According to YG, reports of BLACKPINK moving to The Black Label is completely groundless
On December 30th, media site Kpop Herald reported that according to exclusive sources, BLACKPINK will change their agency from YG Entertainment to YG’s affiliate The Black Label, which was founded by Teddy.
Kpop Herald also added that an industry insider revealed that such a change in management has been made since early this year.
Meanwhile, according to Kpop Herald, when asked about BLACKPINK moving to The Black Label, an YG official said, “I’m not in the position to confirm the news, but our contracts with the members have not yet ended. It’s hard to confirm whether they will sign with The Black Label or not after their contracts end.”
However, YG announced to media outlet Newsen on the afternoon of December 30th that BLACKPINK’s transfer to The Black Label is “unfounded”, strongly denying the claims.
On the same day, YG also posted a teaser of their new 7-member girl group, which will be unveiled on January 1st, 2023.
BLACKPINK, who made their comeback with the full album “Born Pink” this year, is currently on their world tour. The group’s 7 year contract will expire in 2023, leading to speculations about whether they will continue signing with YG Entertainment.