Coldplay Sign Mega Deal With Universal

Coldplay have landed a money-spinning deal with Universal Music Publishing.

British newspaper The Sun reports the new deal is worth millions to each member of the band.

Paul Connolly, the president of Universal, tells the newspaper, "They've sold more than 50 million albums worldwide and their huge success is entirely deserved. We're obviously very proud."

Coldplay originally signed to BMG Music Publishing in 1999. Sony BMG were then taken over by Universal.