Coldplay‘s manager Dave Holmes has confirmed the band’s latest album ‘Mylo Xyloto‘ will eventually appear on the popular music streaming site Spotify, but insists he remains ‘very concerned’ about the latest medium to offer a free listening service online.
“I am very concerned,” he told Business Week. “Spotify competes with download stores. Like all of Coldplay’s other titles, the new album will be on Spotify eventually.”
However, despite Holmes’ reservations, Coldplay’s label EMI has outlined the positive effect which streaming subscriptions are having on the industry.
“Services such as Spotify are currently generating more revenue per user to EMI and our artists than the average digital music consumer generated in a world without these services,” EMI’s head of business development Mark Piibe has said.
‘Mylo Xyloto’ has proved to be yet another runaway critical success for Coldplay, while the single ‘Paradise‘ currently sits at the top of the UK Singles Chart – the first number one of 2012.