Coldplay to donate 10th of earnings to charity - report

Coldplay are planning to donate a 10th of everything they earn to charity, according to reports.

The band have set up a bank account to store 10% of all royalties from record sales, merchandise and concert receipts.

It will be shared out to charities chosen by the band, which is fronted by Chris Martin.

Music experts estimate Coldplay earned £5m (€7.72m) in 2002 alone - raising £500,000 (€772,000) for needy causes.

And later this month the band begin a lucrative American tour.

Chris is a supporter of Oxfam's Fair Trade cause, which campaigns to end the exploitation of Third World businesses by big-money Western firms.

He headlined a fund-raising gig for the charity in October, along with Ms Dynamite, reports The Sun.