Rosé (Blackpink) is discussing signing a contract with Teddy's company

Kpop idol Rosé (Blackpink). Photo: Instagram

On June 17, Newsen reported that Rosé (Blackpink) is planning to join The Black Label to develop personal projects in the future, after her personal contract with YG Entertainment expires.

Shortly after, The Black Label confirmed: "We are discussing an exclusive contract with Rosé."

Since the end of last year, Blackpink members and YG Entertainment have come to an agreement that all four members will continue to sign contracts with the company but no one will renew their individual contracts.

This means that group activities will still be managed by YG as before, but individual activities of each person will be decided by them.

The three members Jennie, Lisa and Jisoo have announced the establishment of their own companies, including Odd Atelier (December 2023), LLOUD (February 2024) and Blissoo (February 2024).

Korean media has predicted that Rosé will soon follow in the footsteps of the members to establish her own company. But so far she has remained relatively quiet.

Rosé (Blackpink) is discussing signing a contract with Teddy's company The Black Label. Photo: Instagram

The Black Label started as a company under YG Entertainment in 2016, with producer Teddy (Park Hong Joon) as one of the founders.

But now, YG's stake in The Black Label has plummeted to around 21%. Teddy, who serves as creative director, is also the company's largest shareholder, with a 42% stake.

Earlier this year, Korean media reported that The Black Label would be leaving YG's office in Hapjeong, and moving its main office to Hannam W Office - a building in Hannam, Yongsan District, Seoul. This is a sign that The Black Label is gradually separating from YG.

If she signs with Teddy's company, Rosé will join artists Jeon Somi, Taeyang, Zion.T, Park Bo Gum...

The audience believes that joining The Black Label is a safe choice for Rosé, because Teddy is a producer who has been with Blackpink's music for the past 8 years. He understands the members well, so it will be easier to collaborate and produce music.

In addition, if Rosé does not establish her own company but signs a contract with another company besides YG, then The Black Label is the optimal choice when Rosé wants to easily maintain group activities with Blackpink.

However, there are also fans who express concern because The Black Label has not shown good support for its artists. The activities of Somi and Park Bo Gum since joining the company are very small.

Source: https://laodong.vn/giai-tri/rose-blackpink-dang-thao-luan-viec-ky-hop-dong-voi-cong-ty-cua-teddy-1354033.ldo