Musical catalog of Shakira and other artists put up for sale for more than $1,000 million dollars – El Diario NY

Musical catalog of Shakira and other artists put up for sale for more than $1,000 million dollars – El Diario NY

The musical catalog of Shakiraas well as other great international music stars such as the American band blondie and the Canadian musician Neil Youngis very close to changing ownership after the company that owns it, Hipgnosis Songs Fundput the musical legacy of these artists on sale.

According to various media, the British song management and investment company in musical intellectual property decided to “get rid” of the musical rights of several artists due to the financial problems it faces.

These would derive from several factors such as the rise in copyright interest as well as the little “profit” obtained by musical catalogs compared to the price paid for them.

Due to the above, the company has begun to receive offers, being that of the American company blackstone the most attractive so far by offering nearly $1.5 billion dollars for the music of Shakira, blondie and Neil Young. In this accumulation of artistic licenses there is also the catalog of the American band Journey as well as that of the musician Lindsey Buckingham.

Shakira posing on a red carpet.
Shakira recently announced her “Las Mujeres Ya No Lloran World Tour.”
Credit: Mezcalo

The dispute over the music of Shakira and other artists

Prior to the offer of blackstonewhich already owns other divisions of Hypgnosisas Hipgnosis Songs Capital and Hipgnosis Songs Managementan independent Nashville company, went public with its $1.4 billion offering.

Until now, the company created by the musician Nile Rodgers and the former manager of various stars such as Beyonce and Elton John, Merck Mercuriadisis waiting for a better offer.

Shakira performing in a show.

The same company also owns other important musical catalogs such as that of the Canadian singer Justin Bieberfor which he paid $200 million dollars, as well as that of the band Red Hot Chilli Pepperswhich had a price tag of $140 million dollars.

Shakira and her musical legacy: a new future

In January 2021, it was announced that the “Día de Enero” singer had sold the rights to more than 140 songs of her authorship and property to the firm. Hipgnosis Songs Fund. However, and although the price of the transaction was not made public, it was reported that the artist may have received between $100 to $200 million dollars.

Shakira posing.
Shakira released her album “Las Mujeres Ya No Lloran” last March.
Credit: Mezcalo

After the news spread, the Barranquilla woman herself declared that selling her catalog was not a decision she “took lightly.” And according to the businesswoman, the main reason why she carried out this action was “to choose a partner who took seriously the job of being custodian” of her songs and who would work to protect and promote the work. of their life.

During the same process, the company expressed its admiration for the Colombian to the point of “welcoming the queen of Latin music and much more.”

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