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Shakira has signed a lucrative "360-degree" deal with concert promoter Live Nation, her representative has confirmed.
The ten-year deal, rumoured to be worth between £35m and £50m, will encompass tours, recordings, sponsorship and merchandise.
It is the fourth "360-degree" deal that Live Nation has agreed since October, following similar agreements with Madonna, U2 and Jay-Z.
Shakira still owes three albums to her record label, Sony BMG, but all other aspects of the Live Nation deal are expected to take effect immediately.
The 31-year-old singer has sold more than 50 million records during her career, scoring UK No.1 singles with 'Hips Don't Lie' and 'Beautiful Liar'.
