The star will headline the first-ever PEOPLE Magazine Awards, a two-hour special spotlighting the year in pop culture.




"Looking forward to an amazing night and hopefully this will launch a new category for PEOPLE to name me Sexiest Host Alive in 2015," he said.




Cannon, 34, certainly knows his way around Hollywood: the actor, rapper and comedian has plenty of hosting experience from his days on MTV's Wild N Out and his current gig with America's Got Talent.




Tune in to the People Magazine Awards on Dec. 18 at 9 p.m. ET on NBC, and don't forget to vote for the Best PEOPLE Magazine Cover of the Year by Tweeting us with the hashtah #PEOPLEMagazineAwards.