OMG Is BLACKPINK Breaking Up? Contract Renewal Details, YG Entertainment Statement, More

BLINKS, take a sigh of relief. After months of negotiating their contracts, BLACKPINK has finally reached a decision with their current label YG Entertainment.

Keep reading for details and updates on BLACKPINK’s contract negotiations.

Are BLACKPINK Signing With Different Labels?

In September 2023, South Korean outlet Sports Seoul first reported that BLACKPINK members Jisoo, Jennie and Lisa were gearing up to sign contracts with other labels, while Rosé would renew her contract with YG. The outlet cited “multiple music industry officials” when reporting the news. The report came one week after Lisa allegedly rejected two contract renewal offers from YG Entertainment.

A prior report from July 2023 revealed that Lisa had “not been able to find an agreement” regarding a contract extension with YG Entertainment. South Korean media outlet Munhwa Ilbo, cited an “industry insider,” who claimed that “it is known that the difference between the two sides is quite large.”

However, on December 6, 2023, YG Entertainment officially made an announcement regarding the group’s contracts.

“We have successfully reached an agreement within our board of directors regarding the signing of exclusive group contracts for all four members of BLACKPINK, our esteemed artists,” they wrote. Phew!

Is BLACKPINK Breaking Up?

BLACKPINK will continue working as a girl group under YG, the label announced in December 2023.

Back when BLACKPINK first started negotiating their contracts in August 2023, news outlet Sports Seoul claimed that the Jisoo, Jennie and Lisa “are in last-minute discussions” with a “separate yet together strategy.” They were reportedly expected to sign with other labels, but spend six months out of the year as part of BLACKPINK.

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ICYMI, the four-member group was formed by YG Entertainment in August 2016, quickly becoming one of the most successful girl groups of all time. From winning Time Magazine’s 2022 Entertainer of the Year, to being the first K-pop act to headline Coachella, the girls have dominated the music industry since their debut.

Jennie spoke about their success in a Forbes interview in December 2020. “We’re very honored to be named the biggest girl group because we all started wanting to be that,” she began.

“And it’s hard to see the reality where people actually call us that. We feel very responsible … and pressure … Even though it’s a big title and with the amount of love and support we receive … I guess we want to keep doing what we do, be a group of positive influences and keep making great music for you guys. We’re very grateful for how the world sees us and it gives us motivation.”

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