Music
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'.
Related Stories
Singles Reviews
DJ Fresh ft. Dizzee Rascal: 'The Power' reviewThe DJ and rapper produce a Balearic Island summer blaster.
Music Interviews
Scissor Sisters on new LP, One DirectionWe chat to Babydaddy and Del Marquis about the band's fourth record.
The Sound
Playlist: Queen's Diamond Jubilee specialWe select our favourite Queen-related songs ahead of the Diamond Jubilee.
Album Reviews
Ladyhawke: 'Anxiety' reviewThe singer's ear for infectious pop remains stronger than ever on her second LP.
