
Shakira still had two studio albums and a greatest hits collection to deliver under her old contract with Sony BMG. Neither Shakira's spokesman nor Live Nation could confirm whether she would still have to fulfil this deal. However, the touring element and other aspects of the Live Nation agreement will begin immediately. Her signing comes only a few days after Live Nation's chairman, Michael Cohl, stepped down after a dispute over the company's strategy of signing high-profile artists to similar "360-degree" deals. Shakira has sold over 50 million albums worldwide and had four top 10 UK hits. Earlier this year business magazine Forbes listed her as the fourth richest female musician in the world banking $38m (£19.2m) between June 2006 and June 2007. Only Madonna, Barbra Streisand and Celine Dion were ranked ahead of the singer.
news source : http://news.bbc.co.uk/
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