Under the deal, Seacrest will develop new syndicated radio content for both traditional and digital media. In addition, the 35-year-old will also create a joint venture with the company to explore the creation of a record label, music publishing business and live concert series.
Seacrest will continue to host his KIIS-FM radio show, On Air with Ryan Seacrest, and the American Top 40 chart countdown.
Seacrest's previous three-year deal with Clear Channel was signed in 2008 and estimated to be worth $35 million.
Are you excited to hear more Seacrest?