The rumors are true!

On Wednesday, April 16 in Los Angeles, Jay Z, alongside L.A. Mayor Eric Garcetti, announced that the Budweiser Made in America Festival will not only take place in Philadelphia this year, but in Los Angeles as well.

L.A. will get its own version of the music festival during Labor Day weekend, August 30 and 31, in Grand Park. Philadelphia's will take place on the same dates.

The lineup for both location's is forthcoming. Early-bird tickets for both events are on sale now.