YG Entertainment has responded to reviews of a possible change in administration for lady group BLACKPINK.
Earlier immediately, a report by Kpop Herald claimed that the lady group will likely be parting methods with their founding company to affix The Black Label, a YG Entertainment subsidiary headed by Ok-pop producer Teddy Park.
[Exclusive] @BLACKPINK will change their company to YG affiliate @THEBLACKLABEL, based by Teddy, in accordance with our sources. The business insider added that the discussions over altering the ladies’ administration have been made since early this 12 months. #BLACKPINK #블랙핑크 pic.twitter.com/dVup3zPfTC
— KpopHerald (@Kpop_Herald) December 30, 2022
In a separate report by The Korea Herald, an business insider consulted by the media outlet claimed that discussions over the members’ contracts and alter in administration have been accomplished early this 12 months. A consultant from YG Entertainment has since responded to those reviews, stating that “there’s nothing [to] confirm regarding the news.”
“What I can say is that our contracts with the members have not ended yet,” the YG consultant mentioned of the information, per The Korea Herald. “It’s hard to confirm whether they will sign with The Black Label or not after their contracts end.”
Rumours of BLACKPINK’s departure from the label come on the heels of a number of idols ending their unique contracts with the corporate. Earlier immediately (December 30), it was introduced that YG Entertainment and iKON have “mutually agreed” to finish the group’s unique contract with the company.
Earlier this week, Big Bang members Taeyang and Daesung additionally parted methods with the company following the expiration of their contracts. It was later introduced that Taeyang had signed an unique contract with The Black Label. Their departure from YG Entertainment comes a number of months after member T.O.P left the company in February.