Jay-Z's nearly decade long partnership with Live Nation has been sealed for a decade more. The Roc Nation mogul confirmed on Thursday, May 11, that he and the events promoter have agreed on terms that extend their collaboration for 10 years, over which time he will make $200 million off of the deal.
Jay has been touring through Live Nation since 2008. Among the highlights of their work together, there have been collaborative concerts with the likes of Justin Timberlake and wife Beyonce. They will look to continue the mutual success through 2017, with Hov slated to headline the Austin City Limits festival, as well as the Meadows Music and Arts Festival and his own Made In America Festival before the ball drops on the 31st of December.
"Over 9 years, we have traveled the world producing historic music experiences," reads a statement issued by Jay. "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."