Get to know the performers, finalists, and presenters for the upcoming honors
Credit: Ida Mae Astute/ABC/Getty

It’s that time of year again! The Billboard Music Awards are upon us.

The annual honors, given by music publication Billboard, have been airing since 1989 – though took a four-year break for contract negotiations in 2007.

The 2016 BBMAs will air live from Las Vegas’ T-Mobile Arena on Sunday, May 22 at 8 p.m. on ABC. Ludacris will return as co-host for the third consecutive year, alongside first-time co-host Ciara.

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Here’s everything else you need to know about the honors.

Who’s Performing?
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.

A slew of chart-topping talent will take the stage, including DNCE, Fifth Harmony, Ariana Grande, Nick Jonas, Tove Lo, Demi Lovato, Shawn Mendes, Pink, Ty Dolla Sign, Troye Sivan and Meghan Trainor.

Justin Bieber will premiere his new song “Company” on the show, while Gwen Stefani and Blake Shelton will get romantic with their new duet “Go Ahead and Break My Heart.”

’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.

Madonna will add to the evening’s tributes, in a special performance for the late Prince.

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?
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?

Who’s Nominated?
Leading the 2016 finalists is The Weeknd, with 19 total nominations across 16 categories.

The Weeknd’s closest competitor would be Bieber, who follows with 12 nominations. Drake and Fetty Wrap both picked up 11 nominations, while Taylor Swift and Adele both have 8.

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.

Who’s Presenting?
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.