BLACKPINK is reportedly leaving YG Entertainment to transfer to The Black Label.
On Friday, South Korean media outlet The Kpop Herald reported that the 4-piece global girl group will be moved to The Black Label, a subsidiary of YG, once their contract with the agency expires in 2023.
The news comes after YG Entertainment announced that its boy group iKON has decided to part ways with the label.
A representative of YG Entertainment has allegedly issued a statement in response to the ongoing rumors surrounding BLACKPINK's management.
"There’s nothing I can confirm regarding the news. What I can say is that our contracts with the members have not ended yet. It's hard to confirm whether they will sign with The Black Label or not after their contracts end," the representative said.
Founded in 2015 by BLACKPINK's long-time producers Teddy and Kush, The Black Label is currently home to artists Somi, Taeyang, and others.
