Jay Z Reportedly Signs 10-Year, $200M Deal With Live Nation

That's a lot of millions.

According to the AP, Jay Z has signed a 10-year, $200 million touring deal with Live Nation.

"I have traveled the world producing historic music experiences," Jay Z said in a statement, adding, "We will continue redefining the live event landscape."

The new 10-year deal comes on the heels of Jay Z's first contract with Live Nation, which the rapper signed in 2008. Jay Z will be 57 years old when the new 10-year pact comes to a close.

Michael Rapino, the president and CEO of Live Nation who has worked with Jay Z for nine years, said in the same statement that the new deal with strengthen Jay's "touring base and reach." You know, for any living, breathing human who isn't already familiar with Jay Z.

Jay is currently slated to headline four music festivals before the end of 2017, including V Festival, Made in America, Austin City Limits and The Meadows.