BLACKPINK will reportedly be switching agencies.

On Friday (30 December), The Korea Herald reported that the South Korean girl group, who are currently managed by YG Entertainment, will be moving over to the Seoul-based entertainment giant's subsidiary, THEBLACKLABEL. The news comes after the announcement that iKON have ended their contract with YG Entertainment.

Founded in 2015 by longtime BLACKPINK producer Teddy and Kush, THEBLACKLABEL is currently home to artists such as Løren, Jeon Somi, R.Tee, and Taeyang.

According to the news agency's source, the 'Shut Down' hitmakers' change of management is something that has been in discussion since early 2022. The source also clarified that YG Entertainment's contract with BLACKPINK has not ended yet and added that it is "hard to confirm whether they (the group) will sign with THEBLACKLABEL or not after their contracts end".

YG Entertainment itself has yet to issue an official statement. 

In September this year, BLACKPINK, made up of Jisoo, Jennie, Rosé, and Lisa, launched their long-awaited second studio album BORN PINK. The quartet are currently gearing up for the Asia leg of their BORN PINK WORLD TOUR, which will see them perform in cities such as Bangkok, Kuala Lumpur, Manila, Jakarta, and Singapore from January to May 2023.

Stream BORN PINK here: