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by Michael Baggs

Shakira set to sign huge new $60 million record deal

'She Wolf' star due to sign new three album deal with Live Nation and Sony


Shakira set to sign huge new $60 million record deal Photo:

Shakira is set to continue her reign as one of the biggest earning stars in the music industry as she prepares to sign a new record deal reckoned to be worth somewhere between $30million and $60million.

Stateside reports differ on the quantity offered to the 'She Wolf' star, but whichever is closer to the mark - it's a huge amount of money.

The star is signing a new deal with Live Nation and Sony for her next three albums, with the two companies working together on her future projects and sharing revenue.

The deal is huge, but slightly smaller than her previous Live Nation contract, which was estimated to be worth between $70 million and $100 million. She left this deal in 2008.

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