BLACKPINK has reportedly renewed their contract with K-pop agency YG Entertainment with a new update. Several K Media insiders have said that while Pink Venom’s vocalists are bound by their contracts, they will not only maintain but strengthen their status as global stars, and that much has been said about the future of the girl group under the group’s umbrella. It has been revealed that this will put an end to expectations and speculation. Debut office. Brinks was upset by the news of BLACKPINK’s return, but official confirmation is still awaited. Click here for the full report.
BLACKPINK to continue with YG Entertainment
In a statement released a few days ago, YG said that it is currently negotiating with the members to extend their contracts, which expired in August. After this update, several of BLACKPINK’s managers resigned, further fueling rumors about the band’s possible disbandment. Currently, according to a recent report in Bunka Ilbo, “BLACKPINK agrees to ‘Group Base’ activities…They have already signed contracts with two members.
BLACKPINK members will start solo activities in the future
Still, the report raises the possibility that some members may decide to pursue solo careers. They claimed that the exclusive contracts between YG Entertainment and each member did not go as planned. From now on, the members only want to promote their own projects and come together for BLACKPINK’s group activities.
Despite the current situation, some members are still considering continuing their solo activities at the agency, the source added. According to an industry source, “Some agencies are making offers with down payments of tens of billions of won to attract them. We feel it is a challenge to partner with YG, which has supported our efforts.”We have proposed a more effective approach and are currently in ongoing discussions with YG. ”
YG announced on November 15th, “As of the release date, we are negotiating new exclusive contracts with artists.The final results will be announced by sequentially disclosing investment decisions and other major management matters.”