Turner Broadcasting and Live Nation Entertainment today announced the Live Nation Music Awards, a new television event that promises to celebrate the best live musical performances of the year. Set to be simulcast on TNT and TBS on Oct. 1, 2015, the ceremony will be produced by Live Nation Entertainment in collaboration with IMG and dick clark productions.

Screen Shot 2015-05-12 at 11.56.22 AMAddressing the critical shortage of music-awards shows on TV, the Live Nation Music Awards will connect fans with their favorite artists “in an unprecedented way,” according to the announcement, “bringing viewers into the spontaneous, electric atmosphere that makes live music so exciting.” Categories will include “Live Performance of the Year,” “Best On-Stage Collaboration,” “Road Warrior of the Year,” and “Best Special Effects in a Festival.” There will be plenty of live stars and “unique, never-before-seen collaborations and special appearances.”

The show will be executive-produced by Michael Rapino, Live Nation Entertainment’s president and CEO; Mark Shapiro, IMG’s Chief Content Officer; Allen Shapiro (So You Think You Can Dance, Golden Globe Awards), dick clark productions’ CEO; and Michael Mahan, dick clark productions’ president.

“With all the honors given to recorded music, it’s great to finally see awards created for live performances,” said David Eilenberg, senior vice president of unscripted series, specials and late night for TBS and TNT. “We’re proud to be joining forces with Live Nation, IMG, and dick clark productions to break new ground and honor the most exciting live musical performances of the year.”