K-netizens Respond To YG’s Ongoing Contract Renewal Negotiations With BLACKPINK

On November 14, YG Entertainment stated they’re negotiating BLACKPINK’s contract renewal.

YG Entertainment said it is still negotiating new exclusive contracts with the artists and will disclose the results soon. YG Entertainment said, “A new exclusive contract with the musicians is being negotiated as of the disclosure date. Disclosures of critical management matters relating to investment decisions will reveal the end results.”

YG Entertainment has been negotiating with BLACKPINK since August, when their exclusive contracts expired. Media reports indicate that Rose was the only member to renew her contract with YG, leading to speculation that Jisoo, Jennie, and Lisa have not renewed their contracts.

This is YG’s first news on BLACKPINK’s contract renewal in two months.

After the announcement, Korean netizens suspect that YG Entertainment did not renew the three BLACKPINK members’ contract. They speculate, “I feel like they keep pushing the announcement because they failed to renew,” “I have a feeling the contract was renewed for group activities with YG but for individual activities, they are going their separate ways,” “I know they’re pushing back the announcement until Baby Monster debuts,” “YG has a weird way of working,” “Didn’t Lisa say she wasn’t going to renew?” “This already confirms the outcome is what we expected,” “They’re definitely holding out until Baby Monster’s debut,” “I think YG should let the girls go if they can’t handle them anyway,” “Are they still negotiating?” “They don’t want their stock price to drop before Baby Monster’s debut,” “This is really taking a long time,” . “Will this come to a conclusion this year?”