Blackpink Has Signed Renewed Contracts With YG Entertainment

The news was revealed in a regulatory filing by the company on Wednesday, causing its KOSDAQ-listed shares to increase by 26% to KRW60,700 by midday. According to the filing, the board has completed a resolution about renewing the contracts with Blackpink's four members. This comes after months of speculation that the four-piece act, consisting of Jisoo, Lisa, Jennie, and Rose, would take their acts to another agency. Blackpink's previous contracts with YG expired in August. The individual contracts of the group members are still under negotiation. Blackpink was formed under YG in 2016 and has since gained recognition and popularity worldwide, leading to speculation that the old seven-year deal would need to be substantially renegotiated in the artists' favor. Blackpink's recent world tour included 66 performances in 34 cities and was watched by 2.

In The News:

'Fans rejoice as Blackpink end speculation about their future in K-pop, with Jisoo, Jennie, Lisa ...

K-pop agency YG Entertainment said all four members of Blackpink have renewed their contracts with it, dispelling concerns over whether the group would continue to make music after their existing contracts expired in August.

The label is still in talks with Blackpink regarding an exclusive contract for their solo activities.

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'YG Entertainment stock pops on Blackpink contract renewal

These rumours can now be put to rest. The Korean quartet will not only record and release albums, but also go on a world tour.

"We are happy to continue our relationship with Blackpink. Blackpink will continue to do its best to shine even brighter in the global music market as an artist representing not only our company but also K-pop."

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