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The new track serves as the second single off the British band's upcoming 'Ghost Stories' album.
The frontman of the British band says that the marital issues he and his actress wife had inspired some tracks in the album.
The one-hour special will feature songs from the band's latest album 'Ghost Stories' and mix live-performance footage with '360-degree imagery.'
The 'Amazing Spider-Man 2' actor will host the show's May 3 episode, where the Chris Martin-fronted band will perform.
Directed by Jonas Akerlund, the clip centers on the affair between a married beautiful magician played by Zhang and her assistant, who's portrayed by Coldplay's frontman Chris Martin.
The band plays the new album in its entirety for the first time to 800 lucky fans on a movie soundstage at Sony Studios.
The British band, who headlines the iTunes Festival, performs new songs 'Always in My Head' and 'Another's Arm' in addition to hits like 'Viva La Vida' and 'Fix You'.
Fans who pre-order the band's sixth studio album 'Ghost Stories', which is coming out on May 19, will be able to download first single 'Magic' for free.
The clip, shot in negative exposure, is directed by the godmother to frontman Chris Martin's daughter Apple.
The performance is part of a charity concert which benefits a U.K. organization that provides 'practical, emotional and educational support to vulnerable inner-city kids.'
The new song marks the first time the British band has recorded a song for a motion picture soundtrack.
The band's new single made just for the film soundtrack will be released by Republic Records on August 26.
Rapper Jay-Z headlines the New Year's Eve show with British alternative rock band Coldplay.
Coldplay and Clapton will perform alongside a stellar lineup of other big musicians during the benefit concert at Madison Square Garden on December 12.
The band announce their intention to take a long break during their November 21 concert in Brisbane, Australia.