After releasing several well-received albums and becoming huge figures in music, Kanye West and Usher will both receive the Visionary Award at the 2015 BET Honors, which will be taped on Jan. 24, 2015.

The star-studded event, with Wayne Brady as host, will salute the megastars for their many achievements in the music business and pushing the envelope of their respective genres.

This is the eighth year that the BET Honors has taken place. Past honorees, include Whitney Houston and Maya Angelou.

Other celebrities receiving awards at the event include Phylicia Rashad, who will be given the Theatrical Arts Award, John W. Thompson, who will receive the Technology and Business Award, and former president of Spelman Collge, Johnnetta Betsch Cole, who's currently the director of the Smithsonian Institutions' National Museum of African Art.

The BET honors will air on Feb 24 at 9PM ET. Proceeds from the ticket sales will benefit the National CARES Mentoring Program.

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