BLACKPINK fans will get a new album and a world tour from the K-Pop girl group soon. More good news has come to BLINKS -- BLACKPINK fans -- Wednesday after YG Entertainment announced that a new album and a world tour are coming up after members Jennie, Jisoo, Lisa and Rosé successfully renewed their group contract with their longtime label.

YG Entertainment briefly commented on reports circulating about BLACKPINK's contract renewal. YG Entertainment commented on the circulating reports that all four members of BLACKPINK -- Jennie, Lisa, Jisoo and Rosé -- agreed to continue group activities under the label.

YG Entertainment issued a new statement regarding BLACKPINK's contract renewal. Since August, the reported date of expiration of BLACKPINK's exclusive contract with YG Entertainment, BLINKS - BLACKPINK fans - have been waiting for an update regarding the members' contract renewal.

As YG Entertainment disbands 2NE1 girls group, Sandara Park expresses her sadness by writing a letter filled with heartbroken lines for her fans