Lady Gaga to perform at 1st YouTube Music Awards

Lady Gaga to perform at 1st YouTube Music Awards
Lady Gaga arrives at Macy's Herald Square by horse-drawn carriage to launch her Lady Gaga Fame fragrance on Friday, Sept. 14, 2012 in New York. (Photo by Evan Agostini/Invision/AP)
NEW YORK (AP) - YouTube is launching its own music awards and Lady Gaga will perform at the first-time event.

The Google Inc.-owned company announced Tuesday that Eminem and Arcade Fire will also perform at the YouTube Music Awards on Nov. 3. The awards will be presented at Pier 36 in New York City and will stream live online.

The announcement said the awards show will honor "artists and songs that YouTube fans have turned into global hits over the past year." Nominees will be announced Oct. 17.

Actor Jason Schwartzman will host the YouTube Music Awards. A press release said the awards show will also feature events from Seoul, South Korea; Moscow; London; and Brazil.