The “Hello” singer Adele is reportedly close to signing a $131 million (£90 million) record deal with Sony Music the deal will move her from her current label XL Recordings to Sony Music. This is the most lucrative contract ever given to a British singer. The huge 131 million contract will bring her career fortune to $254 million (£175 million), according to Britain’s The Sun newspaper.
A Sony Music rep commented with “We have secured the biggest music star in a generation. This is massive,” a source told the publication. “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.”
The contract will also be the largest ever deal handed to a female musician, with the previous leader being the late Whitney Houston, who was given $102 million (£70 million) by Arista in 2001. This gives Sony Music the rights to release her future music exclusively around the world.
Adele, who was already named Britain’s richest female musician in the 2016 Sunday Times Rich List, with an estimated $123 million (£85 million) fortune, earlier this year