After 8 long and loyal years, Psy has decided not to renew his contract with YG Entertainment.
Psy, known worldwide for his viral and addictive hit, Gangnam Style, has decided to open up an independent agency and focus on creating the music that he wants.
YG Entertainment released an official statement today saying that they had long and deep conversations with Psy about his future, and ultimately decided to respect his wishes.
Psy has been craving adventure and new challenges for some time now.
While he has been grateful for all of the popularity that Gangnam Style has brought him, he wants to create a whole new image for himself.
Although Psy is no longer contracted by YG Entertainment, YG assures fans that the company and him will remain close and supportive of each other.
YG Entertainment has just lost another heavy hitter today, and with most of the Big Bang members currently enlisted in the army, they’re going to have to focus the entire efforts on their newer groups.
Hopefully this means more timely comebacks for WINNER, iKON, and Black Pink.