Adele helps bring in £78 million turnover for XL Recordings
-
Despite no plans from the singer to release new material until next year, indie label XL Recordings are still riding high on the success of Adele‘s multi-award winning second album, 21.
The label has revealed a turnover of £78.6 million in 2012 and pre-tax profits of £25.4 million, according to The Telegraph, with much revenue reportedly generated by the singer.
The album reached number one in more than 30 countries and is the biggest seller of the 21st century, with a reported 26 million copies sold by the end of 2012.
With the record still proving successful for the company two years after its release, XL have noted that the industry as a whole seems to have turned a corner after years of decline.
[via CMU]
- Mark Pritchard & Thom Yorke announce Tall Tales screening event
- Avalon Emerson shares new track, "Treat Mode"
- Julien Baker & TORRES share new single, "Dirt"
- Andy Shauf's side project Foxwarren announce first album in seven years, 2
- AJ Tracey performs cover of "Boy’s A Liar" by PinkPantheress
- Poppy Ackroyd shares new single "Notes on Water" as a collaboration with her late father Norman Ackroyd
- Lady Gaga announces The MAYHEM Ball tour with three dates at The O2 in London
Get the Best Fit take on the week in music direct to your inbox every Friday
Great Grandpa
Patience, Moonbeam
Deafheaven
Lonely People With Power
Perfume Genius
Glory
