Financial reports: Coldplay spent £4.22m on Xylobands for £35m Mylo Xyloto world tour

[busybeeburns]

 

Financial reports: Coldplay spent £4.22m on Xylobands for £35m Mylo Xyloto world tour

 

As the Christmas season approaches, we all know the feeling of someone not giving due diligence to the gift that we spent so much on. But Coldplay hope you enjoyed the Xylobands they gave you during the ‘Mylo Xyloto’ tour – because they spent over £4million on them.

 

According to The Mirror this weekend, figures filed on Companies House show that Coldplay reportedly spent approximately £4.22million on Xylobands given out to fans during the Mylo Xyloto world tour.

 

The wristbands, which changed colour in time with the music playing, were made in Devon and invented by Jason Regler. The wristbands cost the band £3 each, and came in green, blue, yellow, red, pink and white – contain light-emitting diodes and were controlled by software which tells them to light up, flash and blink via a radio transmitter.

 

A source quoted by The Mirror states:

“There may have been high costs involved but other bands should take a look at these accounts and take note. With this tour, Coldplay were determined to put their fans first and give something back. That meant no expense spared on set design, pyrotechnics, lighting as well as giving out the high-tech £3 wristbands, which became a massive part of the gigs. If fans are paying £50 for a ticket, they are entitled to a good show and a spectacle. It’s no longer enough to jump around on stage, looking pretty.”

The Companies House records – filed by the band’s partnership Headlong Tours and covering the financial year to March 2013 – note in minute detail Coldplay’s world arena dates. Coldplay’s world tour in support of their fifth album started in Madrid in October 2011 and finished in December 2012 in New York. The tour made them £35 million in total but £1.1 million was spent on the set, whilst £954,000 went on hotels and £100,000 on catering.

 

Despite the expenditure, Coldplay recorded gross earnings of £35million (up from £22million) and once all the bills had been settled, made a pre-tax profit of £14million.

 

If you missed the Mylo Xyloto tour, here’s an early recap:

 

[ame=http://www.youtube.com/watch?v=NLQjhdNSErE]Coldplay glowbands - Glasgow SECC - 3 Dec 2011 - YouTube[/ame]

[Prince Myshkin]

Just the music to sort out now.

 

Sorry, sorry, sorry.

[Jonny and the cake]

Greg :whip:

[Prince Myshkin]

Well, come on.

 

OK OK, I'm out.