Grammy winning singer Adele's talent agency pitches Apple on $30M tour sponsorship
The agency representing British singer Adele, William Morris Endeavor, is repotedly pitching Apple on a $30 million tour sponsorship deal, although it may be contingent on Apple Stores stocking physical copies of Adele's latest album.
Apple has already rejected the idea of stocking CDs, the U.K.'s Daily Mail said. It's not clear though if Apple has completely dismissed the idea of a tour sponsorship, which was first hinted at by the New York Post.
If Apple did agree to the $30 million sum, it would be up to 10 times more than a typical sponsorship, the Post noted.
Apple is unlikely to carry CDs in its stores, above all since it would draw attention away from the iTunes Store and Apple Music. Some form of sponsorship might be useful however as a way of promoting those services, and more deeply entrenching Apple as a name brand in the music industry.
The iTunes Store is already the most popular source for legal music downloads, but its streaming service — Apple Music — launched just this summer, and is still dwarfed by rivals like Spotify and Pandora.