It was announced on October 4 that veteran hip-hop trio Epik High has departed from YG Entertainment, a major entertainment company that seems to be losing on multiple fronts in recent news. The announcement comes several months after Epik High front-man Tablo resigned from his role as leader of HIGHGRND, a label under the YG Entertainment umbrella.
“The contract with Epik High was terminated,” founder Yang Hyun Suk (YG) said. “This was a conclusion the two sides reached after a long discussion. We extend our heartfelt gratitude to Tablo and Epik High for the beautiful music they have presented over the past seven years.” The group was founded in 2003 and consists of members Tablo, Mithra Jin and DJ Tukutz.
Longtime critics of the management style of YG Entertainment will likely not find this move shocking. Fans of many of their previous and current acts scream into the social media void about the decisions of the founder, blaming “Papa YG” for false promotions, delayed releases and negligence. With this announcement on the heels of the corporation’s “Mix Nine” scandal, consumer habits seem to reflect a decline in the company’s prowess, too, as their stock value has dropped substantially over the past four years.
Will artists such as Lee Hi, Zion.T and One soon follow? Is the Netflix series with BIGBANG‘s Seungri actually an audition for his eventual departure from sub-label YGX and the takeover of the major label after all?
What are your thoughts?