them,” one fan wrote, while others praised the group, called them “Queens of k-pop,” said that “BLACKPINK is raising YG from death,” and said that “BP is their only income these days.”
You can also take a look at recent updates about BLACKPINK’s member:
- BLACKPINK’s Jisoo and Ahn Bo Hyun’s Unexpected Reunion: Are They Back in Love?
- BLACKPINK’s Rosé Exclusive Vlog & Lisa’s Mesmerizing Show In Paris
Despite continuing negotiations for individual contracts, BLACKPINK has executed one of the most commercially successful world tours to date. As a result, YG Entertainment and each member of the group can expect to reap substantial profits from BLACKPINK’s joint endeavors.
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