Coldplay are today reportedly being paid a whopping £1.2million ($2.4million) to play the Summer Sonic festival in Japan later this year. If they gig for 75 minutes on both nights, they will trouser a jaw-dropping £8,000 ($16,200) a minute.
News of their payday has been spreading around the South By Southwest festival in Austin, Texas. One industry insider there said: “They say there is no money left in the industry but this shows the cash is still there for the top acts. It’s like football or any big business. The little people feel the pinch but the big boys get richer.”
Japan’s Summer Sonic Festival bosses are rightly chuffed with themselves. With a new album due out in June, Coldplay should reclaim their title of the biggest band in the world by the summer. If the album is as successful as the last two – coupled with this incredible booking – they truly will be the ultimate blue chip act of our generation.
More on this story here [thanks mimixxx]
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