Hello friends of The Hollywood Lawyer! As many of you have heard, back in May, Adele landed a Sony contract worth more than $80 million. This contract makes Adele the recipient of the most valuable music contract ever handed to a woman.
Previously signed by British independent label XL at age 19, Adele became the best selling artist in 2015 and was promptly put on the radar of Sony executives.Specifically, she has sold more than 10million copies of her debut album 19 and 30million of her second album, 21. Her third, 25, was another huge hit.
Adele has been named the biggest star of this generation and her albums 19, 21 and 25 have grossed millions. Sony’s teaming up with Adele’s talent and fandom is about the safest business investment and bet that could be made.
In an era when piracy and streaming services have diminished album sales, it is large investments in the talent of big names (like this one) that keep this industry afloat. Congratulations to Adele and we hope that being signed with Sony will continue to give her the liberty to create and inspire with more great albums.
Disclaimer: Please note that the information contained within this blog post and site is offered simply as a consideration to visitors who are in the entertainment industry and are seeking to learn more about various areas of entertainment, be it in film, movies, television, music, digital, new media, film financing, merchandising and/or branding. As such, the information so provided should never be construed as legal advice. If you need further assistance or legal advice for your specific matter, please do not hesitate in contacting an entertainment attorney (film, music, digital, licensing, financing) here in Los Angeles, California at The Hollywood Lawyer by(1) emailing us at email@example.com; (2) calling us at (323) 300-4184; or (3) filling out our online form. http://www.thehollywoodlawyer.com.