Plus, check out Billboard's New Music Latin weekly playlist below!
The Colombian star's record-breaking Las Mujeres Ya No Lloran tour in Mexico not only shattered attendance records but also generated millions in tourism and economic revenue.
This year would have marked her third time at the festival.
Check out the best photos from Billboard event in Madrid.
The ceremony will be held on May 29 in Medellín.
Billboard ranks all of Selena's studio albums since her major label debut in 1989.
With Brazil at No. 9, 2024 marks the first year two Latin American countries appear in the top 10 of IFPI's rankings, which are based on recorded music revenue.
The Colombian superstar lit up the GNP Seguros Stadium in Mexico City on Wednesday night (March 19) with “Ciega Sordomuda” and “El Jefe.”
The publisher will administer Tovar's entire catalog and future songs worldwide.
"Every sincere word and gesture plants the roots of a beautiful tomorrow — and that is what this song is all about," Estefan tells Billboard Español.