The 16th annual event is scheduled to take place in Atlanta on Friday, October 1.
Ludacris, Cardi B and Bruno Mars are also on the star-studded festival bill.
The 'Kamikaze' album – which was surprise-released back in August - has recently gone platinum.
Broadcast live from NYC's Radio City Music Hall, the event also featured live performances from Ariana Grande and Aerosmith with Post Malone.
The event will also feature a performance from Jennifer Lopez, who is set to receive the Michael Jackson Video Vanguard Award.
The video reunited the band with film director David Dobkin, who previously made the music video for ‘Sugar’.
Hip-hop trio Migos have drawn level with The Beatles as the group with the most simultaneous entries on the Billboard Hot 100.