Jay Z performs in 2015

Jay-Z performs during Tidal X: 1020 at Barclays Center on Oct. 20, 2015 in New York City.

Taylor Hill/FilmMagic

The Weinstein Company has inked an exclusive film and TV first-look overall deal with Jay Z. The deal is a two-year overall deal where TWC will have first-look options with Jay Z to produce both scripted and unscripted television projects and film projects. Projects under this deal are already in development, and will be announced in the coming weeks.

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The rapper-turned-mogul's past film credits include producing the Annie remake, co-producing Chris Rock’s Top Five and executive-producing Baz Luhrmann’s The Great Gatsby.

"I'm excited to tell stories from real-life prophets, whom through their struggles have changed the world for the better, and others whose stories are filled with fantasy and delight," said Jay Z in a statement. "Harvey and David are visionaries both of whom have done this time and time again. I'm already passionate about what we currently have in the pipeline and I'm looking forward to discovering others."

“Having known Jay on a personal level for many years we are thrilled by the opportunity to expand our relationship," said TWC Co-Chairman Harvey Weinstein. "Jay’s ability to influence entertainment and pop culture has gone well beyond music for many years. He approaches every aspect of his career with both determination and effortlessness, making him one of the leading power players in entertainment history. We already have some exceptional projects in the works and are excited to see what more is to come."

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TWC President and COO David Glasser added, "Jay Z is an entertainment mogul with an unparalleled sense of the industry and limitless creativity. It’s an incredible opportunity to be able to collaborate with him as we continue to grow our TV division and look towards many more opportunities to create fresh content.

The deal was negotiated by David Glasser, and Sarah Sobel, Executive Vice President of Business and Legal Affairs, on behalf of TWC. 

More to come.

This article first appeared on The Hollywood Reporter.