All members of GOT7 will leave JYP Entertainment. A representative from JYP Entertainment said on the 11th, “JYP held in-depth discussions with GOT7 members ahead of the expiration of the exclusive contract with the group on January 19. As a result, both parties decided not to re-sign in hope of a new future.

The official also added, “Although the official relationship is over, JYP will sincerely support the new future of GOT7 members.”

Check JYP Entertainment’s official statement below.

Hello, we’re JYP Entertainment.

JYP had an in-depth discussion with the members ahead of the expiration of the exclusive contract with GOT7 on January 19.

As a result, the both sides agreed not to renew their contract, hoping for a new future.

GOT7 has been a global idol group representing K-pop for 7 years since their debut on January 16, 2014.

We would like to express our sincere gratitude to all the fans, including GOT7 for the growth of K-pop and JYP, and I GOT7, who contributed to GOT7’s activities with their generous support since their debut.

Although the official relationship is over, JYP will sincerely support the new future of GOT7 members.

Thank you.

(Source: EDaily via en.kepoper.com