Shakira has done a deal with UK based Hipgnosis, an investment company established to offer investors exposure to songs and associated musical intellectual property rights.
She has signed over the music publishing rights for her entire catalogue, 145 songs, for an undisclosed amount. Shakira is the bestselling female Latin artist of all time, selling over 80 million million records. On top of that impressive accolade, she’s received three Grammy Awards and twelve Latin Grammy Awards.
Hipgnosis has been on a big shopping spree. I noticed that they’d acquired the rights to 50% of Neil Young‘s catalogue a couple of weeks ago. 1,180 songs for $150 million!
Is this the impact of Covid on artists not able to earn from live gigs? 2020 certainly had a huge impact on musicians and the arts.
Hipgnosis has acquired an impressive list of names of artists in its fund.
Can’t mention Shakira without putting in…
Shakira – Hips Don’t Lie ft. Wyclef Jean
EDIT 21 JANUARY 2021
The acquisition spree continues for Hipgnosis (SONG.L), the music rights company that has been snapping up back catalogues at a rate of knots. The London-listed firm announced on Thursday that it had acquired a catalogue from producer and mixer Bob Rock. The deal gives Hipgnosis rights to Metallica’s self-titled 1990 album, often referred to as “The Black Album,” and several Michael Bublé records, including his hit Christmas album. The deal gives Hipgnosis the rights to some of the best-known songs from the two artists, including Metallica’s Enter the Sandman and Michael Bublé’s Haven’t Met You Yet.
Read more on the Yahoo Finance Post.