Jakarta, CNBC Indonesia – YG Entertainment officially announced that all BLACKPINK members have not extended their individual contracts with the agency even though they have signed contracts for group activities, Friday (29/12/2023).
Launching from Soompithis was revealed by YG Entertainment as the agency that has managed Jisoo, Jennie, Rose and Lisa since starting their activities as BLACKPINK.
“Hello, this is YG Entertainment. BLACKPINK has recently renewed their contract with YG for group activities,” wrote YG Entertainment in a release, Friday (29/12/2023).
“And we have agreed not to continue additional contracts for the members' individual activities,” continued YG Entertainment's announcement.
Even though Jisoo, Jennie, Rose, and Lisa did not renew their individual contracts with the agency, YG Entertainment admitted that it still respects this decision and is committed to continuing to support BLACKPINK and its members' activities well.
“We will do our best to support BLACKPINK's activities and we will also support the members' individual activities with a warm heart. Thank you,” concluded YG Entertainment.
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Photo: Blackpink (Instagram/theroyalfamily)
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Then, what will happen to the BLACKPINK members after not renewing their individual contracts with YG Entertainment?
By not extending their individual contracts with YG Entertainment, all activities of the four members outside BLACKPINK will no longer be under the auspices of Yang Hyun Suk's agency.
Therefore, Jisoo; Jennie; Rose; and Lisa can freely sign contracts with other agencies for promotions or individual activities. In fact, they also have the right to establish an agency, as Jennie has done.
On December 24 2023, Jennie officially announced the launch of a new agency, ODD ATELIER or OA. The launch of OA is proof of rumors that the idol who was born on January 16 1996 will establish a new agency.
“Hello, this is Jennie. This year has been filled with many achievements and I am very grateful for all the love I have received,” wrote Jennie at the launch of the agency via an Instagram Story upload on her personal account (@jennierubyjane).
“I am very excited about whatever is to come, as I embark on a solo journey in 2024 with a company I founded called OA,” added Jennie.
In her announcement, Jennie hopes that fans and lovers of the South Korean entertainment industry can provide support for her agencies, OA and BLACKPINK.
“Please show a lot of love for my new beginning with OA, and of course, BLACKPINK. Thank you,” concluded Jennie.
Even though Jennie has her own agency and Jisoo, Rose and Lisa are not bound by individual contracts with YG Entertainment, they will remain active in the KPop world as BLACKPINK through an exclusive contract which was signed on December 7 2023.
In other words, The Biggest Girl Group in The World it has not disbanded and will continue its musical activities.
[Gambas:Video CNBC]
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