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Coldplay Wants to Quit. Record Label Says No Way, We So Own You

Posted by Fara Kearnes on February 16, 2006 5:36 PM |

ColdplayFrontman Chris Martin dropped a bomb last night at the Brit Awards suggesting that Coldplay was going to break up. Actually, it was more of a wish.

"This means so much to us, especially now," Martin said accepting the gongs for Best Single for "Speed of Sound" and Best Album for "X&Y."

"It's going to be a few years before you see us again." He then added, "People are fed up with us - and so are we."

Friends of the star have claimed he wants to spend more time with his bride-of-Coldplay Gwyneth Paltrow and their daughter, Apple. The couple is expecting a little peach or banana this spring. Yet there's more to Martin's desire to stop performing than just family matters.

However, today is the morning after and Coldplay's record label, EMI, quickly corrected Martin's statement - after the company's stock dropped 2 points in the market. A spokesman said: "Coldplay are not quitting. They are on the road until July, when their 16-month 'X&Y World Tour' ends in Japan. They will then continue working on new material."

Coldplay has been one of the label's most profitable bands since 1999 and EMI wants to keep the band under its thumb. They are so important in fact that EMI shares did a nose-dive last year after it was forced to delay the release of "X&Y". According to Forbes.com, Martin stirred up problems for EMI even then when he described shareholders as "the greatest evil of this modern world".

"I'm not comfortable with the slavery that we are all under to shareholders," Martin said last year. "I don't really care about EMI."



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