Coldplay are to donate 10% of the band’s proceeds from their 2025 UK dates in London and Hull to the Music Venue Trust, the UK charity that supports grassroots music venues.
Earlier this year, parliament’s culture, media and sport committee heard from promoters, artists and industry body representatives about the “crisis” facing the country’s smaller venues, nearly all of whom backed the idea ofColdplay’s initiative follows that of UK metal band Enter Shikari, who donated £1 from every ticket sold to their OVO Wembley Arena show in February 2024.
In a statement, Music Venue Trust CEO Mark Davyd said: “Coldplay are the perfect example of a UK band who came through the grassroots circuit on their way to worldwide, stadium-filling success. It’s fantastic to see them celebrating their own pathway to Wembley by giving back to the grassroots music venues that supported them and recognising the artists and promoters that are struggling more than ever to build their own careers.
“Through our partnership with Save Our Scene – who introduced us to Coldplay last year – this money will go directly into work that ensures communities right across the country will continue to have access to great live music on their doorstep. The band’s support really will stop venues closing, make tours happen and bring the joy of live music to thousands of people.
In January, John Drury, the chair of the National Arenas Association, told the committee that if arenas were forced to pay the £1 levy, “the impact would be something like 20% of our profit”. Other parties proposed a reduction in VAT on tickets, which is currently 20% – higher than in France, Italy and Germany.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: GuardianAus - 🏆 1. / 98 Read more »