'Coldplay quitting label' claims denied

Reports that Coldplay are set to leave their record label EMI have been dismissed by a source at the label.

Stories have been appearing yesterday (January 8) suggesting that the band only had one more album to deliver following the release of their next studio album, rumoured to be called ‘Prospekt’ and due out later this year.

The stories speculated that a greatest hits collection would follow and then the band would be free agents.

However, a source at the label told NME.COM today (January 9) that was not the case and the band remain in contract with the label.

“In reality Coldplay are signed to a long-term record deal with EMI and are committed to produce a number of studio albums," they explained. “The band's relationship with EMI is both long-term and very healthy and positive. Any suggestion to the contrary is incorrect and unfair on both parties.”