I believe, though I could be wrong, that with the release of Mylo Xyloto Coldplay have met the terms of there contract with EMI. Or n simpler terms, once Coldplay release a ceratin number of albums, they can either renew there contract with EMI or go else ware, perhaps even creating there own lable, similar to The Beatles' Apple Records.

 

So what do you think they will do? EMI is having alot of financial problems, but remember, if they were to drop the label the instruments and other equipement provided by the studio would no longer be available.

 

I personally think they're gonna leave, maybe release a live album first. I also think POC is sort of like there last shot at a U.S #1 (though they deserve so many more). Just my thoughts though.

Well they couldn't stop them from recording in the Bakery/Beehive because Coldplay own that so it wouldn't be a problem at all.

 

It's a rare case of a band being more powerful than the record label itself here. Coldplay could re negotiate their contract and dictate the figures with EMI. EMI know that if Coldplay were to leave then that would be a massive blow to the company. As I understand a Russian billionaire is wanting to buy them (or have I misheard - anyone about to clarify). I suspect he's particularly interested in the next move of Coldplay.

 

For me Coldplay have two options. Sign one of the biggest music deals seen in history with another massive record company (little benefits really apart from big money) or do the preferable thing and set up their own record company.

 

Good day Coldplaying!

Does this answer your question? http://www.spinner.com/2010/08/18/coldplay-secure-massive-new-deal-with-universal/

^ Insightful!

 

£1000 on a game of table tennis?! Feel sorry for any roadie that loses!:lol:

Does this answer your question? http://www.spinner.com/2010/08/18/coldplay-secure-massive-new-deal-with-universal/

 

That's not a record deal. That's only to cover song writing/publishing. This has always been the case since the band started out when they signed with BMG Musical Publishing around 1999 but BMG were bought by Universal in 2007 so in effect have always been with the same company on this issue.