Jay Z Signs $200M Touring Deal With Live Nation

Jay Z.

Photographer: Jamie McCarthy/Getty Images for Live Nation

New York (AP) -- Jay Z has signed a $200 million, 10-year deal with tour promoter Live Nation.

The rap icon announced the deal Thursday that continues his relationship with the company, a connection which began in 2008. A person close to the situation, who spoke on the condition of anonymity because the person was not allowed to publicly talk about the topic, told The Associated Press that Jay Z earned $200 million for the new deal.

Jay Z says in a statement that he and Live Nation "have traveled the world producing historic music experiences." He also added: "We will continue redefining the live event landscape."

Live Nation has produced a number of Jay Z's successful live shows, including his recent collaborative tours with Beyonce and Justin Timberlake.

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