Streaming from London's Wembley Arena on August 15, the 90-minute special will be hosted by BBC Radio 1's Greg James and Clara Amfo.
After joining EMI in November 1972, Queen played their label launch gig at London’s iconic Marquee Club in April the following year.
Originally released in 2006 and widely acclaimed, the album will be back on 180 gram vinyl on May 28.
The series will consist of Lo-Fi compilations fusing jazz with electronica.
The fast-rising rapper's new album, 'TYRON' is set for release on February 5 through Method Records.
The artists hooked up together for a BBC Radio 1 ‘Live Lounge’ slot
The gig, which premieres at 7pm BST tonight, will be performed remotely from the band’s hometown of Perth, Australia.
The artist performed the Frankie Valli classic, as well as his own ‘Wonder’ at the BBC Radio 1 Live Lounge.
The new track is the latest taster from the band's upcoming album, 'Cherry Blossom'.
This year's event is a virtual festival. BBC Radio 1 and the world’s biggest artists will be joining fans remotely while they stay at home.
'The 1975' topped the UK Albums Chart on release and was certified platinum in 2014.
The superstar singers didn't reveal a specific date for the song's release, but rumours persist that it won't be long.
Fender said: “‘That song is such a long-standing favourite of mine, and Amy remains a national treasure."
The new song is the follow-up to the much-acclaimed 'Summer Girl', released in July.
The band are returning to the stage in support of their new album, Inflorescent, which is due out on 16 August.