PSY’s Contract With YG Entertainment Ends, Will Not Renew Contract
PSY’s contract with YGE has expired.
YG Entertainment announced on May 15th that their exclusive contract with PSY has ended after 8 years.
YGE said that although their contract with PSY has ended, they will still continue to have a strong relationship with each other.
“After discussing with PSY, we decided to respect his decision and desire for new challenges. YG and PSY’s strong relationship will be forever, regardless of the contract. We will cheer for his wonderful new start, and wish him wealth and happiness.” they said.
PSY had been with YG Entertainment since 2010.
Read YGE’s statement:
YG Entertainment has decided to end its exclusive contract with PSY.
YG has decided to respect PSY’s desires to start a new challenge through after having a discussion.
YG and PSY have been together with a special bond for the last 8 years.
We have been giving immense support to PSY’s energy and passion for music, and for sharing the excitement of ‘Gangnam Style’.
The strong relationship between YG and PSY will last forever, regardless of the contract.
We support the wonderful new start of PSY, and pray for his health and happiness.
We are deeply grateful to all the fans who have loved PSY as a singer of YG.