Adele's 21 Helps Record Label Make £41m
Global success of album boosts XL Recordings' profits...
The massive success of Adele's smash hit album 21 helped her record company XL Recordings notch up profits of £41.7m in 2011, it has been reported.
The Sunday Times reports that label boss Richard Russell was paid an £8.5m dividend - while Martin Mills, who heads up parent company Beggars Banquet, received a similar amount.
The album sold a massive 10 million copies in the UK alone - and has also been enormously popular in the USA and elsewhere abroad.
British indie label XL also works with Radiohead, The xx, Basement Jaxx, Vampire Weekend, Friendly Fires and Jack White - among other artists.
Adele's Rolling In The Deep was named Song Of The Year at the Broadcast Music Inc Awards recently, but her newest track Skyfall was held off the top of the Official UK Singles Chart by Swedish House Mafia at the weekend.