Musicrooms.net: Coldplay To Part With EMI

Coldplay To Part With EMI
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MusicRooms on 08 January, 2008
 
The band have a five album deal with the UK based label and will release their
fourth LP this summer.
However, they are also said to be planning the release of a greatest hits CD in
2009, which will fulfil their obligations with EMI and allow them to sign a new
contract with another label.
Paul McCartney and Radiohead recently left EMI, which has lost a number of acts
following a major takeover by equity firm Terra Firma last summer.
A source told the Daily Star: "There's so much uncertainty in the record
industry right now. The boys don't necessarily need a label any more. They
aren't even considering putting pen to paper on any type of contract until they
see what happens."