Shakira is taking cues from Madonna and Jay-Z: she’ll forgo standard music-industry convention and issue her records through Live Nation and her former label, Sony.
According to THR sources, the mega-concert promoter is
nearing a projected $30 million-deal with Sony to release Shakira’s next
three albums, thereby giving Live Nation a cut of the profits from
sponsorships, merchandising and music recordings. The companies will
divide the sales, with Sony as distributor.
The New York Post first reported the news Monday morning.
In 2008, Shakira left Sony’s Epic label to sign a 10-year deal with
Live Nation, numbered at between $70 million and $100 million.
