Coldplay have reportedly settled a lawsuit with their former manager Dave Holmes, ending a legal battle that has been going on for several years.
The lawsuit, which involved allegations of unpaid fees and breach of contract, has apparently been settled for a sum reported to be in the multimillion pounds.
Holmes initially sued Coldplay in 2022, claiming the band owed him significant sums of money for his management services. Holmes sought over $12 million in damages, claiming he was not compensated for his contribution to the band's success. The exact details of the settlement remain confidential, but the settlement amount is understood to be significant.
The dispute between Coldplay and Holmes has been a topic of interest in the music industry, with both parties looking to settle the matter out of court. Holmes, who managed Coldplay for more than 20 years, was instrumental in guiding the band through some of its most successful years. However, tensions apparently arose over financial disputes, leading to the eventual lawsuit.
Ahead of the settlement, both Coldplay and Holmes are reportedly keeping negotiations under wraps, with neither side commenting publicly on the case. The settlement of the lawsuit now allows both parties to move forward without the shadow of litigation.
The legal issues began after Coldplay and Holmes split in 2021. Holmes claimed he had a contract entitling him to a share of the band's profits and that Coldplay had breached that agreement. The band's representatives maintained that Holmes had been adequately compensated for his services and that the allegations were unfounded.
Despite the legal dispute, Coldplay continued to thrive, working on new music and planning future tours, including their expansion Music Of The Spheres World Tour in Australia and New Zealand later this year.
A new album, Music of the Moon, is expected to be released on October 4. In the UK, Coldplay's chart history is impeccable. Each of their nine albums has reached No.1 on the Official UK Albums Chart dating back to their debut in 2000 Parachutes.
