Watch PEOPLE's MusiCares Benefit Gala Red Carpet Livestream

MusiCares will honor Aerosmith as its Person of the Year for the group's many years of charitable work

A benefit gala for MusiCares, a nonprofit that helps musicians in need, will be held Friday night at the Los Angeles Convention Center.

The organization will honor Aerosmith as its Person of the Year for their many years of charitable work.host Jeremy Parsons and PEOPLE Deputy West Coast News Editor Melody Chiu will co-host a live, red carpet streaming pre-show. Catch the full livestream above at 9 p.m. ET / 6 p.m. PT or on PEOPLE’s

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