Breaking: BLACKPINK renews group contracts with YG Entertainment amid ongoing negotiations. Two members exit, while discussions continue for the remaining two.
Breaking news in the K-pop world as YG Entertainment officially confirms the renewal of exclusive group contracts for all four members of BLACKPINK. The agency released a statement today, saying, “We have successfully reached an agreement within our board of directors regarding the signing of exclusive group contracts for all four members of BLACKPINK, our esteemed artists.”
The negotiations between BLACKPINK and YG Entertainment have been in progress since the expiration of their previous contracts in August. While the decision to continue group activities has been finalized, individual contracts for each member are still pending. Notably, reports suggest that two members, including Lisa, have chosen to part ways with YG Entertainment, while discussions with the remaining two members are ongoing.
BLACKPINK recently concluded their highly successful world tour, ‘Born Pink,’ in September. The tour attracted a staggering 1.8 million attendees, with cumulative sales reaching nearly 300 billion won. Despite individual contracts being unresolved, both YG Entertainment and BLACKPINK members are expected to continue reaping substantial profits from the group’s ongoing activities. Fans are eagerly anticipating further updates on the individual contract negotiations and the group’s future endeavors.
