With the emergence of the internet age, talent all across the world have been given an open platform to express themselves for others to see. With sites such as Facebook, Tumblr, Twitter and most notably YouTube, artists such as Soulja Boy, Justin Bieber, and others have been discovered and in some cases have been granted opportunity to pursue careers.

Now the Google-powered site is honoring those individuals with the First Annual YouTube Music Awards. According to USA Today, the 90-minute show will be broadcasted on YouTube, and will honor artists in seven categories and the winners will be chosen by the viewers. Eminem and Lady Gaga have signed on to participate in the breakthrough event and will be hosted by actor Jason Schwartzman and creative video director Spike Jonez.

COntinue reading after the jump!

YouTube’s VP of Marketing Danielle Tiedt says the point of the show is to celebrate the company’s role in the music ecosystem. “If you think about how most of us encounter music, it’s usually on YouTube,” says Tiedt. “Whether it’s stars like Miley Cyrus and her VMA performance or her new ‘Wrecking Ball’ video, or musicians like Lindsey (Stirling), who broke thanks to our site.”

The show will air live from New York on Nov. 3. Nominees for the seven awards, determined by the viewers, will be announced Oct. 17. To peep the trailer for the show, press play above.