How’s This for a Headline: Coldplay and Pink Floyd Dropped from their Record Label

A headline like that will get any music fan’s attention.  And while it’s a bit misleading it’s also quite true.

Now that Universal has regulatory blessing to swallow EMI, they have to follow through on some conditions imposed by various government organizations–and clauses contained within the contracts of some EMI artists.

Under the deal, Universal has to set free a number of big-name acts.  Both Coldplay and Pink Floyd have contracts that trigger free agency in the event that EMI disappear.  They’ve been “dropped” by contractual agreement.  Or at least that’s my understanding of the issue.

Meanwhile, Universal has been ordered to sell off a number of EMI subsidiaries including Chrysalis and Parlophone.  That means artists signed to these labels (Gorillaz, Depeche Mode, David Bowie, Duran Duran, Depeche Mode, Moby, David Guetta and many more) will have to wait to see where they land.  I’m sure many of them also have interesting passages in their deals, too.

And the Beatles?  Universal is keeping them. Are you nuts?

Meanwhile, enjoy this musical farewell to EMI from Beans on Toast.  (NSFW lyrics, mind.) 

Alan Cross

is an internationally known broadcaster, interviewer, writer, consultant, blogger and speaker. In his 30+ years in the music business, Alan has interviewed the biggest names in rock, from David Bowie and U2 to Pearl Jam and the Foo Fighters. He’s also known as a musicologist and documentarian through programs like The Ongoing History of New Music.

2 thoughts on “How’s This for a Headline: Coldplay and Pink Floyd Dropped from their Record Label

  • September 26, 2012 at 1:24 pm
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    Duran Duran are not on EMI and have not been for some time. The last album was through TapeModern (their own) and Allido (Mark Ronson), and previous to that were signed to Epic (part of Sony ME).

    Reply
  • September 27, 2012 at 3:59 am
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    Where is Depeche Mode signed again?

    Reply

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