Megastar is rumoured to be leaving XL Recordings
Adele is rumoured to be signing to Sony Records in a deal worth £90 million.
The singer has been signed to XL Recordings (home of Radiohead, Vampire Weekend, Jack White) since the start of her career, with the independent label releasing her albums ‘19’, ‘21’ and ‘25’.
Adele’s existing deal ran out with the release of ‘25’ in November 2015 and, according to a report in The Sun today (May 23), Sony have secured a deal which would be the most expensive in music history.
Sony’s American imprint, Columbia Records, already releases her music in the US. An unnamed Sony Records source told The Sun: “We had an existing relationship with Adele in America. The deal is being worked on by Columbia in the US, but it’s worth £90 million and gives Sony the rights to release Adele’s future music exclusively around the world.”
If the report is correct, the deal would double Adele’s current £85 million fortune overnight.
It would also break the long-held record for the most expensive record contract, which has been held by Robbie Williams since he signed to EMI for £80 million in 2002.
The previous most expensive deal for a female artist was signed by the late Whitney Houston in 2001, when she signed to Arista for £70 million in 2001.
Adele’s spokesman has refused to comment on the report.
Adele has just unveiled the video for her new single ‘Send My Love (To Your New Lover)’, which is the third single from ‘25’ following ‘Hello’ and ‘When We Were Young’.
The singer also headlines her first festival in June when she tops the bill of the Pyramid Stage at Glastonbury on June 28.