Matt Rourke
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.
In the last year, he’s been featured on Fat Joe and Remy Ma, Pusha T, Frank Ocean and DJ Khaled tracks but it appears new music may be on the way from the 47-year-old.
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.”
The Brooklyn-bred talent is currently expecting twins with his superstar wife, Beyoncé. The pair currently live in Los Angeles with their 5-year-old daughter, Blue Ivy.
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