Coldplay made £38.4m profit last year

Coldplay made £38.4m profit last year

Coldplay's Flock Of Birds Touring company made a profit of £38.4 million on turnover of £63.7m in 2017, according to documents filed with Companies House.

The revenue comprises £59.1m from performance fees and promo support and £4.5m from merchandise income and royalties. Their latest album - A Head Full Of Dreams - was released in 2015.

More than half the turnover (£32.4m) was generated in Europe, compared to £22.9m in Asia, £6.2m in South America, £2.1m in North America and £127,858 from the rest of the world. Band members Chris Martin, Guy Berryman, Johnny Buckland and Will Champion split £39.3m.

It follows the conclusion of Coldplay's epic 2016-17 A Head Full Of Dreams Tour, which became the third highest grossing global tour of all time.

The huge trek, which kicked off back in March 2016 and concluded last November in Buenos Aires, Argentina, garnered more than $523 million (£396m) in ticket sales, trailing only the $736m (£558) generated by U2's 2009-11 360 tour and The Rolling Stones' A Bigger Bang Tour, which raked in $558m (£423m) from 2005-07.

The band played to almost 5.4m fans on the Live Nation-promoted tour, which spanned 114 shows in 76 cities and 31 countries, with two legs in Latin America, two in both Europe and North America, one in Australia, and one in Asia. 

Flock Of Birds Touring turned over £62.8m in 2016, recording profits of £30.7m. 

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