BLACKPINK renews group contract with YG Entertainment, individual contracts yet to be finalised

All four members of the K-pop group BLACKPINK have renewed their contract with their label YG Entertainment after months of negotiations. The management company released a statement formally declaring the re-signing of the group on Wednesday. The agency said they have successfully negotiated with the members and that the group will continue to thrive under their debut label.

YG Entertainment issues statement

Confirming BLACKPINK’s future activities will take place under their label, YG Entertainment issued a statement, which read, “We are pleased to announce that our board of directors has successfully agreed 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.”

Individual contract details under wrap 

Negotiations with YG Entertainment began in August when their previous contracts expired. Although they decided to carry on with group activities, individual contracts for each member have not yet been finalized, according to K-media sources. The members have not made any announcements about their solo activities and still might sign under other companies for their solo projects like albums, advertisements and brand endorsements.

Notably, talks with the other two members are still ongoing, but two members—Lisa among them—have already decided to split ways with YG Entertainment, as per Munhwa Ilbo.

The news that the quartet is re-signing with YG Entertainment made a significant impact on the company’s stocks. Their stock saw a remarkable surge of 20% after the news of BLACKPINK’s contract renewal surfaced online.