Photo credit: Getty Images/Ari Perilstein

A new deal between Jay-Z and Live Nation has been the announced and it’s worth is a hefty amount. 

Jay-Z signed a 10-year with Live Nation and it’s worth $200 million according to Variety‘s sources.  The contract is actually an extension of their partnership that started in 2008, but this one includes global touring and he’ll be promoted by the entertainment company.

“Over nine years, we have traveled the world producing historic music experiences. [Live Nation Entertainment CEO] 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 10 years, we will continue redefining the live event landscape,” Jay-Z told Complex in a statement on Thursday.

Since his new deal and his recent announcements of headlining at several festivals, people have also grown curious if Jay-Z would be dropping an album soon.  The last album dropped by Jay-Z, Magna Carta Holy Grail, was 4 years ago, so it’s been a minute.

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