MUMBAI: Taylor Swift, Justin Bieber, Prince, Bruno Mars and Miguel will perform at Billboard Music Awards in Las Vegas on 19 May.

Billboard announced those acts that are finalists for the milestone award, a new honour presented to an act who has achieved a landmark on the Billboard charts in the last year. Prince will be awarded the Billboard Icon Award, highlighting his history of groundbreaking accomplishments in the music industry.

"The addition of the Milestone Award gives us the opportunity to recognize truly creative artists that are breaking boundaries with their contribution to today's musical landscape," said Billboard editorial director Bill Werde. “These awards are for artists who have created music and accomplishments that are part of history."

The newly announced editorial award will go to an innovative artist that achieved a notable chart milestone over the past year. The six finalists for the 2013 milestone award are: Bieber, The Band Perry, Miguel, Swift, Mars and Pitbull.

Online voting is open for the milestone award and the six finalists will be narrowed down to three finalists, who will be unveiled on the website in mid-April. Voting will then continue all the way through the live Billboard Music Awards broadcast, culminating with the announcement of the award winner toward the end of the show.

Finalists or nominees are chosen based on album and single sales, airplay, touring, streaming and social interactions on Facebook, Twitter, YouTube, Vevo and Spotify. There will be a fan who would be chosen to present the award to the winning artist along with co-presenter Cee-Lo Green.

The awards will air live on ABC from the MGM Grand Garden Arena in Las Vegas on 19 May.