Shakira joins Madonna, Jay-Z And U2 At Live Nation
July 7, 2008 at 5:19 AM (PT)
Hips, and checkbooks, don’t lie: It looks like LIVE NATION, the giant concert promoter, has developed itself a multimillion-dollar fixation, writes THE L.A. TIMES. The company has signed COLUMBIAN superstar SHAKIRA to another of its long-term, wide-ranging contracts, a 10-year deal that various music industry sources are estimating to be worth $70 million to $100 million.
She joins MADONNA, JAY-Z and U2 in bypassing traditional record industry alliances to hook up with LIVE NATION, which will handle concerts, recordings, merchandising, digital and other aspects of her career, according to a statement issued by her publicist. The statement didn’t say how soon the deal goes into effect. Presumably it will be after she ties up loose ends with her current label, EPIC RECORDS, by delivering three albums she still owes: one in English, one in Spanish and a hits collection.