The new agreement with Fonsi, who first signed to Sony/ATV in 2005, includes Despacito, former Latin Grammy Song of the Year Aquí Estoy Yo and recent Demi Lovato collaboration Échame la Culpa. It also covers future works from Fonsi, who has been a Latin music star for almost two decades.
Sony/ATV President, Latin America and U.S. Latin Jorge Mejia, said: “In my career and perhaps in the annals of Latin music, there is certainly a ‘before Despacito’ and an ‘after Despacito’. I am honored to extend our long-standing relationship with Luis Fonsi, a history-making artist, songwriter and friend.”
Fonsi said: “I’m happy to continue to work with the amazing Sony/ATV family led by my longtime friend Jorge Mejia. We’ve shared some amazing moments together and I can’t wait to celebrate more.”
Despacito spent 11 weeks at No. 1 on the UK singles chart, as well as reaching the summit in the US, Argentina, Australia, Brazil, Canada, Colombia, France, Germany, Italy, the Netherlands, Norway, Spain and Sweden.
Last summer it became most-streamed song globally of all time after reaching 4.6 billion streams. It is the most-played video in history on YouTube – in April this year it surpassed 5 billion views.