indie record label
TRANSCRIPT
HISTORY OF THE LABEL
XL records is a successful independent British music
record label which was founded by Richard Russell
in 1989.
The label was made in order to create and release
rave and dance music, along with some techno
tracks as well.
Over the years the label has work with several
worldwide artist such as Adele, Tyler the creator and
Dizzee Rascal.
FINANCES WITHIN THE LABEL
A high percentage of XL Records recent income has been due to
Adele.
The company enjoy a substantial £12 million dividend in 2014, even
though Adele’s latest album was released nearly 4 years ago.
Company owner Richard Russell, along with business partner
Martin Mills’ (Owner of Beggars Group) have shared money along
the regions of £53 million in dividends since mid 2011, the same
time Adele’s album 21 became one the best selling albums of all
time.
However in the last 3 years turnover has fell. 2011 was the biggest
year in the companies history as a turnover of £111.7 million
occurred. That dropped to £79.6 million in 2012, while in 2013 it
dropped again to £37.5 million. Profits are now due to drop again
according to operating profits.
WEBSITE DESIGN
The homepage of their website is plain in terms of colour and font. However the set out is a little unorthodox due to the picture layout and the pictures selected. On the left hand side of the page they have listed different categories of the website in which you can visit. Below that you have the mainstream artists that are signed to the record label. Furthermore right at the bottom of the page you have the social media links to the label in which you can visit and follow them for updates on the label and artists singed to the label.