Shakira Closes Deal with Live Nation
The rumored 360 deal between Shakira and megapromoter Live Nation has apparently been signed and sealed. The deal, which will last 10 years and will encompass tours, merch, sponsorship, and recordings, is in effect immediately–except on the recorded-music side, where Shakira still owes Epic three albums (one in English, one in Spanish, and one in “greatest-hits cash-out”-ish). The deal is rumored to be worth somewhere between $70 million and $100 million, which at least sounds reasonable in the context of the other deals the company’s been striking lately. [NYT]
