Entertainment Music Sean 'Diddy' Combs to Host the 2022 Billboard Music Awards: 'I'm the Ringmaster' "Ain't no party like a Diddy party," Sean "Diddy" Combs said in an Instagram post on Friday announcing his upcoming gig as host and executive producer of the 2022 Billboard Music Awards By Nicholas Rice Nicholas Rice Instagram Twitter Nicholas Rice is an Associate Editor for PEOPLE Magazine. He began working with the brand as an Editorial Intern in early 2020, before later transitioning to a freelance role, and then staff positions soon after. Nicholas writes and edits anywhere between 7 to 9 stories per day on average for PEOPLE, spanning across each vertical the brand covers. Nicholas has previous work experience with Billboard, POPSUGAR, Bustle and Elite Daily. When not working, Nicholas can be found playing with his 5 dogs, listening to pop music or eating mozzarella sticks. People Editorial Guidelines Published on April 22, 2022 09:26 AM Share Tweet Pin Email Trending Videos Photo: Steve Granitz/WireImage Sean "Diddy" Combs is fired up about his upcoming gig! The music star and producer, 52, announced in an Instagram post on Friday morning that he is set to host and executive produce next month's 2022 Billboard Music Awards. "BIG ANNOUNCEMENT, BIG ANNOUNCEMENT!!!" Diddy wrote alongside a video, which saw him cheerfully revealing his dual roles. In the clip, Diddy loudly announced his gig to his neighbors, exclaiming, "That means I'm the host with the most, I'm the executive producer that calls all the shots, that means I'm the ringmaster, P.T. Barnum style." "Ain't no party like a Diddy party," he added. "We're gonna come through with one of the most disruptive lineups in music history with one of the most controversial hosts in musical history — Me!" Diddy is no stranger to the Billboard Music Awards stage, having won trophies in 1997 for top rap artist and top rap song ("I'll Be Missing You"). Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human interest stories. Megan Thee Stallion, Latto, Red Hot Chili Peppers and More to Perform at 2022 Billboard Music Awards Earlier this month, the finalists for the 2022 Billboard Music Awards were announced. Set to air live on NBC May 15, the show honors this year's most successful musicians across several categories. This year's nominees include The Weeknd, Doja Cat, Olivia Rodrigo, Drake, Taylor Swift, Kanye West, Justin Bieber and many more. Want to get the biggest stories from PEOPLE every weekday? Subscribe to our new podcast, PEOPLE Every Day, to get the essential celebrity, entertainment and human interest news stories Monday through Friday. The Weeknd leads the pack as a finalist for 17 categories including top artist, top male artist and top 100 artist. In addition, "Save Your Tears," his collaboration with Ariana Grande, is up for six awards. Doja Cat, meanwhile, is the leading female artist as a finalist in 14 categories, including top artist, top female artist and top 100 artist. Her latest album Planet Her is up for two awards. RELATED VIDEO: All the Can't-Miss Moments of the 2021 Billboard Music Awards This year, five new categories were introduced to the awards show, including top Billboard global 200 artist, top Billboard global excl. U.S. artist, top Billboard global 200 song, and top Billboard global excl U.S. song. The awards are based on the chart period between April 10, 2021 and May 26, 2022. They are determined by key fan interactions with music, including album and digital song sales, streaming radio airplay and social engagement. PEOPLE exclusively revealed earlier this week that finalists Megan Thee Stallion, Latto, and Rauw Alejandro, as well as Red Hot Chili Peppers and Burna Boy, will serve as performers during the awards ceremony. The group joins previously announced performer Mary J. Blige, who will receive the coveted Icon award and take the stage to sing during the show. "My career has been such an incredible and unexpected journey that has included many turns into avenues I never could have imagined like acting, producing, launching businesses and now even my own music festival," the "Family Affair" hitmaker said of the honor in a press release. "Through it all, I always one way or another gravitated back to my first love, music," continued Blige. "To be recognized in this way at this moment, with the Icon Award at the Billboard Music Awards, is an incredible honor and one that I am truly humbled by." Mary J Blige to Be Honored with Icon Award at the 2022 Billboard Music Awards: 'I Am Truly Humbled' Billboard also announced on Friday the Billboard MusicCon, which it describes as "a first-of-its-kind event that will expand the footprint of the Billboard Music Awards through conversations, fan experiences, headline performances." The two-day event will take place in the days prior to the 2022 Billboard Music Awards, and will feature artists among the likes of Anitta, Machine Gun Kelly, Burna Boy and Rauw Alejandro, to name a few. The Billboard Music Awards will broadcast live on May 15 from the MGM Grand Garden Arena in Las Vegas at 8 p.m. ET on NBC and Peacock.