New Coldplay album?

(Thursday August 21, 2008 11:50 AM)

Coldplay could be on the verge of releasing a new album – their second this year.The band only released "Viva La Vida or Death And All His Friends" in June but Chris Martin and co. are apparently looking to rush through another to help fulfil contractual obligations with EMI."The "Viva La Vida…" sessions were incredibly fruitful," a source from the label told the Sun. "They gelled brilliantly with Brian [Eno, producer] and recorded much more music than they could fit on one album."The majority of the follow-up is already in the can, though they will have to go back into the studio at some point to add a few more songs."The source went on to explain the commercial incentive for a quick release, suggesting a "Greatest Hits" may also be on the way. "Standard industry contracts tend to be for six albums, so if they provide some kind of compilation after their next album they will be free agents and able to renegotiate their contract or head out on their own."The speculation will not be welcome at EMI, who have lost a number of high-profile artists – including Radiohead and Paul McCartney - since being taken over by private equity company Terra Firma last year.