Coldplay reach settlement with former manager Dave Holmes

Coldplay have reportedly reached a settlement of a lawsuit with their former manager Dave Holmes.

This is a legal battle between both sides that has been going on for several years.

Dave Holmes served as Coldplay’s manager from 2005 until his departure in 2022. He initially filed a lawsuit against the band over alleged “unpaid commission” for two yet unreleased albums.

It was claimed that Holmes was seeking £10 million in damages.

Mr Holmes claimed that Coldplay had breached an agreement that entitled him to a share of the band’s earnings.

However, Coldplay representatives insist that Mr Holmes was appropriately compensated for his work as manager and that these claims are untrue.

Coldplay subsequently filed a counterclaim against Holmes seeking £14 million, claiming Holmes had allowed tour costs to escalate significantly and had used his relationship with the band to take out loans from music promoter Live Nation.

Settlement Reached in Coldplay Legal Dispute

The ongoing legal saga between Coldplay and their former manager Dave Holmes, with both parties looking to settle the matter out of court.

Negotiations between the two sides prior to the settlement remain confidential and neither side has commented on the matter.

Both parties have reportedly reached an agreement for a sum reportedly in the millions of pounds.

With this agreement, both Coldplay and Mr. Holmes will be able to move forward and put their legal dispute behind them.

Looking ahead, Chris Martin and company are set to release their new album Moon music in October.

Following their recent record-breaking performance at Glastonbury Festival, Coldplay have released a music video for their new single ‘I feel like I’ve fallen in love’

The music video was also directed by Ben Mor, who also directed Coldplay’s collaboration with Beyoncé, “Anthem for the Weekend.” Check it out and Nova’s report on it here.