Coldplay reportedly to release on EMI after all
British rock band Coldplay will release its new album through EMI Group this summer, the band’s manager was quoted as saying on Thursday, a month after he threatened to withhold the record in protest of major cost-cutting by the beleaguered London label’s new owners. The album will be a key test for private-equity investor Guy Hands, who led a 3.2 billion pound ($6.25 billion) buyout of EMI last year. He quickly unnerved musicians by looking for ways to trim the fat in an industry known for its wanton excess and loss-making deals. Hands’ strategy includes laying off up to a… Read more »
