BLINKs, it seems like there’s a few more days of uncertainties as YG Entertainment revealed that the discussion on the BLACKPINK members’ contract renewal is still underway. 

On Thursday, September 21, the agency responded to reports and rumors surrounding the possible departure of several BLACKPINK members from YG Entertainment. 

“Currently, BLACKPINK’s contract renewal has not been confirmed and is being discussed,” the label told Korean media. 

Rumors surrounding BLACKPINK’s move 

At first, it was only member Lisa who was initially rumored to be not renewing her contract. 

Several reports and “industry insiders” have claimed that the Thai rapper has rejected two offers from YG. One of the alleged contracts is reportedly worth 50 billion South Korean won. 

Furthermore, other reports are claiming that Lisa might sign with an American agency instead. Aside from the worth of the contract, the deal also promises business and promotional opportunities for the artist. 

However, recent circulating reports are claiming that only member Rosé will be re-signing with YG Entertainment. Which means that Jennie and Jisoo will also leave the agency, aside from Lisa. 

According to the Daily Sports Seoul, the three members are in the final negotiations with other agencies. In the report, it also claimed that Jisoo is planning to expand her acting career. 

In response to these rumors, YG Entertainment reiterated that nothing has been finalized yet regarding the members’ contract. 

What future awaits BLACKPINK? 

For months, the ongoing saga about BLACKPINK’s contract renewal has caught the attention of the media. Given that the group marked their seventh debut anniversary on August 8, those familiar with the industry know that BLACKPINK’s renewal news is just around the corner. 

With the group primarily focusing on wrapping up their BORN PINK world tour, industry insiders are expecting that the announcement might be delayed until September or October. 

While many are already keen that most of the members will leave YG Entertainment, several reports have also raised discussions about the chances of the group renewing with the agency. Some reports have even projected possible payouts that the BLACKPINK members will receive should they stay with the label. 

However, given the uncertainties, it’s undeniable that it will shake YG Entertainment, with some reports showing that the agency’s stocks have plummeted. 

Even fans are concerned as there’s still no assurance whether BLACKPINK will stay together,  disband, focus on solo projects, or continue with group activities despite being in different agencies. 

Featured image: BLACKPINK posing for a photo from their ‘Shut Down’ promotions. Credit: Facebook/BLACKPINK