3 BLACKPINK members are reportedly leaving YG Entertainment
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BLACKPINK's Jennie, Jisoo, and Lisa are allegedly not renewing their contracts with their label YG Entertainment, but will remain with their group.
An exclusive report from Sports Seoul stated that only Rosé reportedly renewed her contract with YG Entertainment and that the other three members are moving to other agencies but are remaining as part of BLACKPINK.
The report also mentioned Lisa and Jisoo are allegedly transferring agencies for over ten billion won in down payment.
YG Entertainment has responded with a brief statement regarding the report. “BLACKPINK members' contracts have not been confirmed yet and are being discussed,” the agency said.
After the reports of BLACKPINK's possible departure from YG Entertainment, the label's stock prices dropped, decreasing by more than 13 percent. Data from the Korea Exchange on September 21 reveals that YG Entertainment's stock price fell to 69,200 KRW (51.59 USD) per share, a hefty decline of 13.28 percent from the prior day when the stock price was 79,800 KRW (59.50 USD) per share.
The exact future of BLACKPINK as a group under YG Entertainment remains unclear as the girls continue to negotiate their contracts.
IN THE MEANTIME, CHECK OUT WHAT HAPPENED AT THE BLACKPINK WORLD TOUR IN MANILA (BULACAN) LAST MARCH:
