Shakira She is the latest recorded artist to sell her music copyright.
The Colombian artist, whose music has earned her three Grammy Awards in her career, has scrapped her entire catalog of 145 songs to Hipgnosis Songs Fund Limited, a UK-based investment firm.
The company announced the acquisition on Wednesday Via Twitter She welcomed the singer “Hips Don’t Lie”, 43, to her list of intellectual property, describing Shakira as “one of the most serious and successful songwriters of the past 25 years.”
Company founder Merck Mercuriadis wrote Wednesday: “Welcome to the Hipgnosisshakira Family.” What no one should take for granted is that Shakira is one of the most serious and successful songwriters of the past 25 years, having written or co-written nearly every song she has ever recorded.
Shakira released her debut album in 1991 when she was only thirteen years old. She rose to world fame in 1995 with the release of her third album “Pies Descalzos”.
However, it wasn’t until 2001 when Shakira invaded American pop that she dropped her American-language debut, “Laundry Service” and, as the expression says – the rest is history.
For her work as a singer, songwriter, and musician, Shakira has won many international acclaim, winning three Grammy Awards, 12 Latin Grammy Awards, four MTV Video Music Awards, seven Billboard Music Awards and 39 Billboard Latin Music Awards.
She also has six Grammy nominations for her account.
To date, the “She Wolf” artist has sold 80 million albums worldwide – her recent “Girl Like Me” collaboration with the popular Black Eye Peas is also included in the deal with Hipgnosis.
The sale price of the catalog has not been disclosed and Invest Group does not own the copyright to any future Shakira recordings at this time.
“Being a songwriter is an achievement that I consider equal and perhaps greater than being a singer and artist,” Shakira said in a statement. “At eight years old – long before singing – I wrote to understand the world. Every song is a reflection of the person I was at the time I wrote it, but as soon as a song appears in the world, it does not belong to me only but to those who appreciate it as well.”
Shakira added, “I feel humbled that writing songs gave me the privilege of communicating with others, and being part of something bigger than me.”
Shakira was named Person of the Year at the Latin Records Academy in 2011 – and a large portion of the net proceeds from the concert benefited the Shakira Pies Descalzos Foundation, which aims to help poor and impoverished children in Colombia.
The Associated Press contributed to this report