Global phenomenon and K-pop girl group BLACKPINK has officially resigned with YG Entertainment.
After months of speculation that some of the band members, namely Jisoo,Jennie and Lisa were planning on parting ways with YG when their exclusive contract ended in August, it has now been announced that all the members have renewed their contracts. Following the news, the company’s shares increased by 26% according to regulatory filings.
In the filing on Wednesday, YG Entertainment released a statement,
“The board has completed a resolution about renewing the contracts with BLACKPINK’s four members.”
YG founder Yang Hyun Suk said in another statement,
“We are pleased to continue our relationship with BLACKPINK.
BLACKPINK will continue to do its best to shine even brighter in the global music market as an artist representing not only our company but also K-pop…And we send our unwavering support and faith to fans.”
