The virtual event also featured Alicia Keys Coldplay, Thomas Rhett and more.
Rhett, Old Dominion and Luke Combs were all double winners at the awards, held in Nashville for the first time.
The artists will be taping their performances in Los Angeles and Nashville, adhering to social distancing guidelines.
The all-star track features Reba McEntire, Hillary Scott, Chris Tomlin and Keith Urban.
The new song follows 'After A Few,' which completed a record-breaking 65-weeks climb to No. 1 on Billboard's Country Airplay chart in June.
The track climbs 3-1, also becoming Pardi's fourth chart-topper.
Thomas Rhett is a Grammy-nominated country singer and songwriter from Nashville who's notched multiple chart-topping hits over his career.
The show has effectively swapped places with the CMT Music Awards, normally a June fixture but recently moved to 14 October.
Presented by State Farm, the series will premiere on Wednesday (29 April).
Beginning Friday, SiriusXM’s “StagecouchWeekend” will broadcast exclusive at-home performances from country music’s biggest stars.
Rhett is doing so with an original song, Hambrick's inspiration is Stevie Wonder and Dunn has remade Elton John's festive favourite.
Urban was named Entertainer of the Year at the Las Vegas event, where Rhett won the Male Artist category and there was double success for Musgraves.
Bryan, Thomas Rhett and Luke Combs will headline the event at Riviera Maya in Mexico from 23-26 January.
Chris Stapleton has no fewer than eight nominations for 2018's 53rd ACM (Academy of Country Music) Awards, which take place on 15 April.
Reba McEntire has been announced as the third headliner at the 2017 Country to Country Festival, joining fellow giants Brad Paisley and the Zac Brown Band.