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Netflix has agreed to pay Chris Rock $40 million for two stand-up specials as part of a record deal. That’s a lot of money.

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The first special tapes in 2017 after Rock’s big world tour—his first in eight years—with the second taping date TBD. Rock, who’s good at making people laugh, will earn $20 million per show, which according to The Hollywood Reporter, “is believed to be more than such A-list comedians as Louis C.K., Jerry Seinfeld and Amy Schumer have commanded.”

After a reported “bidding war”—where network heads dress up in dueling gear and yell numbers at each other—Netflix reportedly won out over HBO, Amazon and Hulu, according to Deadline, which notes:

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By aggressively buying projects, the streaming networks have been quickly gaining ground in the standup special field, taking market share away from the once-dominant players, HBO, Comedy Central and Showtime.

Rock’s previous standup specials Bigger & Blacker and Never Scared aired on a little network called HBO. Besides serving as Oscars host slash best black friend earlier this year, Rock was nominated for an Emmy for directing Amy Schumer’s HBO’s standup special.

In a statement, Netflix chief content officer Ted Sarandos described Rock as “a beloved actor and director” and “comic royalty.” To recap, Netflix has a lotta money$$$$$$.