Friday, July 4, 2008

Shakira - Live Nation News


Shakira is following in the footsteps of Madonna and Jay-Z by signing a contract soon with Live Nation. The deal is expected to be finalized by the end of the year.

However, she currently needs to finish off her contract with Sony BMG’s Epic Records and she still has two more studio albums to deliver, one in English and one in Spanish, in additions to a greatest hits collection.

Talks have been ongoing for 10 months, sparking speculation the deal could actually be worth much more. Jay-Z is believed to have received a staggering $150 million, while Madonna reportedly earned $120 million.

There is no indication of how long the contract will last, but both Madonna and Jay-Z have signed to Live Nation for 10 years.

Shakira is the highest-selling Columbian artist of all time, selling more than 50 million albums worldwide and raking in around $100 million from her global tour last year.