Monday, 23 May 2016

Sony to Sign Adele Records for N26bn


British pop star, Adele is about to double her estimated £85 million (N25bn) fortune as she lands a new record deal with Sony Music(www.sonymusic.com)  worth £90 million (N26bn).
Adele's contract with her original label XL (http://xlrecordings.com/) has expired, which has given Sony the opportunity to sign the star, marking the biggest deal in British music history, according to The Sun.
"We have secured Adele, who is ­without doubt the biggest music star in a generation. The deal is being worked on by our Columbia label in the US, but is worth £90 million (N26bn) and gives Sony the rights to release her future music exclusively around the world”, a source at Sony Music reportedly said.

The singer made a tremendous comeback in November 2015 with the release of her third studio album 25, which has become of the biggest-selling albums of all time with more than 19 million copies sold worldwide. 

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