XL profits hit £41.7m in Adele's record year

Monumental sales of Adele's 21 pushed profits at indie record label XL to a whopping £41.7m in 2011.

According to company filings, XL was left with plenty of cash as a result. Its bank balance climbed from £3m to £32m during the year.

The company paid an £8.5m dividend to co-founder Richard Russell, whilst Beggars Group chairman Martin Mills received a similar sum.

Adele's 21 has sold more than 10 million copies in the US and spent 78 consecutive weeks ...

Login to access this article

To access this article you need to be a subscriber. If you are a subscriber login below.

Start free Trial

Register for a Music Week trial to access this article. Sign up today and you will receive:

  • 4 weeks access to news, features and chart analysis
  • 4 Digital issues of Music Week
  • The Music Week app
  • Tailored email news alerts
Start your free trial


If you have previously taken a trial you will need to subscribe to access this article.

Subscribe Now
subscribe link free-trial link

follow us...