After an 8-year absence from stand-up, Chris Rock has signed a record-breaking $40 million deal with Netflix for two comedy specials, according to The Hollywood Reporter. A source confirmed to THR that Rock will receive $20 million for each special, allegedly more than Louis C.K., Jerry Seinfeld, or Amy Schemer has ever drawn.

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Over the past few years, Rock has hosted the Oscars, directed Schumer's series, and guested on Fox's Empire. "Chris Rock is a beloved actor and director, and his remarkable stand-up makes him comic royalty," Netflix chief content officer Ted Sarandos told THR in a statement. There is no one like him, and Netflix offers the global platform and creative freedom that will serve as a perfect home for someone with his incredible talent.”

The first special is expected to tape in 2017 and will come on the heels of a world tour that is being planned.