JYP Entertainment and GOT7 have officially confirmed that the band members will be leaving the company after not successfully coming to terms over new contracts.
Fans had been speculating over the band’s future after it was noted that their contracts were up for renewal and expiring on January 19, 2021. None of the band’s seven members decided to renew their contracts and have since been in talks with other companies for their next steps.
In a statement, per Soompi, JYP confirm that the band is looking for a “fresh future” and thanked the band for all that they’ve done since they debuted back in 2014.
Hello. This is JYP Entertainment.
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.
GOT7 has performed exceptionally as a global idol group that represents K-pop since their debut on January 16, 2014.
We genuinely thank GOT7 for being part of the growth of K-pop and JYP, as well as I GOT7 and all fans who have been a source of motivation to GOT7’s activities with their endless support since their debut.
Soompi also previously translated Dispatch’s report that several of the band members have been in talks about their futures to different companies. According to Dispatch, Jinyoung has been in talks with BH Entertainment, Yugyeom is talking to AOMG, Youngjae is being scouted by Sublime Artist agency, and JB has received several offers for a solo contract.
Jackson is set to work on his own label, Team Wang, with another agency. BamBam is in talks with MakeUs Entertainment. Meanwhile, Mark is planning to return back to Los Angeles to be with family and open a YouTube channel.
Several members posted about the band’s future on their social accounts, including Mark who hinted that the group might continue in some way shape or form after their contract ends.
“The past 7 years have been the best years of my life,” he wrote. “Nothing is coming to an end, just the beginning. The seven of us are going to continue to bring you guys the best version of us till the end. #GOT7FOREVER”
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We can’t wait to see what the guys have up their sleeves next!
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