On December 30, it was reported that BLACKPINK would be leaving YG Entertainment in favor of the company’s subsidiary label THE BLACK LABEL.
According to the outlet KpopHerald (the K-Pop subdivision of media outlet The Korea Herald), it was believed that BLACKPINK would be leaving YG Entertainment and changing their management label to THE BLACK LABEL, which is an associate company under YG Entertainment.
[Exclusive] @BLACKPINK will change their agency to YG affiliate @THEBLACKLABEL, founded by Teddy, according to our sources. The industry insider added that the discussions over changing the girls' management have been made since early this year. #BLACKPINK #블랙핑크 pic.twitter.com/dVup3zPfTC
— KpopHerald (@Kpop_Herald) December 30, 2022
Following the initial rumors, a new statement has been released from YG Entertainment regarding BLACKPINK’s position within the company. In the statement regarding the reports of BLACKPINK moving to THE BLACK LABEL, YG Entertainment stated, “It’s not true.”
You can read the initial statement below.