Whether BLACKPINK will renew their contracts with YG Entertainment is expected to be revealed in the company’s third quarter quarterly report, which will be released in three weeks
It is difficult to predict the result as YG Entertainment has not yet made a clear statement on BLACKPINK’s contract renewal, but the current atmosphere is strengthening the claim that the renewal may have failed.
According to the entertainment industry on October 23rd, it is highly likely that BLACKPINK and YG Entertainment will reveal the situation of their exclusive contract renewal in mid-November.
YG Entertainment has always disclosed the status of exclusive contracts related to its major singers in quarterly reports, semi-annual reports, and business reports. According to the semi-annual report released in August, YG Entertainment has signed exclusive contracts with singers BLACKPINK, AKMU, WINNER, and TREASURE, etc as of the end of the second quarter.
Among them, BLACKPINK’s exclusive contract status may change in YG’s third quarter quarterly report.
BLACKPINK debuted in August 2016. Considering that the exclusive contract period is usually seven years, it is estimated that the group’s exclusive contract has already expired in August.
If the group has renewed its contract, it will be listed on the exclusive contract singer list in the company’s third quarter quarterly report. If not, it will be excluded from the list.
YG Entertainment has released its third-quarter quarterly report every second Monday of November for the past three years. At this rate, the third quarter of this year’s quarterly report is likely to be released on November 13. This means that the results of Black Pink’s renewal will be released in 3 weeks.
As YG Entertainment has made only an ambiguous positions regarding the issue, many predict that BLACKPINK may have actually left YG.
