YG Entertainment has responded to rumours that BLACKPINK may be about to move to its associate company, The Black Label, founded by YG producer Teddy.
The news, which was first reported by Kpop Herald, was met with a lukewarm response from YG Entertainment, with an official stating that they are “not in the position to confirm the news”. They added that while their contracts with the members have not yet ended, it is “hard to confirm whether they will sign with The Black Label or not after their contracts end”.
The speculation was further fuelled by other outlets, including SPOTV and Soompi, who have since reported that YG Entertainment have said the claims are “unfounded”.
