GFRIEND is parting ways with Source Music, which is a subsidiary of HYBE (Big Hit Entertainment), its agency for years. According to the news received on May 18, 2021, the 6-member group did not renew its contract with Source Music and the group and the agency departed fro each other.
The official statement by Source Music is as follows:
“Hello. We are Source Music.
The exclusive artist contract with GFRIEND and Source Music will expire on May 22.
After careful consideration and thorough evaluation, GFRIEND and Source Music reached an agreement to follow separate paths to sustain their growth.
Over the past six years, GFRIEND has won the boundless affection of K-pop fans through a wide variety of concepts, performances and songs that have left their mark on next-generation girl groups and music.
We would like to express our sincere and heartfelt gratitude to GFRIEND for allowing Source Music to accompany them on their journey.
We would like to thank all BUDDY and its fans for showing their love for GFRIEND, and ask you to give your love and support to members who will begin their adventures in new and different areas.
Source Music will always continue to encourage members who take their first steps to new beginnings.
Thank you. “
Will the group GFRIEND disband or work with a different agency?
