coldplay385 Coldplay Sign Publishing Deal With Universal

Following the buying out of their former label BMG Music, [lastfm]Coldplay[/lastfm] have signed a lucrative publishing deal with Universal Music Publishing, though no one from either party is divulging any details. Universal is one of the biggest companies in the music business and signing one of the giants of contemporary music surely cost them a pretty penny.

Rumors are already swirling online about the details of the contract, with one reporter for 411mania calling it “one of the biggest publishing contracts in music history.” The U.K.’s the Sun figures the contract to be worth millions for each member of the group.

Universal president [lastfm]Paul Connolly[/lastfm] also remarked on the signing, saying, “They’ve sold more than 50 million albums worldwide and their huge success is entirely deserved. We’re obviously very proud.”

[lastfm]Chris Martin[/lastfm] and company plan to release their next album in 2011.

Music News Service distributed by Triton Media Group. Copyright © 2010 RTTNEWS. All Rights Reserved.


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