Shakira sells rights to her songs to UK company

Shakira's catalogue includes hits like "Hips don't lie", "Whenever, wherever", "She wolf" and "Waka waka (This time for Africa)", and the Board of Hipgnosis Songs Fund Limited, a UK-based investment company, has acquired 100 per cent of her music publishing rights, reports usatoday.com. 

"Being a songwriter is an accomplishment that I consider equal to and perhaps even greater than being a singer and an artiste. At eight years old -- long before I sang -- I wrote to make sense of the world. Each song is a reflection of the person I was at the time that I wrote it, but once a song is out in the world, it belongs not only to me but to those who appreciate it as well," Shakira said in a statement. 

"I'm humbled that songwriting has given me the privilege of communicating with others, of being a part of something bigger than myself," added the singer, without revealing the amount of the deal. 

Shakira released her debut album "Magia" in 1991 at the age of 13, and became a global star with "Laundry Service" in 2001. 

Last month the legendary Bob Dylan, who was awarded Nobel Prize in Literature for creating "new poetic expressions within the great American song tradition", sold his publishing rights of more than 600 songs to Universal Music Publishing Group.