GFRIEND will be leaving Source Music after failing to come to a contract extension with the company following extensive discussions, according to a statement by the company.
“Hello. This is Source Music. The exclusive artist contract with GFRIEND and Source Music will conclude on May 22. After careful consideration and extensive discussion, GFRIEND and Source Music have come to an agreement to follow separate paths to continued growth. For the past six years, GFRIEND has won the boundless love of K-pop fans through a wide range of concepts, performances, and songs that marked a new generation of girl groups and music. We would like to express our sincere and heartfelt gratitude to GFRIEND who has allowed Source Music to accompany them on their journey. We would like to deeply thank all BUDDY and fans who have shown your love for GFRIEND, and we ask that you give your unchanging love and support to the members who will begin their adventures in new and diverse areas. Source Music will always continue to cheer for the members as they take the first step towards new beginnings. Thank you.”
It has been reported elsewhere that they would also disband, but that’s not confirmed.
The news comes as a surprise, at least to me, given that GFRIEND has been a girl group that has maintained a good level of success and has made the transition to maturing their concept well. Would be a shame if this is the end for them.