Shakira sells the rights to her 145-song catalog

by BLOOMBERG

Hipgnosis Songs Fund Ltd. snapped up the 145-song catalog of Colombian pop star Shakira, doubling down on the thesis that hit records have become an attractive asset class.

The deal on Wednesday continued a busy 2021 for the London-based song-rights investment company, which last week announced deals for rights to music by producer Jimmy Iovine, Fleetwood Mac guitarist Lindsey Buckingham, and folk-rock star Neil Young.

Hipgnosis has acquired Shakira’s back catalog, including the writer’s share of income, according to a statement Wednesday. A price for the deal was not disclosed.