Netizens were abuzz with reactions following YG’s update on the ongoing contract discussions with BLACKPINK.
In a recent announcement, YG dismissed rumors that most BLACKPINK members would not be renewing their contracts.
They clarified that negotiations were still underway and that the official reveal would be in documents for investors.
Many netizens shared their thoughts on YG’s statement. Some speculated that YG might be delaying the announcement of BLACKPINK‘s contract status until the debut of BABYMONSTER, a new group.
Comments from netizens suggested that BLACKPINK members may have switched to THEBLACKLABEL, where Teddy, a producer, is affiliated with.
There were also comments questioning YG’s business tactics and whether the negotiations were taking longer due to BABYMONSTER‘s debut being a factor.
Some netizens even expressed the belief that the negotiations may have fallen through, citing the prolonged duration.
It’s unclear if some members of BLACKPINK have joined Teddy’s label, but netizens were actively discussing the possibilities with YG’s announcement.
Source(1)
