OutKast and Drake are slated to co-headline OVO Fest 2014, which is set to take place August 3-4 in Molson Canadian Amphitheatre in Toronto, according to Complex

In 2013, OVO Fest featured Kanye West, Diddy and Ma$e. To view a breakdown of last year's OVO Fest, click here. All of those acts performed on Day 2 of the show as the first day of 2013's OVO Fest was cancelled due to Frank Ocean's health issues. To view the report on Day 1's cancellation last year, click here

The event was announced on Instagram with the following caption: "@welcomeovo Presents the 5th Annual OVOFEST @champagnepapi #ovofest #drake #outkast."