Popular K-pop band BLACKPINK has reportedly renewed its contract with YG Entertainment, as per Korean media insiders. This update has quashed speculation about the band’s future with their debut agency. However, official confirmation is yet to be received.
BLACKPINK CONTRACT RENEWAL DISCUSSIONS
According to reports, BLACKPINK has reportedly renewed a ‘non-exclusive’ contract with YG Entertainment. The agency recently stated that they are discussing contract extensions with the band members, following the expiration of their previous contracts in August.
This led to rumours about a possible split in the band, especially after a few band managers resigned. According to a report, the band has agreed to continue ‘group-based’ activities, and two members have already signed their contracts. However, the report also suggests that some members might choose to work solo.
EARLIER ISSUES WITH THE BAND’S CONTRACT RENEWAL
It was revealed that the exclusive contracts between YG Entertainment and the members did not proceed as expected. Some members intend to pursue their own projects and only reunite for BLACKPINK group activities. Even though some agencies are offering lucrative deals to attract them, certain members believe that continuing with YG Entertainment, which has supported BLACKPINK’s journey so far, is a better option. As of November 15, YG Entertainment stated that negotiations for a new exclusive contract with the artists are underway and the final results will be announced soon.