Shakira has joined high-profile artists who have now sold their music catalogs to Hipgnosis.
Shakira has sold her music publishing rights, including publishing and writer’s share of income- which has almost 145 songs, to Hipgnosis Songs Fund Limited, as revealed by the company.
Shakira’s entire catalog of 145 songs includes her share in her globally successful songs, “Whenever, Wherever”, “Hips Don’t Lie,” and her latest hit, “Girl Like Me” which is a collaboration with Black Eyed Peas. The stake acquired by Hipgnosis however excludes any future compositions Shakira would contribute. Shakira’s elaborate catalog will continue to be administrated by Sony/ATV under a deal that will remain in place for seven more years.
In a statement, Shakira told, “Being a songwriter is an accomplishment that I consider equal to and perhaps even greater than being a singer and an artist.” She continued, “At 8 years old — long before I sang — I wrote to make sense of the world. Each song is a reflection of the person I was at the time that 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.”
It is unclear what amount did Hipgnosis pay for acquiring Shakira’s catalog, but seeing Shakira’s high popularity especially after her Superbowl performance in February 2020, the profit sales look promising for Hipgnosis.
Last year, Shakira crossed 30 million subscribers on her YouTube channel- making her one of the only 15 artists to reach the count. Shakira released her first album in 1991, at just 13. Since then, Shakira has sold over 80 million records- making her the bestselling female Latin artist of all time. Shakira has bagged three Grammy Awards and 12 Latin Grammy Awards under her name. Shakira is one of the only three artists who have two music videos with more than 2 billion views on YouTube.
In November, Hipgnosis announced that it has acquired 42 catalogs from Kobaltt including hits by Enrique Iglesias such as, “Bailando” and “Hero.” Hipgnosis also has taken over song catalogs popularised by Ricky Martin, Marc Anthony and Jennifer Lopez.
Shakira has joined the list of high-profile artists who have sold off their music catalogs over the past months. These artists include Bob Dylan, Stevie Nicks and Neil Young.