The queens of K-pop are back! It has been officially announced that BLACKPINK has renewed their contract with YG Entertainment.
Amidst all the speculations about the group disbanding and focusing on solo projects, it has finally been revealed that K-pop girl group BLACKPINK has decided to extend their contract with their label YG Entertainment, putting an end to all rumours. The management company officially announced on December 6, stating that they negotiated with all the four members and will continue with group activities under their label.
In a statement, the label said "We are pleased to announce that our board of directors has successfully come to an agreement on the signing of exclusive group contracts for all four members of BLACKPINK, our talented artists." They further added “BLACKPINK will continue to do its best to shine more brightly in the world music market as an artist representing K-Pop, and we will continue to give their unwavering support and faith in their actions.”
Since BLACKPINK's earlier contract expired in August of this year, there were many speculations, which led to the rise of rumours about disbanding. However, behind the scenes, talks were underway with YG Entertainment. As of now, only group activities have been dealt with; individual contracts of the members are still in the talks. As per various K-media sources, it seems that some members want to focus on solo projects while still being in the group.
Upon the news of the 'Pink Venom' hitmakers announcing a comeback as a group, the label YG Entertainment's stock saw a wonderful 20% rise. The fandom, popularly known as 'Blinks' took the internet by storm with their excitement, celebrating this feat. A fan wrote "blackpink owns them," other comments read, "Blackpink queens," "bc theyre the queens of k-pop," “BLACKPINK raising YG from death," "BP is their only income these days."