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Shakira Leaves Epic, Signs Massive Live Nation Deal

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.

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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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Song Stories

“Whoomp! (There It Is)”

Tag Team | 1993

Cecil Glenn — a.k.a., "D.C." — was a cook at Magic City, a nude dance club in Atlanta, when he first heard women shout "Whoomp — there it is!" Inspired by the party chant, he and partner Steve "Roll'n" Gibson wrote a song around it. Undaunted by label rejections, they borrowed $2,500 from Glenn's parents and pressed 800 singles, which quickly sold out in the Atlanta area. A record deal came soon after. Glenn said the song was meant for positive partying. "If you're going to say 'Whoomp there it is,' and you're doing something negative, we'd rather it not have come out of your mouth."

More Song Stories entries »
 
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