MTV has announced plans for its “Be the Change Inaugural Ball,” a bash for President-elect Barack Obama. The event will take place in the Ronald Reagan Building in D.C. on January 20. Live television coverage will give everyone access to the party. MTV will also feature all the revelry via Internet.

Celebrities, politicians and recording artists will decorate the event, meant to celebrate Obama’s swearing in to office. MTV will also choose hundreds of partygoers to give the cameras plenty of great shots.

It is expected that more than one million will arrive in Washington to celebrate the event, and to participate in several inaugural balls being planned throughout the city.