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Jay-Z Announces Philly Music Festival to Feature Over 30 Acts and Jay & Beyonce Buy London Home

Jay-Z has announced a two-day music festival in Philadelphia that will feature nearly 30 acts where he will headline and curate the festivities.

The festival will take place at Fairmount Park on Sept. 1 and Sept. 2 during Labor Day weekend.

The acts will include rap, rock, R&B, Latin and dance performers, according to CBS News. The "Budweiser Made in America" festival will benefit United Way Greater Philadelphia and Southern New Jersey.

Tickets go on sale May 23.

Also, according to MTV News, it looks like Jay and Beyonce will be living in the UK for the summer and it's bye bye New York while Jay tours with Kanye on their "Watch the Throne" European tour.

Jay and Bey have reportedly purchased a new "posh townhouse" in West London with The Sun reporting:

"Both Jay-Z and BeyoncĂ© are going to be spending a lot of time in London over the next few months Jay is over here for his Watch The Throne Tour and Radio 1’s Big Weekend and Beyonce will be launching her perfume in Europe over the summer."