$130 million dollars. That’s the total of the record deal that Sony has reportedly signed with Adele. You can’t blame her for taking the cash, but is it a smart move for Sony at a time when artists like Chance The Rapper are proving that they don’t need a record label to have a hit?
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Adele has reportedly signed with Sony for a reported $130 Million. Neither side has confirmed the details, but a source at Sony told the UK’s Sun, “We’ve secured Adele, who’s without doubt the biggest music star in a generation. This is massive.”
At age 19, Adele had signed with indie XL Recordings; but it was widely know that that deal was up this year.
Adele was the top selling artists in the world last year. This $130 million deal will double the singer’s fortune, according to The Guardian. A source also told the paper that the deal had been arranged through Sony’s US label, Columbia and “gives Sony the rights to release her future music exclusively around the world”.
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