BLACKPINK has formally extended their contract with YG Entertainment, putting an end to all rumors and speculations about the group’s possible departure. The management company for popular K-pop group BLACKPINK, YG Entertainment, made an official announcement on December 6 KST, stating that they had successfully negotiated with the members and that the group will continue to shine under the contract with their debut label.
In a statement the label backing BigBang and BABYMONSTER said “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.” They further added “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.”
Since their prior contracts expired in August, talks have been underway with YG Entertainment. Although it has been decided to carry on with group activities, individual contracts are still being negotiated with each member as per K-media sources. Apparently a few members are still considering pursuing solo careers after parting their ways with the agency but continuing as a group BLACKPINK.
