LONDON (CelebrityAccess) — The Guardian is reporting that British singer Adele has signed a record-breaking multi-album contract with Sony Music, worth a staggering £90m ($130.3m USD). If paid in full, it would be the largest recording contract in history.
The Guardian said that Adele was signed in a deal brokered by her manager Jonathan Watkins some months ago, just before Christmas after her contract with British independent label XL expired. However, Neither Sony Music, XL Recordings or Adele’s management would comment on the the story.
The deal eclipses previous record-holders, including Robbie Williams' £80m contract with EMI in 2002 and Whitney Houston's $100m Arista contract in 2001.
Adele's last album, 25, which was released last year, is credited with single-handedly helping to revive album sales after it shipped more than 19 million copies to date, worldwide. The album proved to be the top single-week seller since the metric began to be collected in 1991. – Staff Writers