The Standard Hotel has a released a statement regarding the security footage of Jay Z and Solange Knowles' physical altercation being leaked to TMZ.

Jay Z, Beyonce and sister Solange were attending a Met Gala after party on May 5 when the alleged fight occurred on an elevator at The Standard Hotel.  The footage shows Solange punching, kicking, screaming and allegedly spitting on Jay Z.  There is no audio for the footage, leaving the reason for the altercation unclear.

"We are shocked and disappointed that there was a clear breach of our security system and the confidentiality that we count on providing our guests," the hotel said in a statement to theGrio.com. "We are investigating with the utmost urgency the circumstances surrounding the situation and, as is our customary practice, will discipline and prosecute the individuals involved to our fullest capacity."

TMZ recently released new footage of an extended video of Solange continuing to attack Jay Z for about three and a half minutes.  There is a large man standing in the elevator with Beyonce, Jay Z and Solange, who is assumed to be their bodyguard.  The man tries to calm Solange and keep her from hitting Jay Z.  However, Beyonce seems to want to stay out of the fight and doesn't physically intervine.

"And this is interesting. When you look closely, you see the bodyguard hit the emergency stop switch on the 12th floor -- mid fight -- presumably to keep the fight private," TMZ reports. "All three walked out of the building together. Solange looks pissed, but while Bey and Solange get in one car, security walks Jay to a different one."

You can watch the video of the altercation between Jay Z and Solange in the elevator below.  What you do you think about the fight? Let us know in the comments section below.