Wednesday, 9 May 2012

Shakira set to sign a $60 million recording contract with Sony

Shakira
She is already one of the highest-earning stars in the music industry. But Shakira could soon see her financial standing rise considerably as she gets set to sign a deal with Sony for $60million.  According to the New York Post, the Colombian singer and concert promoter Live Nation are expected to sign on the dotted line for a three-album deal with Sony.
She left Sony in 2008 to sign a 10-year deal with Live Nation, estimated to be worth between $70 million and $100 million. But this new deal will see both companies work alongside each other on her future projects and take a 50% cut.

Shakira, 35, is about to release her eighth studio album having teamed up with dance producer DJ Afrojack and last week she released the video for her latest single Addicted To You. Shakira is the latest star in recent years to sign deals with Live Nation.

Madonna and Jay-Z have both parted ways with their record labels to sign huge contracts with the promoter.Last month, Shakira won our prizes at the Billboard Latin Music Awards - Female Songs Artist of the Year, Female Albums Artist of the Year, Solo Latin Pop Songs Artist of the Year, and Social Network Artist of the Year.  Dailymail UK

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