NEW YORK (AP) — Jay Z has signed a $200 million, 10-year deal with tour promoter Live Nation.
The rap icon announced the deal Thursday that continues his relationship with the company, a connection which began in 2008. A person close to the situation, who spoke on the condition of anonymity because the person was not allowed to publicly talk about the topic, told The Associated Press that Jay Z earned $200 million for the new deal.
Live Nation has produced a number of Jay Z’s successful live shows, including his recent collaborative tours with Beyonce and Justin Timberlake.
Jay Z will be performing live a good amount this year: He’s slated to headline a number of music festivals, including Austin City Limits, the Meadows Music and Arts Festival, and his own Made In America festival.