Adele in talks to sign £80 million [$128 million] record deal that would see her given her own label
Adele is in talks to join music giant Sony in a staggering £80 million [$128 million] deal that would see her given her own record label.
The Someone Like You star has clashed with current label XL Recordings over the direction of her hotly anticipated new album and is in *negotiations to exit after eight years.
She released her two hugely successful albums, 19 and 21, with XL but bosses at Sony – home to George Michael, Justin Timberlake, Katy Perry and One Direction – are determined to entice the international superstar.
And part of the deal, one of the biggest in history, would see Adele tour [properly] for the first time.
Her XL contract demands a third album but head honchos at Sony are attempting to “buy her out” of the obligation.
The behind-the-scenes grapple explains to fans why she’s yet to release another album.
A source said: “Sony want Adele and they will stop at nothing to get her. The money is absolutely huge but they hope she will sign for her own label.
“It means she’ll keep a higher percentage of profits from record sales and the proposed tour.
“She has never been on the road before so it will be a huge money-spinner and likely to sell out within hours.
“All of the signs are there that Adele will go to Sony and it would be a massive coup.”
Adele, 26, is already signed to Sony [through Columbia Records] in the US although XL look after her releases elsewhere.
A Sony spokesman declined to comment on the mighty big bid to bag Adele.
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