Coldplay Expected To Leave EMI

[DudeAsInCool]

The UKs Daily Star suggests that Coldlay's "fourth album could be their last proper studio effort for the struggling label, who have seen Sir Paul McCartney and Radiohead leave in the past year.

Chris Martin, 30, right, and Co can fulfill their current five-album deal with EMI /Parlophone by issuing a Best Of collection in 2009, thus making the multi-platinum selling act free agents."

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[Jamez]

I wonder if they will do it all themselves now like Radiohead and Nine Inch Nails are doing.

[method77]

Robbie Williams Leads Strike Against EMI

http://www.beatking.com/forums/index.php?showtopic=31748

[DudeAsInCool]

The Daily Swarm reports that EMI is

1) close to raising $200 Million in investment

2) is preparing to lay off 1/3 fo their 6000 manned staff

3) plans to take a 'focus group' approach to album releases

I find #3 to be frightening. They might as well be in the detergent business.

[method77]

I feel bad about the people fired but there is no other way. Labels will eventually die

[method77]

The Verve threaten to withhold next album as well