Shakira just signed a massive music deal! The Colombian superstar sold her entire music catalog and publishing rights to an investment company based in the United Kingdom.
The company named Hipgnosis Songs Fund Limited acquired the 145 songs recorded and produced by the singer, being described as “one of the most serious and successful songwriters of the last 25 years.”
Future compositions by the artist will not be part of the deal, and Sony will still be administering her catalogue, following an agreement that still stands for seven more years.
The deal made by the Latin American icon and Hipgnosis was announced on Wednesday by the founder Merck Mercuriadis.
Welcome to the Hipgnosis family @shakira.— Hipgnosis Songs (@HipgnosisSongs) January 13, 2021
“What no one should ever take for granted is that Shakira is one of the most serious and successful songwriters of the last 25 years, having written or co-written virtually every song she has ever recorded.” - @MMercuriadis pic.twitter.com/IZyv7PDBpx
Welcoming Shakira “to the Hipgnosis family,” and adding that her massive success during the last 25 years comes after “having written or co-written virtually every song she has ever recorded.”
The acclaimed performer continues to experience worldwide success, since the start of her career with the debut album in 1991, the 1995 release of Pies Descalzos, and the 2001 hit record Laundry Service.
Although details of the arrangement were not disclosed, the She Wolf singer is known for breaking every record, and gained a lot of attention following her SuperBowl performance with Jennifer Lopez.
The music industry seems to be adapting to a new market, now that there’s been several catalog purchases by high-profile artists, including Stevie Nicks, Bob Dylan and Neil Young, as well as songs from Marc Anthony, Ricky Martin and Enrique Iglesias.