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On September 2, news from the stock market in South Korea revealed several important things about Big Hit Entertainment. In addition to information such as BTS being awarded shares and becoming shareholders of the company, as well as Jin's enlistment time, another issue caught the attention of many people: The contract termination deadline of the artists under Big Hit Labels.
According to the published information, these are the deadlines when the artists will have to decide whether they will renew the contract or not.
BTS's contract end date: 2024
TXT's contract end date: 2026
NU'EST's contract end date: 2022
SEVENTEEN's end date: 2022
GFriend's contract end date: 2021
After this information was announced, many fans of BTS were surprised, because on the group's 7th anniversary (June 13), the members repeatedly said June 13 was the day they made a new start. All of the 7 members decided to re-sign with Big Hit and the contract started from June 13, 2020. So, fans expected that the contract end date of BTS should be 2027, not 2024.
Meanwhile, GFriend's future is also what worries fans. Many people are quite surprised to realize that the girls only have until next year to sit down and discuss whether or not they want to continue with the company. Although fans really want to believe in GFriend, they are also anxious. There has been many cases where a few members of a girl group didn't renew the contract, especially when the group has worked for more than 6 years. However, some netizens said that GFriend would definitely renew their contracts because the group is the "trump card" - Big Hit Labels' sole girl group.
Here are some of Knet's comments on the contract expiration date of the Big Hit Labels' groups:
- "What company can be better suited to BTS than Big Hit? We will continue to see BTS. Don't worry."
- "GFriend will end their contract next year? Please re-sign, everyone."
- "NU'EST, please be active for a long time."
- "I still want to see the SEVENTEEN members!"
- "There must be many idiots expecting to see BTS disband."
- "Huh? GFriend only has one year left? I hope the girls stay together."
- "If BTS leaves Big Hit, I will not be surprised. The company is increasingly ambitious and takes advantage of BTS, disrespecting its members and fandom."
- "NU'EST, let's all go together!"
- "These groups have strong bonds, and they are also very popular. I think they will stay together! Stop expecting someone to go solo."