The agreement is the biggest in the history of women's sport.
WTA chairman and CEO Stacey Allaster said the deal would give women's tennis incredible exposure.
"This is a game-changing and historic moment for our fans and for women's sport," Allaster said in a statement.
"Our new broadcast strategy to produce all 2,000 main draw singles matches in partnership with PERFORM will deliver exponential global exposure for our players, tournaments and partners."
WTA Media – a joint endeavour – is being introduced to produce all main-draw singles matches and semi-finals and finals of all doubles matches from 2017.
News content will increase by 40 per cent, while there will also be additional magazine shows and off-court products.
Allaster said: "We are extremely excited by a shared vision of delivering the quality and quantity content our fans deserve.
"PERFORM's unprecedented investment in the WTA signals a new era - not only for women's tennis but also for women's professional sports the world around."