BLACKPINK switching from YG Entertainment to The Black Label
BLACKPINK, the popular K-pop girl’s group, will leave YG Entertainment and other artists to join The Black Labels.
Taeyang and Daesung from Big Bang and the K-pop boy band iKON have recently left YG Entertainment, the Korean business where they started.
The female group was created by YG Entertainment, & comprises Jisoo, Rosé, Jennie, and Lisa. With the release of their single album, Square One, in August 2016, BLACKPINK made its public debut. The album featured the songs “Whistle” and “Boombayah,” which became their first number-one entries on the US Billboard World Digital Song Sales chart and the South Korean Gaon Digital Chart.
According to the most recent corporate filings, YG Entertainment owns a 30.11 percent share in The Black Label, an affiliate firm that BLACKPINK will leave YG Entertainment for, according to the Korean media outlet Korea Herald, on December 30.
According to our sources, Teddy-founded YG affiliate @THEBLACKLABEL will become @BLACKPINK’s new management company. “According to the business insider, talks on replacing the management of the girls have been going on since the beginning of the year,” the Korea Herald tweeted.
When asked about BLACKPINK’s switch to The Black Label by YG Entertainment, a representative responded, “I’m not in a position to confirm the story, but our contracts with the members have not yet expired. It is challenging to predict whether they will sign with The Black Label after their contracts expire.”
When asked about BLACKPINK’s departure from YG Entertainment, a YG official said, “I’m not in the position to confirm the news, but our contracts with the members have not yet ended. It’s hard to confirm whether they will sign with The Black Label or not after their contracts end.”
Their contracts are expected to expire in 2023 based on the typical K-pop artist deal of seven years.
T.O.P., Taeyang, and Daesung, members of Big Bang, have departed Y.G. Entertainment. Transferring to The Black Label was Taeyang.
On December 30, Y.G. Entertainment released a statement confirming that iKON had departed the company.
According to the agency, actor Gang Dong-won also quit Y.G. Entertainment.