PSY Departs From YG Entertainment After 8 Years
After 8 years with YG Entertainment, PSY has departed.
The agency released an official statement regarding the departure on May 15, 2018. They stated that “YG Entertainment has decided to terminate its exclusive contract with Psy. In a deep conversation with Psy, YG decided to respect Psy’s desire for new challenges. YG and Psy have been together with special beliefs for the past eight years. It supports Psy’s energy and passion for music and shares the excitement of gaining worldwide popularity. The relationship between YG and Psy will last forever regardless of the exclusive contract.” It appears that the company and artist are parting on friendly terms!
In 2010, PSY signed with YG Entertainment and renewed his contract once. In total, he has spent 8 years with the company, and seen a number of successful hits released. In May of 2017, PSY released two killer new tracks “New Face” and “I Luv It“. Both tracks earned fans love and adoration and had people all over the world dancing around alongside the song.
Best of luck to PSY in his future endeavors.