In the midst of persistent rumours surrounding BLACKPINK’s breakup, recent rumours state that members Jisoo and Jennie would shortly be establishing their own agency. According to reports, the members of BLACKPINK are now debating their contracts with their management company YG Entertainment. In the midst of this, the agency eventually ended its muteness and made a brief statement.
YG Entertainment reacts
News1 reported earlier in the day that Jennie and Jisoo had already created their own separate agency, which they would probably join after their contract with YG Entertainment expires. It further said that discussions concerning the group activities are now taking place between the group and the agency. The members’ separate activities are anticipated to be handled by their respective agency.
As stated by Soompi, YG Entertainment responded to the report by saying: “Nothing has been confirmed regarding BLACKPINK’s contract renewals and their future activities.”
BLACKPINK contract renewal speculations
According to Soompi, BLACKPINK member Rose has renewed her contract with YG Entertainment. The negotiations for the transfer of the remaining three members, Jennie Jisoo and Lisa, are still ongoing as they seek employment with unnamed agencies. The members reportedly only want to continue their group activities for six months out of the year so they may concentrate on their solo careers.
YG Entertainment stated, “Currently, BLACKPINK’s contract renewal has not been confirmed and is being discussed.”
According to earlier rumours, the Seoul-based business has already been harmed by the rumoured departure of BLACKPINK from YG Entertainment. A 30% decline in the stock price of YG Entertainment was reportedly seen last week.
