Lady Gaga, Eminem to perform at 1st YouTube Music Awards; show to be streamed live online Nov. 3

Nominees will be announced Oct. 17

NEW YORK - YouTube is launching its own music awards and Lady Gaga will perform at the first-time event.

The Google Inc.-owned company announced Tuesday that Eminem and Arcade Fire also will perform at the YouTube Music Awards on Nov. 3. It will take place at Pier 36 in New York City and stream live online.

The awards show will honor "artists and songs that YouTube fans have turned into global hits over the past year." Nominees will be announced Oct. 17.

Actor Jason Schwartzman will host the YouTube Music Awards. A press release says the awards show will also feature events from Seoul, Moscow, London and Brazil.

Watch an announcement for the awards show below (mobile users: http://bit.ly/GzGRPu):

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