It is reported that BLACKPINK leave YG Entertainment and go under The Black Label.
According to the post KpopHerald (department of K-Pop industry in the publication The Korea Herald) BLACKPINK abandoned YG Entertainment and go under the roof The Black Label.
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«According to our sources, BLACKPINK will be changing agency from YG Entertainment to affiliate company The Black Label founded by Teddy. An industry insider added that the girls’ label change was discussed earlier this year.».
«When asked if BLACKPINK YG Entertainment will be leaving YG Entertainment, a YG rep replied, “I can’t confirm the news, but the members’ contracts have not ended yet. It is difficult to say whether they will sign a contract with The Black Label after the completion of contracts or not.».
The Black Label was a subsidiary YGwhich means that YG controlled 50% of the shares. However, in November 2020 The Black Label became an associate YG. This means that YG owns a significant, but not a controlling stake. The Black Label.
Earlier this month YG Entertainment left Teyan and Deson from BIGBANG. Teyan went under the roof The Black Label.
Tommy © YesAsia.ru