NBC will ring in the new year with the second iteration of "Miley's New Year's Eve Party," hosted by multi-platinum recording artist Miley Cyrus, who will be joined by co-host and global superstar Dolly Parton.

The star-studded event, to be executive produced by "Saturday Night Live" creator and producer Lorne Michaels, will feature an A-list lineup of musical performances and special guests.

"Miley's New Year's Eve Party" will air live on NBC from Miami on Saturday, December 31 from 10:30 p.m.-12:30 a.m. ET and will also stream live on Peacock. 

"Miley's New Year's Eve Party" is executive produced by Lorne Michaels and Miley Cyrus. Jesse Ignjatovic and Evan Prager will executive produce for Den of Thieves. It's also produced by Tish Cyrus' Hopetown Entertainment, and directed by Joe DeMaio.