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Monday, May 23, 2016

Adele 'Set To Sign £90m Sony Music Contract'

Adele is reportedly set to sign a £90m record contract with Sony Music, the biggest deal to ever be handed to a British artist.

The deal would eclipse the £80m contract handed to Robbie Williams by EMI in 2002 and would also be the most valuable contract ever handed to a female artist, surpassing the £70m record deal Whitney Houston signed with Arista in 2001.

Representatives for the singer declined to comment when approached by Sky News.

But a Sony Music source told The Sun: "We've secured Adele, who's without doubt the biggest music star in a generation. This is massive.

"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 £90m and gives Sony the rights to release her future music exclusively around the world."

The Someone Like You singer is already worth £85m, according to the Sunday Times Rich List, and the deal with Sony could double her fortune.

The contract negotiation was reportedly handled by her manager Jonathan Dickins, who the source said had been working on the deal for a couple of years.

Sony also hold the record for giving the biggest recording contract in history, signing a £164m deal ($250m) with Michael Jackson's estate nine months after the singer's death in 2009.

Adele's domination of the music world was reaffirmed at the weekend when she was named Top Artist and picked up four other prizes at the Billboard Music Awards on Sunday.


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