Wednesday, May 18, 2005

Coldplay: It's a Profit Deal!

According to Reuters, Chris Martin doesn't like EMI shareholders:

British rock band Coldplay played Manhattan on Tuesday to promote their highly anticipated new album and said they are uncomfortable that they sell so many albums they can move a major corporation's stock price. EMI Group Plc, the world's third-largest music company and owner of Coldplay's label Capitol, warned in February that profits would be lower because the band took longer than expected to finish their first studio album in three years.

But lead singer and charismatic frontman Chris Martin said in an interview, "I don't really care about EMI. I'm not really concerned about that. I think shareholders are the great evil of this modern world," Martin told Reuters before a concert at Manhattan's Beacon Theatre.

...Martin said the album was delayed because their first eight months of recording sessions produced songs that lacked the "spark" of such earlier hits as "Yellow," "Clocks" and "The Scientist." "It's very strange for us that we spent 18 months in the studio just trying to make songs that make us feel a certain way and then suddenly become part of this corporate machine," Martin said backstage.

...On Monday, the band recorded an episode of VH1's "Storyteller" show and told the audience there, "Deadlines mean nothing to us. We'll sink the whole company (EMI) if we have to," Billboard reported.
It really bothers me when a band signs to a huge label, gets very successful in part because of that label, then complains that the label expects them to make hits. It would be one thing if Coldplay were tricked into the arrangement, but they knew exactly what they were getting into when they signed to EMI (unless they've never heard of the Sex Pistols). I'm sure there were plenty of small labels with no shareholders that would have loved to sign Coldplay, and they would have given them total artistic freedom. But you don't marry Gwyneth Paltrow if you're signed to Minty Fresh.

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