Drake and Kanye West collaboration album confirmed, scheduled for release this year

(Reuters/Lucas Jackson)"Famous" rapper Kanye West at the Met Gala in Manhattan last May 2016.

At Canadian record label October's Very Own (OVO) Festival, rappers Kanye West and Drake announced that they will be collaborating on an album, which is scheduled for release this year.

Rumors of a collaboration have been circulating for months, and just last Monday, Aug. 1, the rappers confirmed those rumors. The announcement was made on the last night of Drake's OVO Fest, when West made a surprise appearance during Drake's set.

West reportedly asked the crowd, "Toronto, I got one question for you, is you all ready for this album?" The rapper clarified that he wasn't referring to Drake's "Views" album, which originally had a track called "Pop Style" that initially featured West and "99 Problems" rapper Jay Z. The "Famous" rapper stressed that he also wasn't referring to his "The Life of Pablo" album, which featured two songs written by Drake.

"Hot Bling" rapper Drake intervened and clarified what West meant by saying, "What my brother was asking before was, are you ready if we make an album? That's what he was asking."

Shortly after the music artists made the announcement, OVO Sound Radio officially blasted the announcement on Twitter.

"Collaborative tape between @kanyewest & @Drake will release this year. Official announcement at #OVOFEST more information later this year," the record label wrote.

Earlier this year, in an interview with Zane Lowe, Drake mentioned that he was supposed to do a mixtape with West, but details weren't revealed until recently.

OVO Festival was started by OVO Sound founder Drake in 2010. It is an annual concert, and it usually takes place during the Civic Holiday weekend.

Famous names have graced Drake's OVO Fest through the years. Aside from West, OVO Fest has seen talent in the form of Lauryn Hill, Usher, J. Cole, 50 Cent, Lil Wayne, and a lot more. This year, Drake was also joined by singer-songwriter Rihanna.

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