South Korean girl group, BLACKPINK members have announced they are splitting with YG Entertainment for Solo endeavors.
On Friday (Dec. 29), YG published a statement announcing the decision. “YG recently signed an extension contract for BLACKPINK’s group activities and agreed not to proceed with a separate additional contract for individual activities,” read a translated statement provided to Billboard by representatives for YG Entertainment. “We will do our best to support BLACKPINK’s activities and will cheer for the individual activities of the members with a warm heart.”
Earlier this month (Dec. 6), Blackpink finally signed renewed contracts with YG Entertainment. The news was announced in a regulatory filing by the company on Wednesday and caused its KOSDAQ-listed shares to leap by 26% to KRW60,700 by midday.
Last week, Jennie also announced that she will be launching a new record label and company called OA. A caption of a photoset posted to the official OA Instagram page reads: “OA, which stands for ODD ATELIER, is a space that aims to create new things that attract attention in a different way from what is usual or expected. It is a label founded by artist JENNIE in November 2023.”
BLACKPINK Members Broke With YG Entertainment for Solo Endeavors