The annual honors, given by music publication Billboard, have been airing since 1989 – though took a four-year break for contract negotiations in 2007.
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Here’s everything else you need to know about the honors.
Like any good awards show, the BBMA will be packed full with performances, beginning with Britney Spears who will open the show with a medley of her greatest hits. Spears will also accept the prestigious Millennium Award – an honor previously given to Beyoncé and Whitney Houston.
’80s pop rock group The Go-Go’s will unite on the Billboard stage, celebrating the 35th Anniversary of their smash hit “We Got the Beat.” The ladies will embark on a North American Farewell Tour this summer to commemorate 38 years in the music industry.
Céline Dion will be received the evening’s lifetime-achievement ICON Award, following in the footsteps of Neil Diamond, Stevie Wonder, Prince and Jennifer Lopez. Dion will perform Queen’s “The Show Must Go On” on the program – her first televised performance since her husband René’s death.
One of the evening’s most highly-anticipated performance comes from Rihanna. Though she hasn’t announced what she’ll be singing yet, this will be RiRi’s first U.S. on-air performance since a bout of bronchitis forced the singer to cancel her Grammys appearance in February.
No – Adele won’t be performing.
But, the British beauty will be premiering the video for her new single “Send My Love (To Your New Lover)” on the program. That counts, right?
— Adele (@Adele) May 16, 2016
Leading the 2016 finalists is The Weeknd, with 19 total nominations across 16 categories.
Finalists are based on Nielsen U.S. year-end chart performance – determined by collecting data on sales, number of downloads and total airplay. Michael Jackson has 40 career wins – the most by any male artist. Janet Jackson has the most awards for female artist, with 33 wins.
The three biggest awards of the evening are Top Artist, Top Billboard 200 Album and Top Hot 100 Song – won last year by Swift, her 1989 album and Trainor’s “All About That Bass,” respectively.
The Top Artist finalists this year are Adele, Justin Bieber, Drake, Taylor Swift and The Weeknd.
Adele, Bieber, Swift, and The Weeknd will all compete for Top Billboard 200 Album – joined in the category by Ed Sheeran, for his album x.
The Weeknd gets double nominations in Top Hot 100 Song category for “Can’t Feel My Face” and “The Hills.” They’ll go up against Adele’s “Hello,” Fetty Wap’s “Trap Queen” and “See You Again” by Wiz Khalifa ft. Charlie Puth.
For a full list of nominees can be found here.
Buckle up – because Hollywood’s brightest will be hitting the stage to hand out awards on Sunday night.
Presenters include Jessica Alba, Kristen Bell, 2016 Miss America winner Betty Cantrell, Lauren Cohan, Kathryn Hahn,Khalifa, Mila Kunis, Ashton Kutcher, Idina Menzel, Keke Palmer, Rebecca Romijn, Serayah, Aerosmith’s Steven Tyler, Lindsey Vonn and Fall Out Boy’s Pete Wentz.