Tuesday, May 24, 2016

Adele signs to Sony for £90 million

British singer-songwriter Adele has signed a
new contract with Sony worth up to £90
million (117 million euros, $131 million), in
one of the biggest ever record deals, British
media reported.

The 28-year-old was the biggest selling artist in
the world last year, and broke sales records in
Britain and the United States with her third
album "25" and its hit track "Hello".

Adele has been at London-based independent
label XL Recordings since she was a teenager.
It appears the Grammy-award-winning singer has
now moved to music giant Sony, signing the deal
through one of its US labels, Columbia.

An industry source quoted in The Guardian on
Tuesday did not specify the number of albums
required under the contract but said it "gives
Sony the rights to release her future music
exclusively around the world".

The deal is similar to the $100 million, multi-
album deal that Whitney Houston agreed with
Arista Records in 2001, which would be worth
about $135 million today.
Adele was named Britain's richest-ever female

musician in the latest Sunday Times Rich List,
estimated to be worth £85 million, up £35
million from a year ago.

A source at Sony Music told The Sun on Monday:

"We've secured Adele, who's without doubt the
biggest music star in a generation. This is massive''.


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