Additionally, Feid takes home the songwriter/artist of the year award, while "QLONA" by Karol G and Peso Pluma is named Latin song of the year.
The show will feature more than 100 unique award categories, live musical performances and a series of celebrity guests.
The charity gala, benefiting Children's Diabetes Foundation, will be held in October.
The road to Broadway's biggest night begins bright and early Thursday morning.
The English belter died at age 70 in 2014.
Try to remember: "It's an honor just to be nominated."
Atlantic Records was the initial label honoree at last year’s inaugural Hall of Fame Gala.
The band's singer and drummer Simon Kirke plan to perform at this year's ceremony.
This will be the ninth consecutive year that women have been invited to rock and roll’s annual party. (And not just as the +1s of male inductees.)
This is the sixth consecutive year that one or more rap acts has been in the induction class.