K-Pop agency YG Entertainment has announced that all four members of Blackpink have renewed their contracts with the company, allaying concerns about whether the group will continue with its music activities after their existing contracts expire in August. It was announced that.
The label is currently negotiating with BLACKPINK for an exclusive contract for solo activities.
Shares of the Seoul-based artist promoter rose as much as 29% on Wednesday, the biggest intraday gain in more than a decade. Blackpink is planning a new album and world tour with YG, the agency said in a statement.
YG founder Yang Hyun Suk said in a statement, “We are happy to continue our relationship with Blackpink.”
“BLACKPINK will continue to do its best to shine even brighter in the global music market as artists representing K-pop, and we will continue to give them our unwavering support and unwavering trust in their actions.”
The news of BLACKPINK’s contract renewal caused a wave of excitement among fans who were looking forward to their reunion.
“We won hard. Real music is back,” one person commented on X, formerly known as Twitter. Another wrote: BLACKPINK’s journey continues with all four members renewing their contracts. The future looks brighter than ever! ”
However, some fans expressed their dissatisfaction with YG, with one saying: They all deserve better. ”
BLACKPINK debuted in the K-pop world in 2016 and became the most popular girl group in the world, setting records on the Billboard charts with hit songs such as “Shut Down” and “Pink Venom.”
The group, whose members include Jisoo, Lisa, Jennie, and Rosé, became K-Pop’s first headliner at the Coachella festival in California, and this year’s biggest sold-out global tour ever.
Last month, the Blackpink members were honored by Britain’s King Charles as ambassadors for the United Nations Climate Change Conference, which the UK will chair in 2021, for their work in bringing the message of environmental sustainability to a global audience. He was awarded the Order of the British Empire.