XL Recordings was founded in 1989 by Richard Russell, Tim Palmer, and Nick Halkes to release rave and dance music as an offshoot of Beggars Banquet Records. While originally focusing on dance music, XL Recordings now releases music across all genres and helps independent artists gain recognition through social media promotion. For a solo singer, XL Recordings could provide promotion benefits but may be better suited to bands given its history of working with multiple artists.