Coldplay said to be releasing on EMI

Rock band Coldplay will release its new album through EMI Group this summer, the band's manager was quoted as saying on Thursday, a month after he threatened to withhold the record in protest of major cost-cutting by the beleaguered London label's new owners. The album will be a key test for private-equity investor Guy Hands, who led a 3.2 billion pound buyout of EMI last year. (Reuters)