Luis Fonsi and Daddy Yankee will receive the Latin Song of the Decade award for the mega-hit “Despacito” during the Billboard Latin Music Awards.
Both Puerto Rican artists will also perform at the ceremony, which will air live on Telemundo on October 21 from the BB&T Center in Sunrise, Florida, Billboard and Telemundo announced Friday.
"Despacito" topped Billboard's "Hot Latin Songs" chart for 56 weeks (not consecutive), a record for any Latin song since the chart's inception in 1986.
It surpassed the previous 41-week mark, which boasted Enrique Iglesias's “Bailando” with Descemer Bueno and Gente de Zona, on February 17, 2018.
In May 2017 he also made history by topping the Hot 100 chart, which includes songs from all genres, then tying the 16-week record at No. 1 set by Mariah Carey and Boyz II's “One Sweet Day” in 1996.
Fonsi, currently a finalist for four awards including Latin Pop Artist of the Year, Solo Artist and Top Latin Album of the Year for "Vida," recently released the single "Perfecta" with fellow countryman Farruko.
Yankee, finalist for 12 awards, including "Hot Latin Song" song of the year for "Con Calma", released "Don Don" with fellow Puerto Ricans Anuel AA and Kendo Kaponi.
The 2020 Billboard Latin Music Awards coincide with Billboard's Latin Music Week, a three-day event dedicated to music, culture and entertainment. The event, which is being held virtually due to the coronavirus pandemic on its 30th anniversary, is scheduled for October 20-23 and includes conversations with artists, panels with industry personalities, and exclusive performances, among others.