The Board of Hipgnosis Songs Fund Limited, a British investment company, acquired 100% of the copyrights of the songs of the Colombian superstar, as announced this Wednesday, January 13, 2021.
Shakira is the artist who sells her song catalog most recently. The Colombian superstar sold all of her music to a British investment company, according to a deal announced Wednesday.
Hipgnosis Songs Fund said it acquired 100 percent of the royalties and interest income from the 145 songs written by Shakira, which include such international hits as "Hips Don't Lie," "Whenever, Wherever," "La Tortura," "She Wolf" and "Waka Waka. The terms of the agreement were not disclosed.
Shakira, who recorded her first album at age 13, debuted in 1991 and has since sold more than 80 million records. This makes her, according to Hipgnosis, the most successful female Latin artist of all time.
"Step by step, this incredible woman from Colombia has become one of the most famous and influential people in the world. What no one should deny is that she is one of the most serious and successful composers of the last 25 years, having written or co-written virtually every song she has recorded," said Merck Mercuriadis, founder of The Family (Music) Limited and Hipgnosis Songs Fund Limited, in a statement, while calling Shakira "the Queen of Latin Music".
The three-time Grammy and 12-time Latin Grammy winner, among many other awards, rose to international fame with her 1995 album "Pies descalzos," which spawned the hit "Estoy aquí," and was followed by "Dónde están los ladrones," which topped Billboard's Latin album chart for 11 weeks and included the hits "Ciega, sordomuda" and "Tú.
In 2001 she debuted in the Anglo market with the album "Laundry Service", with which she sold more than 13 million copies worldwide, and in 2005 she released "Fijación Oral, Vol. 1" and its English version, "Oral Fixation, Vol. 2", both big international hits.
"Being a singer-songwriter is an achievement that I consider equal or perhaps greater than being a singer and artist," Shakira said in a statement. "At age 8 - many years before I sang - I wrote to make sense of the world. Every song is a reflection of the person I was at the time I wrote it, but once a song is out in the world, it belongs not only to me, but to those who appreciate it as well".
"I know that Hipgnosis will be a wonderful home for my catalog - and I am happy to partner with this Merck-led company, which truly values artists and their creations, and is an ally for composers everywhere, and who care deeply about the ongoing life of their songs," the artist added.
Among other achievements, her 2009 single "She Wolf" went platinum in the United States and the following year she released the World Cup song "Waka Waka (This Time For Africa)," which topped the charts around the world.
Last year he starred with Jennifer Lopez in the Super Bowl halftime show, one of the most coveted venues for any artist in the United States.
The announcement of the acquisition of Hipgnosis from Shakira's catalog comes a week after it was known that Neil Young sold the company 50% of his music, and a month after Bob Dylan sold the rights to his more than 600 songs to Universal Music Publishing Group.