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BET Awards 2021: Everything to Know About the Star-Studded Event That Will Honor 'Black Excellence'

Chelsea Lauren/Shutterstock;Karwai Tang/WireImage; Kevin Mazur/Getty Images (2)

The 2021 BET Awards are right around the corner!

Later this week, the 21st edition of the famed awards show ceremony will air live on Sunday from the Microsoft Theater in Los Angeles, California.

The BET Awards - which honor Black individuals' achievements in music over the past year - were first established in 2001 by the Black Entertainment Television network.

"As we return LIVE with culture's biggest night, this year's show marks many firsts-including the highest number of performers in 21 years of BET Awards; and viewers can expect several surprise moments," Connie Orlando, EVP of Specials, Music Programming & Music Strategy said in a press release. "Some of today's hottest talent will join us for our return to LA for an unforgettable night celebrating Black excellence."

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Here's everything to know about the annual show:

RELATED: DaBaby, H.E.R, DJ Khaled, Tyler the Creator and More to Perform at 2021 BET Awards

Earl Gibson III/Getty Images

Who's hosting?

Kevin Mazur/Getty Images Taraji P. Henson

Taraji P. Henson is set to host the 2021 BET Awards, and this year she's looking forward to honoring Black women like herself.

The actress, 50, was previously announced as the host for the annual event and told PEOPLE (the TV show!) correspondent Jeremy Parsons her thoughts on the theme for this year's show, "Year of the Black Woman."

"This year in particular, we're honoring Black women," she said before raving that young Black and brown girls have a large selection of successful women to look up to like politician and activist Stacey Abrams and historic Vice President Kamala Harris. "I'm such a girls' girl. I love to uplift women."

Who's nominated?

Jordan Strauss/AP/Shutterstock (2)

Among the artists with the most nods this year are DaBaby and Megan Thee Stallion with seven nominations each. Following closely behind are Cardi B and Drake, who each have five nods.

Megan, 26, appears in just about every top category, including video of the year, album of the year, best female hip hop artist and best collaboration for her tracks with DaBaby, 29, and Cardi B, 28.

DaBaby, meanwhile, is up for album of the year, best male hip hop artist and best collaboration for four total tracks that he appears on.

Who's performing?

Kevin Winter/Getty Images DJ Khaled performing at the 2020 Grammys

Last week, BET announced the full list of performers for the annual awards ceremony, including Migos, Andra Day, H.E.R. and DaBaby.

Also set to perform are the likes of DJ Khaled, City Girls, Jazmine Sullivan, Kirk Franklin, Lil Baby, Lil Durk, Moneybagg Yo!, Tyler the Creator and Rapsody. Along with those on the star-studded list, rising stars Tone Stith and Bree Runway will perform on the BET Amplified Stage.

Last year, the awards show was hosted virtually and featured performances from the likes of Alicia Keys, Chloe x Halle, John Legend and Lil Wayne.

Who is getting the Lifetime Achievement Award?

Axelle/Bauer-Griffin/WireImage Queen Latifah

This year, Queen Latifah is set to be honored with the lifetime achievement award during the big night.

How do I watch the 2021 BET Awards?

Getty Images

The 2021 BET Awards are set to air at 8 p.m. ET on Sunday, June 27 on BET. Viewers without a cable subscription can tune in to watch BET on certain packages with several streaming services, including YouTube TV, Hulu with Live TV, Sling TV, Fubo TV and Philo.