Monday, May 23, 2016

 

Adele set to sign £90m Sony deal

Adele set to sign £90m Sony deal.

Reports suggest the Someone Like You singer is negotiating the biggest record deal for a British artist in history.

Adele is reportedly due to sign a deal with Sony Music for £90m, the biggest in history for a British musician. If true, it will double the singer’s current fortune, which is estimated to be at £85m.

According to reports in the Sun, a Sony Music source said: “We’ve secured Adele, who’s without doubt the biggest music star in a generation. This is massive.”

The deal would be bigger than the £80m EMI paid to secure Robbie Williams in 2002. And by beating Whitney Houston’s £70m deal with Arista in 2001, it would make this the biggest deal for a female artist in history.

The Sony source reportedly added: “Adele’s deal with her original label, XL, expired and we’d an existing relationship with her in America. The deal is being worked on by our Columbia label in the US, but is worth £90million and gives Sony the rights to release her future music exclusively around the world.”

A spokesperson for Adele said they had no comment to make on the deal.

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