July 3, 2008 10:50 AM ET
After months of speculation and despite internal turmoil over the nature of these deals, concert promotion company Live Nation has signed Shakira to a 10-year contract worth an estimated $70 to $100 million. Shakira joins the likes of Madonna and Jay-Z as superstars who have come to terms with the concert giant for full-scale deals that include touring, album releases and merchandising opportunities (though the specific terms of the Shakira deal were not disclosed). The Colombian star still owes three albums to her old label, Epic, but her the touring aspect of her Live Nation deal will take effect immediately.
Related Stories:
• Madonna Deal Done: Material Mom Signs With Live Nation
• U2 Signs Deal With Live Nation
• Internal War Over 360 Deals Could Splinter Live Nation
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