Shakira has sold over 80 million records and has a significant number on the music streaming platform Spotify and YouTube.
Colombian pop superstar Shakira has become the latest artist to sell her catalog rights to 145 songs to the London-listed Hipgnosis Songs Fund, an investment firm said on Wednesday that the coronavirus crisis crushed concert proceeds.
Three-time Grammy Award winner – famous for his songs such as Hips Don’t Lie; whenever Wherever; Below its clothes and the 2010 FIFA World Cup song Waka Waka (It’s Time for Africa) – has sold over 80 million records and has a strong following on the music streaming platform Spotify and YouTube.
The epidemic of coronovirus has shut down live concert earnings and a growing list of musicians have sought to demonetize their previous list. Bob DeLeon sold his back catalog last month and was followed by others such as Neil Young.
The surge in online music streaming, which has sent many old hits back to the top of today’s charts, has added to the draw for investors. JPMorgan stated that Hipgnosis was a lucrative investment, given over a long period of time due to copyright laws.
At the age of 43, at the age of eight, I sang, I said in a statement, “Shakira, 43, said in a statement.
“Each song is a reflection of who I was at the time that I wrote it, but once a song is out in the world, it’s not only for me, but also for those who appreciate it Are, “she said. “I know that Hipgnosis would be a great home for my list.”
The specialist investment firm did not disclose the financial details of the deal, the most recent reveal of Hipgnosis this year with Neil Young, Fleetwood Mac guitarist Lindsey Buckingham and record producer Jimmy Iovine.
Bob Dylan sold his back catalog to Universal Music Publishing Group in December.
The founder of Hypagnosis, Merc Mercuridis, struck a deal with Shakira, calling her the “queen of Latin music”.
“One should never take for granted that he is one of the most serious and successful songwriters of the last 25 years, he has written or written almost every song,” she said.