13 Jan Shakira joins string of top stars in selling Hipgnosis the rights to her entire back catalogue
ipgnosis has added Shakira to its growing portfolio of global artists.
The London-listed songs investment fund revealed on Wednesday that it has bought up all the rights to the hitmaker’s 145 -song back catalogue.
The three-time Grammy Award winner – who has sold more than 80 million records since releasing her first album in 1991 – joins stars including David Guetta, Neil Young and Blondie on the FTSE 250-listed firm’s roster.
The Colombia-born star, whose hits include Hips Don’t Lie, She Wolf and FIFA 2010 World Cup song Waka Waka – has 32 million monthly listeners on Spotify, while her official YouTube channel is closing in on 20 billion lifetime plays.
Hipgnosis was founded by industry heavyweight and former manager to Beyoncé and Elton John, Merck Mercuriadis. Floated in 2018, it is one of a few funds and labels on a rights spending spree at the moment, as record numbers of older consumers sign up for streaming services.
Legends Bob Dylan and Stevie Nicks also both sold rights over the past year for huge sums, with Dylan’s sale to Universal Music Group thought to be in the hundreds of millions.
Shakira said that Mercuriadis “is an ally to songwriters everywhere who care deeply about the continued life of their songs”.
Mercuriadis highlighted that the star wrote or co-wrote “virtually every song she has ever recorded”. He said: “She is a superb creator who has led the charge from what was massive physical success to now having bigger success in streaming than most of her contemporaries.”