Coldplay have agreed to settle a lawsuit with their former manager Dave Holmes, according to reports.
This has been an ongoing legal battle between the two parties, which has dragged on for a number of years.
Dave Holmes served as Coldplay manager from 2005 until his departure in 2022. He had initially filed a lawsuit against the band over alleged “unpaid commission” for two yet-to-be released albums.
It had been claimed that Holmes was seeking £10 million in damages.
Mr Holmes had alleged that Coldplay had been in breach of a contract which entitled him to a share of their earnings.
However, representatives on Coldplay’s behalf have insisted that Mr Holmes was adequately compensated for his work as manager, and that these claims were untrue.
Settlement Agreed In Coldplay Legal Dispute
This ongoing legal saga between Coldplay and their former manager Dave Holmes has been ongoing, with both parties keen to resolve the matter out of court.
Negotiations between the two parties have remained confidential ahead of this settlement, with neither party commenting on the matter.
Both parties have now reportedly agreed a resolution for a sum reportedly worth millions of pounds.
This agreement enables both Coldplay and Mr Holmes to move forward, putting this legal dispute behind them.
Looking ahead to the future, Chris Martin and co are to release their new album Moon Music in October.
Following their recent record breaking show at Glastonbury, Coldplay have released a music video for their new single ‘feelslikeimfallinginlove’.
The video has also been directed by Ben Mor, who also directed Coldplay’s collaboration with Beyoncé, ‘Hymn For The Weekend’. Check that out and Nova’s report on this here.
