Shakira to sign USD 60 million deal with Sony?

Last Updated: May 09, 2012, 17:30 PM IST

New York: Pop star Shakira and concert promoter Live Nation are reportedly close to signing a new record deal with Sony worth up to USD 60 million.

The 35-year-old Colombian beauty is one of a handful of superstars, including Madonna and Jay-Z, who have ditched their record labels in recent years to sign huge contracts with Live Nation, reported New York Post.

The `Hips Don`t Lie` hitmaker will continue to be one of the biggest earning stars in the music industry if she and concert promoter Live Nation sign the three-album deal with Sony.

The Latino previously left Sony to sign a 10-year deal with Live Nation.