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Coldplay On Strike?
Coldplay's manager has said the recent changes at EMI could mean the delay of the band's eagerly-awaited fourth album, 'Prospekt'.
Coldplay are said to be upset over the departure of Tony Wadsworth, head of EMI's UK Music Divison, and as a result are now considering their next move.
EMI was recently subject to a £3.2 billion takeover by the financier Terra Firma and thousands of redundancies are expected.
Speaking to the Times, Dave Holmes said:
"Tony was the reason a lot of bands sigmed to EMI. Artists want to work with music people, not finance guys.
"Why would you want to release an album with a record company in the midst of massive lay-offs? Coldplay have a lot of options. They are in the no hurry to deliver their new album."
The implications of this are serious for the beleagured record label. The delay of Coldplay's last album, "X & Y", led to a dramatic drop in EMI's share price while both Radiohead and Sir Paul McCartney left the company under a cloud last year.
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