BLACKPINK have reportedly agreed to non-exclusive contract renewals with YG Leisure.
Based on an unique report from Munhwa Ilbo, BLACKPINK will keep their group actions with YG Leisure. Nonetheless, the contracts that they are going to be signing with YG Leisure are non-exclusive, which implies they are going to be free to signal with a unique company for his or her particular person promotions. It was additionally reported that two of the members have already signed this contract with YG Leisure. The 2 members that did signal weren’t named.
The BLACKPINK members are among the extremely touted people within the free company market proper now, with rumors of firms providing down funds of as much as ₩10 billion KRW (about $77.1 million USD) to safe their switch into their company. One Ok-Pop insider said that the BLACKPINK members are nonetheless in discussions with YG Leisure as a result of they do imagine it’s extra environment friendly to stick with YG Leisure as they supported BLACKPINK’s actions.
YG Leisure shared a brief assertion relating to this information.
We’re nonetheless in discussions. Nothing has been determined but.
— YG Leisure
Beforehand, it was reported that YG Leisure would share their official stance on BLACKPINK’s contract renewal via a company doc.
YG Leisure Shares New Replace On BLACKPINK’s Contract Renewals