The awards ceremony will celebrate the life and music of the iconic British star.
A competition is allowing filmmakers the chance to create music videos for three classic Elton John songs.
'Elton John: The Cut', is challenging filmmakers world-wide to create music video ideas for the iconic star.
Three of Elton's most famous songs have been chosen, each requiring their own unique video style.
Tiny Dancer' (live action), 'Rocket Man' (animation), and 'Bernie & the Jets' (choreography) were all released before the trend of music videos began.
The winner will get support from YouTube to make their ideas into a reality. On top of having their concept come to life, they'll also receive $10,000.
Alongside Elton the panel consists of; Bernie Taupin, Dreamworks Animation CEO Jeffrey Katzenberg, Grammy Award-winning video director Melina Matsoukas, and Barry Jenkins (writer-director of Golden Globe Best Picture 'Moonlight').
it looks like we'll soon see new videos featuring the Rocket Man's music, with the competition closing on Monday 23rd January.
What Elton song would you like to see a video for?