YG Entertainment has shared an update on BLACKPINK‘s contract renewal negotiations.

In a statement shared with various media outlets including Sports Chosun, YG Entertainment shared an update regarding their contract negotiations with BLACKPINK.

We are negotiating with the artists regarding their exclusive contracts.

The final outcome will be revealed through the document regarding major management issues related to investments.

— YG Entertainment

Previous updates regarding YG Entertainment and BLACKPINK’s contract renewals have been largely the same “we are still in negotiations.” This time, YG Entertainment has provided an outlet where their announcement will be made.

 Finally, an actual update.