Other artists set to perform include Robert Plant & Alison Krauss, The Chicks, and more.
MGK teased the news via a number of tweets.
Stars such as Green Day, Blake Shelton & Gwen Stefani and Miley Cyrus are also on the bill.
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The film will feature appearances from Megan Fox, Dove Cameron, Becky G, Pete Davidson and more.
Kelly was forced to pull out of his festival slot “due to restrictions and logistics”.
MTV will also be announcing additional performers in the coming weeks.
The first taste of Kelly's upcoming album, 'Born With Horns', the video was directed by Cole Bennett.
MGK and frequent collaborator Travis Barker got ‘Born With Horns’ tattoos to celebrate the announcement.
The new track features on the group's new album, 'This Place Will Become Your Tomb', out on September 24.
Other artists set to perform include Earthgang, Pooh Shiesty, and more.
Hosted at various outdoor venues throughout New York, the in-person events will also include a number of benefit concerts.
Other artists set to perform include Machine Gun Kelly, Miley Cyrus, The Black Pumas, and more.
The awards show aired live from the Dolby Theatre in Los Angeles to a crowd full of masked-up music fans on Thursday night.