Coldplay Countersues Former Manager for $17 Million

Coldplay is engaged in a authorized battle with their former supervisor to the tune of $17 million.

Dave Holmes, who managed the band for over twenty years earlier than they went their separate methods final 12 months, initially sued Coldplay for $12 million in August over an alleged contractual dispute, in keeping with Variety.

Now, nonetheless, the band — which incorporates frontman Chris Martin — is countersuing Holmes for $17 million for a mess of causes, together with for alleged unpaid commissions concerning their upcoming tenth and eleventh studio albums.

As a part of the countersuit, Coldplay is citing $10 million in damages throughout their Music of Spheres tour: bespoke stage pylons that have been unusable and a display screen that was too giant. (The band is at the moment on tour till September 2024 to advertise the album, which was launched in October 2021.)

They additionally claimed that Holmes borrowed $20 million from Live Nation, a tour promoter — the funds of which he allegedly used for a property growth in Canada.

A consultant for Holmes, in the meantime, informed U.Ok.’s The Times that the band’s accusations don’t maintain water. Us Weekly has reached out to Coldplay’s crew for remark.

“Coldplay know they are in trouble with their defense,” Holmes’ rep stated. “Accusing Dave Holmes of non-existent ethical lapses and other made-up misconduct will not deflect from the real issue at hand — Coldplay had a contract with Dave, they are refusing to honor it and they need to pay Dave what they owe him.”

The band formally fashioned in 1997 after the foursome met on the University College of London. Since the discharge of their first album, Parachutes, in 2000, Coldplay has received seven Grammys and dropped a number of studio albums.

In December 2021, the “Yellow” singer hinted that the band could also be closing their chapter within the close to future.

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“Well, I know I can tell you, our last proper record will come out in 2025 and after that I think we will only tour,” he informed BBC Radio 2 on the time. “Maybe we’ll do some collaborative things, but the Coldplay catalog, as it were, finishes then.”

This was not the primary time that Martin had opened up concerning the band’s plans. In October of the identical 12 months, he informed Absolute Radio: “This is not a joke, this is true, I think after 12 [albums] that will be the end of our catalog, but I think we will always want to play live together. So, I think in the way that the [Rolling] Stones do, it will be so cool if we can still be touring in our late 70s. That will be wonderful, if anybody wants to come.”