Holmes says the band owes him unpaid commission on its yet-to-be-released tenth and eleventh studio albums and related tours.
The dispute centers around a proposed contract agreement that Holmes says the band entered into with his California-based management company, DHMC, relating to Coldplay’s yet-to-be-released tenth and eleventh studio albums and related tours, which the former manager claims he is due unpaid commission on.
One month later, Holmes was paid £1.5 million by the band, representing his 10% commission fee from the initial £15 million advance payment Coldplay received from the label for its tenth album. Holmes was paid a further £1.5 million in October 2021 but says the band still owes him outstanding commission from the record company advances.
These services allegedly include scheduling, marketing, budgeting, sponsorship and ticket pricing for the U.S., Asia and Australia legs of the 2022/23 “Music of the Spheres” world tour, as well as work on the band’s next two releases, such as arranging writing and recording sessions in Jamaica and London and preparing promotional campaigns.
According to legal papers filed by Holmes’ attorneys, Coldplay argues that a contract agreement for the band’s tenth and eleventh albums was never concluded and that commission deals between Holmes and the group for any of its previous nine albums, including the group’s first two releases, expired at the end of last year.
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