YG Entertainment shuts down claims BLACKPINK moving to subsidiary label

[Source]

YG Enjoyment is shutting down promises that BLACKPINK is transferring to their subsidiary label, The Black Label.

On Thursday, reports from K-Pop Herald and The Korea Herald claimed BLACKPINK would move to The Black Label for long run administration, per an insider resource.

The Korea Herald report also claimed discussions regarding the members’ contracts and administration had been concluded early this 12 months.

The Black Label is helmed by producer Teddy Park, who has overseen BLACKPINK’s discography considering the fact that day one.

Much more from NextShark: China Pulls Their New ‘Mulan’ From Theaters Just after 3 Days For Flopping So Really hard

Additional from NextShark: Henry Golding to Star in Netflix Adaptation of Jane Austen’s ‘Persuasion’

A representative from YG Enjoyment responded to the studies, indicating: “What I can say is that our contracts with the users have not finished but. It’s really hard to affirm whether they will signal with The Black Label or not soon after their contracts stop.”

The BLACKPINK news joins a slew of YG Amusement announcements this week.

On Thursday, the amusement agency teased an graphic of their new septet woman team with an announcement scheduled for Jan. 1, 2023, 12 a.m. KST.

More from NextShark: Simu Liu and Bowen Yang are the 1st Asians to argue above who has extra ‘first Asian’ titles on ‘SNL’

On the very same day, the users of YG boy group iKON terminated their contracts with the label in a mutual agreement, ending a 7-year partnership. They are reportedly in talks to run beneath 143 Leisure.

Earlier this week, Taeyang and Daesung of BIGBANG still left YG following their agreement expirations, with the previous signing with The Black Label.

Much more from NextShark: Authorities in Seoul to phase out ‘Parasite’-style basement properties adhering to devastating flood