Please allow Jay Z to re-introduce himself, as possibly now one of the wealthiest rappers in the music business. Hip-hop mogul, sports agent and venture capitalist will be making a point to return to performing over the next decade after he announced a 10-year touring partnership reportedly worth $200 million, Variety reports.
The news comes days following announcements of Jay Z returning to performing later this year with upcoming festival appearances at The Meadows in New York City, in addition to a headlining spot at his annual Made In America event in Philadelphia this September.
“Live Nation and I entered unchartered territory in 2008. Over nine years, we have traveled the world producing historic music experiences,” the 47-year-old recording artist and businessman said in a statement. “This renewed partnership is a testament to our longstanding relationship and the talented individuals at Live Nation. For the next 10 years, we will continue redefining the live event landscape.”
The new venture will be carrying on the relationship that the two parties began in 2008. According to Billboard, the previous partnership was “a 360-deal worth $150 million that covered three albums, publishing and other assets and helped launch Roc Nation.”
There’s been no information on whether or not there is a recording element to the extension of the partnership between the two. Jay Z made headlines recently when he quietly removed all of his own studio albums from streaming services including Apple Music and Spotify.
The rapper and husband to Beyoncé also announced recently that he’ll be teaming up with Oscar-winning film studio The Weinstein Company for an upcoming documentary series about the late Trayvon Martin titled, Rest In Power. The series is scheduled to arrive January 2018.