BLACKPINK Sparks Concerns It Might Not Renew Contract With YG Entertainment: Industry Experts

Credit: BLACKPINK/YouTube Screenshot

Credit: BLACKPINK/YouTube Screenshot

BLACKPINK members Jennie, Lisa, Rosé and Jisoo might not renew their contracts with YG Entertainment, industry experts said.

Concerns grow as talks about BLACKPINK's disbandment emerged. It started as talks about the members' non-renewal of contracts surfaced on different social media platforms.

Aside from BLINKs, even industry experts are concerned about the fourpiece's future.

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Will BLACKPINK Members Refuse To Renew Their Contracts?

Sports World (via Naver) cited entertainment industry sources saying that BLACKPINK members might not continue working with the agency.

As of press time, BLACKPINK has an ongoing world tour, and its last official activity with YG Entertainment has been scheduled before the members' contracts expire.

According to the experts, YG Entertainment might fail to renew their contracts because of the "obstacles" that are keeping them from renewing their relationship.

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In addition, they fear that BLACKPINK might suffer the same way 2NE1 did. When BLACKPINK debuted in 2016, 2NE1 was also facing renewal issues. They also had their last official team activities in November of that year, only a few months after the Pink Venom hitmakers debuted.

With the arrival of Baby Monsters, experts said history might repeat itself.

Unfortunately, the girls would not be allowed to use the name BLACKPINK for their promotions if they decided to leave the agency.

BLACKPINK Will Leave YG Entertainment To Join THEBLACKLABEL?

Before the insiders spoke up, Korean news outlet KpopHerald (The Korea Herald's subdivision) reported that the girl group would transfer to the associate company.

"@BLACKPINK will change their agency to YG affiliate @THEBLACKLABEL, founded by Teddy, according to our sources. The industry insider added that the discussions over changing the girls' management had been made since early this year," the first update read.

YG Entertainment dismissed the reports at that time.

However, other reports claimed BLACKPINK would continue working under YG Entertainment. A Jan. 19 report by NH Investment & Securities said YG Entertainment would find it hard to win the members as they received higher guarantee offers elsewhere. For instance, Lisa reportedly received 100 million KRW to change her label.

YG would need to offer at least 20 billion KRW per member to make them stay. Others suggested that the company would present its new girl group, Baby Monster, to alleviate the potential failure of securing BLACKPINK members' contract renewals.

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