After spending 79 weeks in the Top 10, and 24 of those at Number One, Adele’s 21 brought in nearly $67 million in profits to its record label XL, the New York Times reports.
The 18 million copies that 21 sold worldwide last year helped XL rake in $181 million in revenue in 2011, a nearly 400 percent increase from the $36 million it earned in 2010. Of that sum, XL paid $27.3 million in dividends – half of it to its parent company, Beggars Group, the other half to one of the label founders, Richard Russell.
According to Beggars chairman Martin Mills, their share of the XL dividends will “invest in our future.” “We’ve sold 25 million copies of 21 around the world,” he said, “and when you sell that many records, everyone makes money. Not just Adele and the label but distributors, retail, everyone.” Beggars itself (which holds a partial or full ownership stake in other labels like 4AD, Matador and Rough Trade) reported $138 million in revenue and $37 million in operating profit in 2011.
While XL’s success with Adele is stunning, there was a note of caution in its report. “The next Adele album may not come for some years, and it’s impossible to predict its likely sales… We therefore regard this year’s figures as exceptional,” it stated.
Twenty months after its initial release, 21 continues to sell at an impressive rate in the States, notching four million in sales since the beginning of 2012. The record is closing in on the 10 million mark, currently short by about 125,000 copies, though it’s expected to close that gap significantly by the end of the year – a push that may be aided by the recent release of “Skyfall,” Adele’s theme for the new James Bond flick. [RollingStone]
As the weather gets colder, music’s hottest artists are gearing up to release newalbums. We’ve compiled our annual list of fall’s most-anticipated releases from newcomers like Kendrick Lamar and French Montana to veterans like Brandy and T.I., who are planning big year-end comebacks.
Will R&B crooner Ne-Yo keep the winter fires burning with his R.E.D. album and will the highly-anticipated Dreams and Nightmares from Maybach Music Group’s spitter Meek Mill live up to the great expectations?
There’s also a slew of divas expected to drop albums including Nicki Minaj, Rihanna, Alicia Keys, Keyshia Cole, Ciara, and even the late great Whitney Houston.
Here is a rundown of what ear candy will keep your iPod bumping well into the new year. As always, these dates are subject to change. Check out the dates after the jump! [RapUp]
Machine Gun Kelly – Lace Up
MellowHype – Numbers
Xzibit – Napalm
Mateo – Suite 823
Jay-Z – Live in Brooklyn
Leona Lewis – Glassheart (U.K. only)
Brandy – Two Eleven
Dawn Richard – GoldenHeart
K’naan – Country, God or the Girl
Bobby V – Dusk Till Dawn
Kendrick Lamar – good kid, m.A.A.d city
Ryan Leslie – Les Is More
Meek Mill – Dreams and Nightmares
CeeLo Green – CeeLo’s Magic Moment
Marcus Canty – THIS…Is Marcus Canty
Ne-Yo – R.E.D.
Big Boi – Vicious Lies and Dangerous Rumors
Whitney Houston – I Will Always Love You – The Best of Whitney Houston
50 Cent – Street King Immortal
The Weeknd – Trilogy
Christina Aguilera – Lotus
Travis Barker & Yelawolf – Psycho White EP
Keyshia Cole – Woman to Woman
Nicki Minaj – Pink Friday: Roman Reloaded Re-Up
Pitbull – Global Warming
Talib Kweli – Prisoner of Conscious
Alicia Keys – Girl on Fire
Wiz Khalifa – O.N.I.F.C.
Ciara – One Woman Army
Ke$ha – Warrior
Melanie Amaro – TBD
Bruno Mars – Unorthodox Jukebox
Lil Wayne – I Am Not a Human Being II
T.I. – Trouble Man
Ca$h Out – Patience
Additional Q4 Releases (Date TBD)
Rihanna – TBD
Big Sean – Hall of Fame: Memoirs of a Detroit Player
Game – Jesus Piece
Kid Cudi – Indicud
French Montana – Excuse My French
A$AP Rocky – LongLiveA$AP