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updated 5:58 p.m. ET Nov. 25, 2008

NEW YORK - MTV is throwing an inaugural ball for President-elect Barack Obama.

The network announced Tuesday that it will host the “Be the Change Inaugural Ball” at the Ronald Reagan Building and International Trade Center in Washington on Jan. 20. The event will be televised live across MTV’s many channels and platforms, including MTV and MTV.com.

The Viacom Inc.-owned network said the event will feature leading artists, celebrities and government officials. To celebrate the large youth voter turnout in the election, hundreds of young people will be chosen to attend based on their demonstrated volunteerism.

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MTV’s announcement comes as a host of organizations are planning inaugural balls in Washington, where more than a million people are expected to be drawn to the nation’s capital for the occasion.