Drake to Start Music Festival in Toronto

Still riding high off the success of his debut album, rapper Drake has no intentions of slowing down, announcing that he will conclude his 'Away From Home' tour by kicking off his very own music festival in Toronto, next month.

The 23-year-old announced that he will headline the OVO Festival, hosted by BlackBerry, at Toronto's Molson Amphitheater August 1. Named after his entertainment company, October's Very Own, the one day event will feature performances from several of his rap associates including Young Jeezy, Francis and the Lights and Bun B. "I truly believe this is entertainment at a level that the city has never seen before," Drake said in a statement to Billboard. "I'm hoping that it is a safe and magical night and that OVO Festival becomes tradition every year."

The OVO Festival was founded by Drake, and collaborators Oliver El-Khatib and Noah "40" Shebib. Ticket prices start at $37 and can be purchased via Live Nation.