From their star-studded New Year’s Eve party in Las Vegas, Jay-Z and Kanye West (joined by Rihanna and others) made a shocking announcement. Champagne in hand, two of Def Jam’s biggest stars of the millennium performed songs such as “Runaway,” “Monster” and more. Towards the end of the former, Kanye West appears to have said, “We got that new, Watch The Throne, comin’ in one week.”

Watch The Throne has been said to be an early 2011 collaborative EP between the onetime mentor and star pupil. Believed to release through Def Jam Records, the work has been said to feature classic Hip Hop production from the likes of Pete Rock, Q-Tip, Madlib and others.

Video is posted below, filmed by World-Red Eye.

Jay-Z After Party at Marquee from Seth Browarnik on Vimeo.

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