Following Radiohead's move to release their album independently, Coldplay are reportedly trying the same thing.
The trend set by Radiohead to independently release one's album is spreading quickly. Reports are circling around that Coldplay will walk away from EMI just like the band and Paul McCartney.
An insider revealed that the Chris Martin -fronted band feels that they "don't necessarily need a label" after they release the follow up to 'X&Y' and will take time to think about re-signing to EMI.
The source told Daily Star "There's so much uncertainty in the record industry right now. The boys don't necessarily need a label anymore. They aren't even considering putting pen to paper on any type of new contract until they see what happens."
The last time Coldplay delayed the release of 'X&Y', it cost EMI and arm and a leg. Should the band really took the departure, then it would be a massive blow for the company.
It was also reported sometime ago that Robbie Williams is set to take the same move by leaving EMI. His manager Tim Clark revealed that he would be "very wary about signing him to any major label" after he releases a new album which is scheduled for this February.