“We will continue redefining the live event landscape,” said the Tidal boss.

Jay Z has signed a new worldwide touring deal with Live Nation that will last for the next 10 years.

According to Billboard, the new deal – which comes as an initial 10-year deal, signed in 2008, draws to a close – is reportedly worth $200 million. The original touring contract was worth $150 million and included three of the rapper’s albums. It launched Roc Nation as a joint venture between Jay Z and Live Nation.

“Michael Rapino is an industry visionary, and this renewed partnership is a testament to our longstanding relationship and the talented individuals at Live Nation,” said Jay Z in a statement released yesterday (May 11). “For the next 10 years, we will continue redefining the live event landscape.”

Jay Z is set to headline this year’s V Festival, while also performing at Made In America Festival, Meadows Festival and Austin City Limits. These dates mark his first solo tour since 2013.

In February, the Magna Carta…Holy Grail artist became the first rapper to be inducted into the Songwriters Hall of Fame.

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