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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.

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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Song Stories

“Money For Nothing”

Dire Straits | 1984

Mark Knopfler wrote this song with Sting, and it wasn’t without controversy. The Dire Straits frontman's original lyric used the word “faggot” to describe a singer who got their “money for nothing and their chicks for free.” Even though the slur was edited out in many versions, the band, and Knopfler, still took plenty of criticism for the term. “I got an objection from the editor of a gay newspaper in London--he actually said it was below the belt,” Knopfler told Rolling Stone. Still, "Money For Nothing," undoubtedly augmented by its innovative early computer-animated video, stayed at Number One for three weeks.

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