The rap mogul is expanding his empire by signing a $200 million tour deal.
Jay Z fans have a lot to be excited about, if they've been waiting on new music from the rapper.
According to Billboard, Jay Z and Live Nation are continuing their long-standing touring partnership with a new ten-year deal that will cover worldwide touring, with Live Nation as producer and promoter. While financial details were not revealed in the announcement, sources tell Billboard the deal is worth $200 million.
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The deal has fans speculating that new music will be on the way.
"Live Nation and I entered unchartered territory in 2008," noted Jay in a statement.
"Over nine years, we have traveled the world producing historic music experiences. Michael Rapino is an industry visionary, and this renewed partnership is a testament to our longstanding relationship and the talented individuals at Live Nation. For the next ten years, we will continue redefining the live event landscape."