YouTube to have its own music awards

YouTube has announced that it will stage its own music awards, to be hosted by Jason Schwartzman.<br/> <br />The event will honor the top songs and artists that were viewed on the website in the past year.<br/> <br />Lady Gaga, rapper Eminem and Arcade Fire will be headline performers for the live-streamed event, which will take place in New York on November 3.<br/> <br />Nominees will be announced later this month and winners will be voted on by the public.