Blur frontman Damon Albarn has told The Sun that the four band members earned just "about a quid" each for Sunday night's (August 12) gig in Hyde Park.
Albarn said that the band were paid £300 in total for their performance as part of the BT London Live Olympic Closing Ceremony celebrations in the London park.
Albarn revealed "[The band was paid] Three hundred quid. When you divide that between four and add publishing, management and tax, it's down to about a quid."
But he added that the gig wasn't about the money: "That's not why you agree to do it," he said. "It gives us a chance to play to a lot of people in London. In the sense of the Olympics it's nice to get involved and celebrate this amazing city."
Performing music acts at the Olympics Opening Ceremony, including Beatles legend Sir Paul McCartney, were paid £1 each for their work at the event.
McCartney, who wrapped up the ceremony with a rendition of Hey Jude, is reported to have agreed to play at the historical event (that took place on July 27) for free, as had his fellow performers, but the £1 fee was necessary to validate their contracts.