GOT7 will leave their long-time label JYP Entertainment when their contract expires later this month.
The South Korean record label confirmed the band’s departure in a new press statement, revealing that the group will no longer be a part of the company after their contracts expire on January 19. JYP Entertainment also hinted that it was a mutual decision to part ways.
“JYP has held thorough discussions with the GOT7 members ahead of the expiration of their exclusive contract on January 19. As a result, both sides have agreed not to renew the contract while hoping for a fresh future,” JYP Entertainment said.
“We genuinely thank GOT7 for being part of the growth of K-pop and JYP, as well as… all fans who have been a source of motivation to GOT7’s activities with their endless support since their debut,” it added. “Our official relationship ends here, but JYP will sincerely cheer on the new future that the GOT7 members will advance into.”
South Korean outlet Dispatch also reports that the individual members of the group are set to sign with various different labels after their departure from JYP Entertainment. The publication also noted that a source close to the boyband claimed that the septet will “make time” to reunite in the future.
The group’s last album under JYP Entertainment will be Breath of Love: Last Piece, which dropped last November. Revisit it below: