translated from Spanish: Shakira sold the rights to 145 songs

Colombian singer Shakira sold the rights to 145 songs to an investment fund. The buyer is London-based Hipgnosis Songs Fund, which confirmed the operation in a statement. Since she released her first album in 1991, recorded when she was just 13 years old, Shakira has sold more than 80 million records, making her the best-selling Latin artist of all time, and while not transcending the amount of the operation, which is estimated to be million-dollar, if it has been confirmed that her music will continue to be managed by her Sony label for seven more years. After signing the agreement, Shakira stated in a statement: “Being a songwriter is an achievement that I consider equal and perhaps even greater than being a singer and artist. When I was 8, 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 I wrote it, but once a song goes out into the world, it belongs not only to me, but also to those who appreciate it,” she said, explaining why the action was done. She added: “I am honored that writing songs has given me the privilege of communicating with others, of being part of something bigger than me. I know that Hipgnosis will be a great home for my catalog, and I am very happy to partner with this Merck-led company, which really values artists and their creations and is an ally to songwriters around the world who care deeply about the continuous life of their songs,” he concluded. Shakira was represented at the signing of the assignment by its manager, Jaime Levine, and lawyers David Lande and Mitch Tenzer at Ziffren Brittenham Law LLP. The move follows the acquisition of Hypgnosis last week from catalogues by Neil Young, Fleetwood Mac Lindsey Buckingham and executive producer Jimmy Iovine.

Original source in Spanish