According to a July 1st report in the New York Post, the Colombian-born superstar Shakira is about to complete months of contract negotiations with concert promoter Live Nation.
The multi-million dollar deal for recording, touring and merchandising is expected to be finalized by the end of the year.
At present, the 31-year old Shakira is still under recording contract with Epic Records and has a greatest hits album plus one in Spanish and English to deliver.
Live Nation managed the US part of Shakira’s 2007 “Oral Fixation” tour, which reported grossed over $100 million. The new contract will expand their role beyond the current touring relationship with the Latin singer in a “360 deal” reportedly worth $70 million.
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