Beyonce Lands $50 Million Deal With Pepsi

Beyonce for Pepsi

Beyonce has reportedly landed a multi-year deal with Pepsi worth around $50 million, serving as its brand ambassador.

According to the New York Times, the deal includes commercials, as well as a multimillion-dollar fund to support the singer's creative endeavors.

"Pepsi embraces creativity and understands that artists evolve," Beyoncé said in a statement. "As a businesswoman, this allows me to work with a lifestyle brand with no compromise and without sacrificing my creativity."

The campaign will coincide with the release of her next album, which is expected in 2013. Following her performance at the Pepsi-sponsored Super Bowl halftime show in New Orleans on February 3, the singer will appear in a global TV commercial for Pepsi ("Live for Now"), her fifth for the soft drink maker since 2002.

As part of the promotional blitz, her image will also adorn life-size standees in stores and a limited-edition line of soda cans (below), which will launch first in Europe in March.

Beyonce for Pepsi

The $50 million will be used for print, out-of-home, as well as in-store advertising and promotions worldwide, with the remainder split equally between Beyonce's fee and a "creative content development fund."

Beyoncé will also collaborate on the design of all materials related to the partnership.