YG Entertainment Denies BLACKPINK’s Jisoo and Jennie Establishing Solo Agencies, Contract Renewal Ongoing
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YG Entertainment has responded to allegations that BLACKPINK’s Jennie and Jisoo had launched their own record labels. According to one private media site, BLACKPINK members Jennie and Jisoo have each purportedly established a one-man agency through which they will primarily be managed, notwithstanding their ongoing promotional relationships with YG Entertainment. YG Entertainment officials responded to the news, saying, “There has been no confirmation given as of yet, concerning the [contract] renewal and future activities of BLACKPINK.” Meanwhile, Rosé is the only member of BLACKPINK who has confirmed her contract renewal with YG Entertainment. Korean internet users reacted to rumors that BLACKPINK’s Jennie and Jisoo were leaving the agency.
YG Entertainment shuts down report claiming BLACKPINK’s Jisoo and Jennie will each establish a “one-man agency” and reaffirms that the group’s contract renewal is still being negotiated.
— Pop Crave (@PopCrave) September 25, 2023
🔗: https://t.co/0mrvafsIUr pic.twitter.com/gdZkygPShC
BLACKPINK members Jennie and Jisoo began the process of forming their own individual agencies on September 25, according to News1. Many netizens expressed outrage in response to the report. Nonetheless, the vast majority of fans backed the idols’ alleged exit and applauded the members. According to South Korean media, YG Entertainment as well as the members of Blackpink are nearing the end of a’separated-but-together’ contract. While Rosé apparently chose to renew her contract with YG Entertainment, Jisoo, Jennie, and Lisa all declined the agency’s renewal proposals but stated that they intend to continue group activities. According to Sports Seoul, the trio are right now in the final stages of negotiating an amended contract in which they will work as a group for six months each year.
me and oomf auditioning for jennie and jisoo company pic.twitter.com/wkzhs50Ao9
— ria (@rosiesbitchxx) September 25, 2023
YG Entertainment Clarifies Claims That BLACKPINK’s Jennie And Jisoo Had Formed Their Own Record Labels
YG Entertainment has issued another brief statement addressing the contract renewal of the BLACKPINK members. On September 21, BLACKPINK member Rosé reached a contract renewal agreement with YG Entertainment, according to industry sources. Jennie, Jisoo, and Lisa, the remaining three members, are reportedly bargaining with multiple agencies while continuing their involvement in BLACKPINK activities for the duration of six months of the year. YG Entertainment issued a brief statement in reaction to the report, saying, “Currently, BLACKPINK’s contract renewal has not been finalised and is being discussed.” BLACKPINK’s previous deals with the agency came to an end last month. According to South Korean media, YG Entertainment and the members of Blackpink are nearing the end of a separate-but-together’ contract. While Rosé apparently decided to renew her contract with YG Entertainment, Jisoo, Jennie, and Lisa all declined renewal offers from YG Entertainment but stated their intention to continue group activities. According to Sports Seoul, the trio is currently in the final stages of negotiating an amended contract in which they will work as a group for six months each year.
Jisoo, who is likely to boost her acting career, and Lisa are said to have accepted revised exclusive contract offers totalling tens of billions of KRW. The media outlet, however, made absolutely no mention of Jennie’s expected trajectory. Many sources have suggested that Blackpink’s contract renewal status is unknown and that some members will be leaving YG Entertainment. While Lisa was apparently approached by an American agency, Jisoo’s talent as an actress was claimed to have drawn numerous foreign investors. Korean internet users reacted to rumours that BLACKPINK’s Jennie and Jisoo were leaving the agency. Many netizens expressed outrage in response to the report. Nonetheless, the vast majority of fans backed the idols’ alleged exit and applauded the members. “I think there’s absolutely nothing wrong with establishing your own agency,” one netizen commented. “I suppose it is acceptable.” “There’s a lot to do when you’re a one-man agency,” said another. “Do you believe that that they’re doing this for group activities?” Blackpink, comprised of Jisoo, Jennie, Rosé, and Lisa, made their debut in August 2016 through their debut single album Square One. The ‘largest girl group in the world,’ they are regarded as one of the Hallyu Wave’s leaders.
