PSY Leaves YG Entertainment After 8 Years

[benihime99.livejournal.com]

PSY has parted ways with YG Entertainment.

On May 15, the agency revealed through an official statement, “YG Entertainment and PSY have decided to conclude our exclusive contract. Through deep conversations with PSY, YG Entertainment has decided to respect PSY’s thoughts of craving new challenges.

The statement continues, “YG and PSY have been together with special trust for the past eight years. We provided endless support to PSY’s overflowing energy and passion for music, and we were also moved together as ‘Gangnam Style’ gained worldwide popularity.”

“Regardless of an exclusive contract, YG and PSY’s close relationship will last forever. We are cheering on PSY’s great new beginnings and wish for his health and happiness. We express our deep gratitude to the fans who have loved PSY as a YG artist until now,” YG Entertainment concludes.

PSY signed with YG Entertainment in 2010 and renewed his contract once to spend a total of eight years at the company.

Source: soompi, osen, officialpsy

Comments

[sra-interesante.livejournal.com]

End of an era ....

now you bet yg gonna milk other groups

specially with bigbang in the army
he was one of company breadwinners

[timetobegin.livejournal.com]

YG's gonna have to do something now that their biggest acts are gone/on hiatus, but I doubt that'll result in them giving more attention to their current groups? IKON and Winner maybe, definitely not BP.

[timetobegin.livejournal.com]

Has it been 8 years? Christ

[dior-chic.livejournal.com]

Good for him! I'm always happy for artists leaving YG

[typhlogirl.livejournal.com]

Yes sis, flee that sinking ship! #fuckYG

[theonlysolution.livejournal.com]

ngl I find it funny how r/kpop thinks this is a dramatic huge blow to YG when it looks like Koreans are more interested in mocking Yoochun over his breakup and some rising actress not wanting to deal with reporters at the airport.

[kenziekinz09.livejournal.com]

“Koreans are more interested in mocking Yoochun over his breakup” Where can I join in? Lol

[miss-suunshinee.livejournal.com]

you read [and trust?] netizenbuzz biased translations i see ..... i bet you believe hyuna is a slut and T-ara are bullies like that blogs always wanted western fans to believe

LMAO

[stephantasm.livejournal.com]

this comment is doing the most

[benihime99.livejournal.com]

this user always is

[aures.livejournal.com]

psy after reading about YGs finances:

[vintage-boom.livejournal.com]

Good for Psy. I wonder if he’ll sign with a smaller agency for a better cut or if he’ll start his own.

YGE keeps taking those Ls

[xlovexlessxtyx.livejournal.com]

Whew. What a mighty Tuesday indeed.

Not really a huge fan of his music, but good for you sis! Fly free!

[scionofawhisper.livejournal.com]

Now YG is gonna focus more on his beef restaurants and all his other investments, lmao.

[mikachi613.livejournal.com]

Maybe YG will take the hint and change the way they promote their artists?

[mikachi613.livejournal.com]

After those last profit margin loss reports, something's gotta give. They're dumb, but not that dumb.

I really hope he doesn't wreck Akdong Musician, they're great and I feel like if Lee Hi leaves, they might too.

[vintage-boom.livejournal.com]

HDU they did a SPRITE commercial!!! that's all they need!!! /s

but seeing the fan demands in the last post about BP...did they really not even finish releasing their BP House show? wow

[vintage-boom.livejournal.com]

ah ok! that makes a little more sense than just not airing the actual last episode. guess they maxed out budget/footage they had and couldn't put an ep together after the fact.

[allsugarfree.livejournal.com]

So that is why BP is preparing for a comeback

[kaykaydelight.livejournal.com]

Good; and I hope artist continue to leave. BlackPink should head on over to SM to really stick it to uYGly while also giving us the BlackVelvet sub unit we deserve.

[vintage-boom.livejournal.com]

that agency would be so powerful i'd buy everything they put out.

[miss-suunshinee.livejournal.com]

after how sm ignore fx members and used red velvet during jjong mourning .... i really doubt they know how to treat any girlgroup ... sm isnt any better than yg

[mjspice.livejournal.com]

Wooooooooow. So is he gonna start his own company or?

[yxerin.livejournal.com]

psy's throwing out the trash in his life as part of the (not so new) year, inspirational. ever since i learned abt the anti-american song incident i've developed an odd liking for the dude, hopefully he can go back to spitting fire abt the horrors of american imperialism again