Shawn “JAY Z” Carter will partner up with Live Nation for the next 10 years, according to an official press announcement. The exclusive touring agreement continues Jay Z’s longstanding relationship with the world’s leading live entertainment company. The deal includes worldwide touring, in which Live Nation will produce and promote JAY Z concert events.

“Live Nation and I entered unchartered territory in 2008. Over 9 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 10 years, we will continue redefining the live event landscape,” stated JAY Z.

“JAY Z is one of the world’s preeminent touring artists,” added Michael Rapino, president and chief executive officer, Live Nation Entertainment. “This strengthens the creative and business partnership of someone that continues to expand his touring base and reach.”

Jay Z’s touring deal is reportedly worth $200 million.