Shakira Sells Her Songs' Masters

Shakira's albums' masters are no longer hers after signing a multi-million dollar deal that handed over right to her music to new owners. She joined artists like Taylor Swift who also have sold their music masters. 

Hignosis Song Fund - the company in the middle of the deal struck by the artist - did not give the full details of the contract and amount paid to bag all the 145 songs made by the artist including Hips Don't Lie featuring Beyonce and She Wolf.

What is understood is that Shakira must have walked away with a large sum of money that is worth over 20 years' royalties upfront, on top of that would be a tax relief package. 

The five-time Grammy winner whose last album El Dorado was released three years ago, has sold over 80 million album copies in her career.