The 'Hello' singer is saying goodbye to XL...
Multi-platinum selling artist Adele has agreed a £90 million recording contract with Sony Music, according to a Guardian report.
According to the Guardian, it is the biggest ever contract for a British recording artist, beating the £80m Robbie Williams received from EMI in 2002.
It is also a global record for a female artist, as the 'Hello' singer also eclipses the late Whitney Houston's £70m deal with Arista from 2001. While she is the richest female British artist of all time, her refusal to endorse products leaves her trailing the international likes of Beyoncé and Taylor Swift.
The new deal, apparently brokered by her manager Jonathan Dickins before Christmas, sees the star leaving her long-time home of XL.
The independent label had signed her at the age of 19, and her phenomenal success has been seen as a massive, almost-unprecedented victory for independent music in the modern era.
Her deal with XL runs out this year, paving the way for the major label move.
Adele currently boasts a £85m fortune. A whopping £35m of that was made from sales of her latest album, 25, alone.
Having shifted over 19m copies since it landed last November, its performance has been seen as an anomaly at a time when music lovers are purchasing less and less albums in favour of streaming services.
While neither Sony nor XL would confirm the move, if the Guardian's details are correct, it would mean Adele was already signed to Sony when she publicly slammed the label for its treatment of Kesha, who has been involved in a bitter dispute with Sony to release her from a contract that ties her to producer Dr Luke.
Adele said at the BRIT Awards in February:
"I’d like to take a quick second just to thank my management and my record label for embracing the fact that I’m a woman and being encouraged by it.
"And I'd also like to take this moment to publicly support Kesha".
The deal is said to have been done with Sony's Columbia label, who already take care of the US distribution of Adele's work.